Why are financial professionals more likely to embrace behavioral finance and how can this help the average investor?
Basic Members
It turns out there’s a downside to 401k participant engagement. Who knew?
A good fiduciary needs to see through the hype and base decisions solely on matters of import. This isn’t as easy as it sounds. For one thing, hype, like humor, works because it’s based on truth. This mantle of credibility is just enough to lead the fiduciary astray.
The need for 401k plan sponsors to increase their focus on their fiduciary duties and, specifically, execute strategies with can reduce their fiduciary liability, arises from this New Fiduciary Era in which we find ourselves. Fortunately, the path to implementing these strategies is well worn. It should be easy to accomplish.
Who would you ask if you wanted to know the best way to do something.
As the year approaches its conclusion, it’s a good time to reflect on the good that we have seen in the 401k world. In doing so, we can see plan sponsors have reason to smile.
It’s safer to assume you don’t know everything – and here’s a list that begins to define that everything.
What if you were told the best way to calm your nerves was to be worried? Here are 7 reasons why this might be true.
A fiduciary who only looks at the most recent reporting period stands to make an unfortunate – and potentially damaging – investment decision… and unnecessarily exposes himself and his company to a liability that can otherwise be easily avoided.
401k Plan Sponsor and Fiduciary Top 5 All-Time Most Popular “Must-Read” Articles
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