By Christopher Carosa, CTFA | October 16, 2012
It’s the greatest cause of anxiety among plan sponsors, yet it’s so easy to address.
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Posted in Compliance | Tagged 401k, 404(c), ERISA, individual trustee's guide, investment goals, investment policy statement, liability, Prudent Investor Act
By Christopher Carosa, CTFA | October 14, 2009
Diversification does not protect the investor when the entire asset class sinks. A recent study from Hewitt Associates suggests events may be placing plan fiduciaries in a historically precarious position.
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Posted in Due Diligence | Tagged 401k, 404(c), bonds, Due Diligence, Education, Hewitt Associates, investment performance, investment policy statement, IPS, liability, mutual funds, participants, Stocks, Wall Street Journal
By Christopher Carosa, CTFA | October 6, 2009
A written Investment Policy Statement can act as the cornerstone to regulatory and legal compliance. With this written IPS, the fiduciary has documented the justification of the appropriateness of the institution’s mission and investment objectives. From this, the fiduciary can better evaluate and monitor the institutional fund’s investment performance. Finally, the written IPS may act as a safeguard to reduce fiduciary liability.
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Posted in Due Diligence | Tagged 401k, 404(c), Compliance, Conflicts of Interest, DOL, Due Diligence, Education, ERISA, Fiduciary Solutions, investment policy statement, IPS, liability
By Christopher Carosa, CTFA | September 23, 2009
Conducting a period plan diagnostic test is often seen as an easy way for the typical 401k fiduciary to reduce fiduciary liability. An ERISA plan trustee or fiduciary will usually hire an independent fiduciary consultant to conduct a comprehensive plan fiduciary diagnostic test. Here are five critical areas to consider.
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Posted in Education | Tagged 401k, 404(a), 404(c), audit, Compliance, Conflicts of Interest, consultant, DOL, Due Diligence, Education, Fees, Fiduciary Solutions, investment policy statement, IPS, liability, Plan Diagnostic Test
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 3/29/13
By Christopher Carosa, CTFA | April 1, 2013
Stockton Pension Bankruptcy a Harbinger? DOL’s Fiduciary Rule Racist? Fees Reality About to Hit 401k Plan Sponsors?
Read the full story...Posted in Trending Topics | Tagged 12b-1, 401k litigation, 404(c), Congressional Black Caucus, court ruling, fiduciary, Fiduciary Rule, IRA, participant, passive-active, pension, plan sponsor, retirement, Stockton, target date fund, Tibble v. Edison | Leave a response