If we liken the “5 Critical Topics” to the skeleton and sinew of a plan sponsor’s fiduciary obligation, the “meat and potatoes” 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 “read the headlines”?
Tag "3(21)"
The Meat and Potatoes Topics of 401k Plan Sponsor Training: Fiduciary Education Curriculum (Part II)
“This uncertainty can be very challenging for plan sponsors. If I have to give some basic words of advice to plan sponsors, I simply say ‘stop and take a breath.’”
Dire prediction for Social Security, when it rains it pours (for fees), and two sides of the same investment coin.
While everyone’s talking about the potential impact the DOL’s proposed new Fiduciary Rule will have on IRAs and the brokerage industry, the greater impact may be on recordkeepers within the 401k industry.
“Price (fees) are a component of value. There are many other components that make up value and the relative weight will vary from plan to plan.”
The three standard flavors of ERISA fiduciary plus one special bonus.
Exclusive Interview: Jerry Schlichter Reveals 3 Ways 401k Plan Sponsors Can Avoid a Fiduciary Breach
“If diversification of products in the annuity is limited, the product may result in a fiduciary breach because…”
“Advisors who don’t assume a 3(38) or 3(21) fiduciary position are unlikely to have an investment role.”
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 1/15/16
The State in Flux, “Fiduciary” as product, and 12b-1 redux.