For all the talk and concern about Congress cutting the contribution caps for 401k plan, the real news appears to be just the opposite. Sometimes, it’s better to wait for the final result rather than get worked up about what you think may happen.
“We have reached a watershed moment for retirement planning and saving.”
“There is no upside for an employer doing everything perfectly with their retirement plan. The downside risk, however, can be huge. It’s a risk that just isn’t worth the employer taking.”
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
“MEPs are less susceptible thanks to their size and their often use of multiple providers.” “MEPs really are a great solution for employers, especially small employers.”
Did the DOL just cut off the best chance for small businesses to offer low cost retirement plans to their employees?
