When considering the potential – if not underestimated – liability associated with TDFs, perhaps it’s best to listen to the warning Cialdini provides regarding Social Proof: “It should never be trusted fully… we need to look up and around periodically whenever we are locked into the evidence of the crowd.”
Tag "2006 Pension Protection Act"
When retirement industry professionals talk about the impact of the 2006 Pension Protection Act, you might be surprised that this is what they conclude.
It turns out there’s a downside to 401k participant engagement. Who knew?
Do 401k plan sponsors know the fiduciary minefield they’re stepping into when they select a QDIA?
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Why have these people failed to learn from history and what can be done to prevent them from hurting themselves?
What can 401k plan sponsors do to help prevent employees from getting hurt by the coming bond crash.
Like a car’s top-end gear, in the big picture 401k investing decisions are less powerful than most think.
It’s a sad world where “safety first” has the opposite effect.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 1/9/15
Defining insanity, Fiduciary kiss of death? and muddled fee disclosure.