Things just got a lot tougher for plan sponsors. Here’s what expert ERISA attorneys have to say.
Basic Members
Washington attacks 401k plans as states move to convert DB plans to DC plans, fiduciary advocates take off the gloves, annuities replace TDFs as favorite whipping boy and more.
Mixed reviews on dual IRS/DOL announcement; Surveys indicate 401k plan sponsors might be in for an awful surprise; and, is the Annuity the financial industry equivalent of the Chevy Volt?
Lesson: Always read the fine print. If it’s too good to be true, it usually is.
This was the week we were all waiting for from the DOL. What we didn’t expect was the surprise from the IRS and the bipartisan agreement from two former SEC chairmen.
The adage you can’t serve two masters is as old as the Bible. So why are 401k plan sponsors making this mistake and why is the DOL allowing them to do so?
The war for the fiduciary begins to shift arenas, we learn the downside of “low-cost” and all indications are the financial industry still hasn’t learned the root cause of the 2008 crisis.
Want to know some real, reliable and independent sources of 401k benchmarking data? Read on.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 2/24/12
The Fiduciary Battle reignites while the Fee Wars heat up, investors search for fixed income and states look to dump pensions and go the 401k route.