FiduciaryNews

Tag "plan sponsor"

When Do Index Funds Raise A Fiduciary Issue With 401k Plan Sponsors?

    When Do Index Funds Raise A Fiduciary Issue With 401k Plan Sponsors?

401k plan sponsors can’t afford to fall victim to the lure of heuristics. Index funds can generate just as much fiduciary headaches as actively managed funds.

1 comment Read Full Article

Exclusive Interview: Pete Swisher Explains Why Companies Don’t Care About MEPs (or PEPs or Even 401k Plans)

    Exclusive Interview: Pete Swisher Explains Why Companies Don’t Care About MEPs (or PEPs or Even 401k Plans)

He also reveals the greatest misconception regarding MEPs, what the SECURE Act really did, and when we might begin to see the mass media start paying attention.

0 comment Read Full Article

When Do 401k Plan Sponsors Usually Adopt an Investment Policy Statement?

    When Do 401k Plan Sponsors Usually Adopt an Investment Policy Statement?

The Investment Policy Statement is a legal plan document. It needs to be treated accordingly. This means to deliberate it with diligence before adopting it. Even when it is adopted, it must be regularly inspected and revised as needed.

0 comment Read Full Article

Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?

    Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?

There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.

0 comment Read Full Article

Exclusive Interview: Ary Rosenbaum Says, Despite SECURE ACT, Some 401k MEPs Challenges Remain

    Exclusive Interview: Ary Rosenbaum Says, Despite SECURE ACT, Some 401k MEPs Challenges Remain

“As far as adopting employers, I would recommend an ERISA attorney because an MEP isn’t the right fit and fiduciary solution for every plan sponsor.”

0 comment Read Full Article

5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose

    5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose

Including these will make 401k plans safer for plan sponsors and more successful for plan participants.

0 comment Read Full Article

Why Are We Seeing More Cases of “Fear of Spending” Among Retirees?

    Why Are We Seeing More Cases of “Fear of Spending” Among Retirees?

Perhaps, just as plan sponsors have developed onboarding programs for new hires when it comes to saving for retirement, maybe they should add “unboarding” programs as a bookend for those nearing retirement.

1 comment Read Full Article

Should a Plan Sponsor Adopt a 401k Investment Policy Statement?

    Should a Plan Sponsor Adopt a 401k Investment Policy Statement?

Whether a plan sponsor decides to adopt a 401k IPS remains an open question. It’s not a question that should be treated casually. Every plan situation is different. Plan sponsors therefore must conduct a thorough due diligence to determine what’s best for their plan.

0 comment Read Full Article

What is a 401k Investment Policy Statement (IPS)?

    What is a 401k Investment Policy Statement (IPS)?

Although we’ve seen a broader acceptance of using an IPS, their use is by no means universal and particularly lacking among smaller employers. Perhaps there’s a realization that, if you don’t get the IPS right, you’ll only increase your liability.

0 comment Read Full Article

401k Plan Sponsors’ Fiduciary Obligation to Former Employees

    401k Plan Sponsors’ Fiduciary Obligation to Former Employees

Not being able to easily monitor how former employees apply these tools, however, can increase the fiduciary liability of plan sponsors.

0 comment Read Full Article

FiduciaryNews.com is sponsored by…

Order Your 401k Fiduciary Solutions book today!

Vote in our Poll

Disclaimer

The materials at this web site are maintained for the sole purpose of providing general information about fiduciary law, tax accounting and investments and do not under any circumstances constitute legal, accounting or investment advice. You should not act or refrain from acting based on these materials without first obtaining the advice of an appropriate professional. Please carefully read the terms and conditions for using this site. This website contains links to third-party websites. We are not responsible for, and make no representations or endorsements with respect to, third-party websites, or with respect to any information, products or services that may be provided by or through such websites.