Perhaps 401k plan sponsors should also focus plan participants’ attention on these 5 overlooked factors the can thwart their ability to attain the freedom of financial independence.
Posts From Christopher Carosa, CTFA
Fiduciary rollovers, 12b-1 follies, and investment fads.
Today, many 401k plan participants have their retirement savings on “set-it-and-forget-it” autopilot. In a low inflationary environment, that might be OK. However, when the pendulum swings back towards inflation, this can leave them ill-prepared. What, exactly, can a 401k plan sponsor do within its fiduciary capacity to help plan participants incorporate inflation into their retirement planning calculus?
It’s coming, 50 shades of fiduciary, and asking old questions.
Despite this, 401k plan sponsors can better protect their employees, even when it comes to personal data, because that data is only acquired within the context of the service provider’s relationship to the plan.
Social Security becomes relevant again, the Fiduciary Rule changes again, and fees are a problem again.
When is a “problem” not really a problem? And what can be better than success, even if no one knows about it.
CYA, Do Unto Yourself, and Recycled Recycling…
Just because you don’t have a fiduciary duty to other employees doesn’t mean you shouldn’t continue to think like a fiduciary.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/9/21
ERISA claims, IRAs, and hidden fees.