The example the researchers chose was a British company. The fact the study was not conducted within the framework of the ERISA environment may call into question its relevance to plans in America.
Posts From Christopher Carosa, CTFA
Rules rule, real fee disclosure, and opposite days for investments.
I don’t think the plan service providers should provide participant advice. Advice to participants should be provided by a non-related third-party fiduciary.
Roth-A-Rama, fiduciary miss-mash (or miss-Mass?) and the slow agonizing death of ESG
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.
States’ rights, strange brew, and going big.
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.
A Social Security warning spelled out in dollars and cents, otherwise, it’s August, and you know what that means.
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 9/15/23
More on Social Security, Back to the Fiduciary Future, and Actions Speak Louder Than Words.