Year: 2023
What 401k Plan Sponsors Should Do About ‘Lost’ Participants
The DOL’s guidance on missing plan participants appears just as effective as its week 2012 Mutual Fund Fee Disclosure Rule. Yes, it’s there, but it has no viability. Still, that doesn’t mean 401k plan sponsors can ignore the issue, even if they have not lost participants.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/25/23
States’ rights, strange brew, and going big.
$4.3 Million Or $1.27 Million? What’s The Point Of Scary Retirement Projection Numbers?
The twist is this: The bad news is only a fraction of the people will be able to save $4.3 million for retirement because the average salary is too low. The good news is most people won’t need to save $4.3 million because, thanks to living on a low average salary, they are accustomed to spending far less.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/18/23
A Social Security warning spelled out in dollars and cents, otherwise, it’s August, and you know what that means.
‘Forgotten’ 401k Accounts Study Criticized By Fiduciary Professionals
The challenge is plan sponsors often can’t determine if an account is forgotten until some triggering event. And by that time, it’s too late.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/11/23
Here are some ideas that have been proposed before
Ideas From ‘Beyond Fiduciary’ Hint At The Future Of 401k
The antiseptic compliance regime spelled out by the DOL and ERISA has to date defined fiduciary services. Perhaps, if we’re going to consider what is “beyond” that sterile definition, we might want to go back to the future. In a sense, rediscovering where “fiduciary” initially came from might suggest where it is headed.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/4/23
Must be August. Lotsa stuff, the philosophy of fiduciary, and you’re too young to know.
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