Most 401k plan sponsors will readily admit they are not experts when it comes to retirement plans. They understand they have a role in the process. They understand that role carries with it certain fiduciary obligations. They understand (and accept) that role also exposes them to liabilities. This article shows how prudent delegation can mitigate much of that fiduciary liability.
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The One Topic Every 401k Plan Sponsor Must Know Right Now: Fiduciary Education Curriculum (Part III)
The Meat and Potatoes Topics of 401k Plan Sponsor Training: Fiduciary Education Curriculum (Part II)
If we liken the â5 Critical Topicsâ to the skeleton and sinew of a plan sponsorâs fiduciary obligation, the âmeat and potatoesâ topics can be described as its soft underbelly. It is within the routines of these topics that plan sponsors live most dangerously. What are these next two topics and why is it important plan sponsors to dig deep into them rather than simply âread the headlinesâ?
These are fundamental in nature. They are necessary prerequisites for 401k plan sponsors to fully inculcate themselves with more complex topics.
With the final dust comfortably settling on this yearâs tax season, we can know begin to put together the pieces of this new reality that may have plan sponsors and their service providers rethinking their long-held strategies.
Looking for an equal and opposite reaction for those intent on continued delays in saving for retirement? This article reveals 5 effective counter punches.
Thereâs no question 401k plan sponsors know they need to up their game when it comes to employee education programs. According to one study, 80% of education programs on 401k offerings for employees are ineffective. Plan sponsors today seek solutions to better engage employees.
There are two strategic paths to use when it comes reducing liability. One approach occurs after the fact â after the target date funds are already in place. The other approach takes place before the target date funds are even placed on the 401k plan menu. Which is more reliable?
When considering the potential â if not underestimated â liability associated with TDFs, perhaps itâs best to listen to the warning Cialdini provides regarding Social Proof: âIt should never be trusted fully⊠we need to look up and around periodically whenever we are locked into the evidence of the crowd.â
When retirement industry professionals talk about the impact of the 2006 Pension Protection Act, you might be surprised that this is what they conclude.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/17/19
Lotsa compliance talk, little fiduciary talks, and a better understanding of fees.