The question now on the mind of every 401k fiduciary: Will the DOLâs new rule increase my personal fiduciary liability?
Tag "401k"
Why wait until now to bring up the three-month old blog? The bigger question, however, remains, âHow should a 401k fiduciary analyze mutual fund fees?â
Many feel the DOL rightly reversed earlier rules that allowed for too many potential conflicts-of-interest. But, will any new DOL guidelines only encourage a âcookie-cutterâ approach, doing the investor more harm than good?
Sometimes something that appears too good to be true really is. Professionals have long known the potential pitfalls of ETFs. Only recently have these facts become more widely known. Donât be surprised if, like a tube of toothpaste, squeezing one problem away only creates a bulge in a different problem.
A typical 401k plan fiduciary has no doubt read about this new product. Fiduciary News goes deeper to reveal answers to some of the more critical questions the astute fiduciary might have about BrightScopeâs Personal Fee Report.
2009 exposed a much deeper problem with Target Date Funds. Pitched as the be-all-and-end-all to 401k investors, these funds fell flat on their collective face as 2008âs down market exposed them as more sizzle than steak. Washington might help, but a knee-jerk reaction to 2008 is not a good solution at all.
Awful returns suggest investors should have shunned equities during the centuryâs first decade. Or do they? A closer examination reveals a surprising conclusion, one that might upset the fastest growing segment of the financial industry.
Readers Select Top Fiduciary Stories of 2009: #10 The Death of the 401k
The year started poorly for investors, financiers and capitalists. At the nadir of the markets in March of 2009, it appeared the world they had known had ended. But, then, something happened, reminding us all that yes, Annie, the sun will come up tomorrow.