For 401k plan sponsors and fiduciaries, this seismic events delivered out of the nationâs Capital on July 15 signals the start of significant changes in the way they operate their plans.
Tag "401k"
Why some target date investors should be furious, why expecting 401k plan sponsors to comment on a change they donât understand would be asking far too much and just see what he says about 12b-1 fees.
A handful of web-sites have sprung up offering useful information geared specifically to 401k plan sponsors and fiduciaries. These 10 past our test as the best.
These three issues linger like a ticking time bomb. Theyâre out there. Theyâre going to go off at some point. We just donât know when. Plan fiduciaries need to get ready for them.
These next three months may prove a watershed for 401k plan sponsors as new rules will dramatically alter how 401k plan sponsors manage their companiesâ retirement plans.
Whereâs the best place for the 401k plan sponsor to go for free help on their fiduciary duties and responsibilities?
If the DOL requires the 401k plan fiduciary to ignore a fundâs investment performance, but the SEC still requires funds to disclose that performance, which will 401k investors choose? More importantly, whoâs left holding the liability bag?
Will Congress, the SEC and the DOL upgrade the current fiduciary standard to the trust model used by bank trust departments so successfully for more than a century?
As usual, be careful about elixirs marketed as cure-alls. Personally involved in creating CITs in the early 1990s specifically to market to 401k plans, Iâll share my experiences with you here.
$16.5 million is a large price to pay for disclosure and due diligence a plan fiduciary can simply and consistently address. This may be the easiest action a 401k plan fiduciary to take to prevent the camel from sticking his nose under the tent.
