In a Season of Traditions we proudly begin a new tradition, one in keeping with our mission to celebrate fiduciary (with a dash of mirth).
Tag "Congress"
Will the fiduciary standard go down with Obama? Will they finally pay attention to the 401k Fee ticking time bomb? And, when will they ever learn?
These next three months may prove a watershed for 401k plan sponsors as new rules will dramatically alter how 401k plan sponsors manage their companies’ retirement plans.
While the passage of Health Care Reform muted the market’s momentum in late March, the Goldman Sachs hearings proved the turning point. The folks on Main Street just lost 10% of their retirement savings in less than a month. You can’t blame Wall Street for that.
SEC’s Mary Shapiro: “When it comes to 12b-1 fees, there is a need for more fundamental change than mere disclosure reforms and a name change.” FiduciaryNews’ exploration of this hot potato reveals a surprising misconception.
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 BrightScope’s 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 2008’s 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.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 12/16/11
The battle of public pensions begins with an attack on the 401k as the 401k industry digs in its heels against the DOL Fiduciary Rule while many anticipate sticker shock from the looming Fee Disclosure Rule.