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401k Plan Sponsors’ Fiduciary Obligation to Former Employees
Not being able to easily monitor how former employees apply these tools, however, can increase the fiduciary liability of plan sponsors.
Exclusive Interview: Terrance Power Tells All About What’s Changed (and More!) With 401k MEPs
“401k Multiple Employer Plans (MEPs) are a solution for the small to mid-sized employer market that will lead to the expansion of retirement plan coverage for America’s workers.”
5 Ways 401k Plan Sponsors Can Help Employees Nearing Retirement
You can’t do anything about it if you don’t know what the “it” is you need to do something about. It is therefore important for plan sponsors to devote resources that increase employee awareness.
A Company Fiduciary Must Ask These Questions Before Joining a 401k MEP
MEPs have the potential to do what state-sponsored plans may not be able to offer – protection under ERISA. That’s in the employees’ best interests. If many embrace this concept, September 30, 2019 may indeed signal the dawn of a new day in retirement saving. Still, due diligence remains an imperative.
A New Way to Prepare Employees for Retirement Plays to 401k Plan Sponsors’ Strengths
If plan sponsors can train their employees to use these same tactics for their retirement, they’ll be more likely to practice those tactics at work. And that’s good for business.
Exclusive Interview: Ric Edelman Says Reg BI “Unlikely to be Implemented”
“The SEC’s Regulation BI is terribly disappointing. It not only fails to protect consumers; it actually makes the situation worse… The confusion that will ensue will be very damaging to investors nationwide.”
How Reg BI Changes the Fiduciary Landscape for the 401k Plan Sponsor
Just as summer changes into fall, Reg BI will change the way all participants – investors, service providers, and 401k plan sponsors – interact with each other. These are the changes we might expect.
The Hidden Danger of Over-Diversification: Why 401k Plan Sponsors Must Demand Fiduciary Advisers Teach Employees When Too Much is Too Much
The bottom-line is employees may be setting themselves up not only for failure, but for a costly failure. This is why it’s vitally important for employees to understand more than just the simple objective and class of the mutual funds they own.
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