Since no individual 401k plan sponsors seem interested in testifying at a hearing about an issue intended to protect them, we’ve provided three possible outcomes from the DOL Fiduciary hearings and their implications for 401k plan sponsors.
Basic Members
Maybe we can learn something from Madison’s protesting public employee unions. Maybe there’s something more to being a fiduciary. Something even the DOL doesn’t tell us.
This week say more positioning on the fiduciary standard, the return of the annuity debate, continued heckling of 401k plans and some important regulatory news.Target d
Thus were lines drawn in the sand. We’re left to wonder if the tide of time will wash away those lines or merely wash away the sense of urgency for a uniform fiduciary standard.
Last week we saw some grand positioning in the coming battle for the Fiduciary Standard. What’s it all about? We’ll tell you bluntly.
Could it be true? And, if so, will the albatross of liability ultimately hang upon the 401k plan sponsor?
It really doesn’t appear the SEC is serious about the fiduciary standard. It seems more interested in using it as a pawn in a looming partisan fight. Where does this leave the proponents of the fiduciary standard? What other alternatives do they have?
If the major networks prefer to use former professionals as color announcers for sports events, why don’t they use specific industry professionals to write these types of stories for the mass media?
One the dust settled, the rejoicing stopped and outright concern rose. Perhaps the Republicans on the SEC Commission were right, albeit for the wrong reasons.
Fiduciary News Trending Topics for ERISA Plan Sponsors: Week Ending 2/25/11
This week was an important week for plan sponsors worried whether their 401k decision would come back to bite them. Yet, despite the media blather, one quote stands out as the ultimate truth. We’ve got it for you here.