In the spirit of the season, one might even think of this as “tricking” employees to save. Plans sponsors are already using these tricks.
Posts From Christopher Carosa, CTFA
The DOL seems to use the same metric that it earlier employed in its statement on the Fiduciary Rule. Still, the Advisory Opinion is very precise in what it allows. Citi will have to tread carefully to not cross the line into the realm of fiduciary.
Getting your money, waiting for what? and the great investing hoax.
Participation is one thing. It’s critical that retirement savers build on the momentum of participation and use that to increase the amount of dollars that get contributed to their article. How can plan sponsors facilitate this?
Citi Piti, a real change for fiduciary, and climbing to a comfortable retirement.
How strong an argument is there for auto-enrollment? Remember, the key feature of the 2006 Pension Protection Act was to encourage auto-enrollment. The SECURE Act has even stronger language.
DOL Citi Ruling Changes Everything…
These service providers bring in expertise and can engage the worker directly. Once set in place, the plan sponsor can step aside and let the system run on its own.
A rare “must read” for plan sponsors on recent court ruling.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 10/27/23
More IRA troubles, anticipation, and the State of the State.