In the coming ascendency of 401k PEPs, here’s what might surprise you, and here’s what might disappoint you.
Tag "401k"
Here things get a little familiar for companies with pre-existing stand-alone 401k plans (but may need to be discovered by those without plans).
If plan sponsors assume things can return to the pre-Covid normal, they risk exasperating existing problems. Theyâre there and cannot be ignored.
The biggest issue when it comes to access is cost. Itâs not just the plan sponsorâs sensitivity to higher costs. Itâs the service providerâs ability to keep those costs low.
In the end, this all comes down to one final concern, and itâs one that is typically not even considered.
Here’s something you don’t always see, but maybe you should.
This has long been demanded of fiduciaries. Nearly two centuries ago in Harvard College v. Amory, the Massachusetts court promulgated what has become known as the âprudent man rule.â
Before you start to panic, take a deep breath and relax. The retirement savings industry is an aircraft carrier. It canât turn on a dime.
Sometimes when you try your best, you still miss something important. And that could be the most dangerous miss you make.
Today, the understanding of conflict-of-interest fees goes well beyond plan sponsors. Individual investors also understand how they can act as a better fiduciary for their own personal investments.
