It’s clear that 401k plan sponsors ought to educate themselves when it comes to managing their investment provider relationship. This is the broadest fiduciary liability risk area. If plan sponsors don’t pay close attention, they may find themselves gasping for air.
Nobody’s perfect. It’s unfair to expect recordkeepers to be. Everyone makes mistakes—even recordkeepers. The problem is what happens when a mistake occurs.
Mickey Mantle’s rookie card, state-sponsored aggression, and ESG chickens coming how to roost.
How do you solve, for example, the problem of integration between the payroll software and the 401k recordkeeper’s website?
Big Brother, Godot, and Latin attack skills.
“I was [once] a major skeptic of the use of annuities, I have subsequently changed my mind regarding the efficacy of low-cost fixed and variable annuities in both personal and retirement accounts.”
Everything under the regulatory sun, real fees In court, and don’t believe everything you read.
A few years ago, this might have been classified as a common “mistake.” Again, “mistake” is in quotes because this is less an issue for certain plans (usually small firms or particular industries) than others.
Compliance learning, same old fee mistakes, and ESG gets a cold fiduciary slap on the face!
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 9/9/22
Taking their time, birds of a feather, and Tontine Tuesday.