There’s not a sin in listening to radio shows sponsored by those selling gold and silver. It’s quite another thing to actually act on their “recommendation.”
Tag "Daniel Milan"
![Fiduciary Challenges For Merging 401k Plans](https://fiduciarynews.com/wp-content/uploads/2022/02/signs-1-1311570-660x395-1-505x306_c.jpg)
If you’re a fiduciary of the acquiring plan, you want to make sure you’re not burdened with any unknown liabilities. If you’re a fiduciary of the acquired plan, you want to make sure the merger process doesn’t introduce new liabilities.
![What’s Better Than a 401k for Solopreneurs?](https://fiduciarynews.com/wp-content/uploads/2021/06/laptop-1240909-660x395-1-505x306_c.jpg)
Just because you don’t have a fiduciary duty to other employees doesn’t mean you shouldn’t continue to think like a fiduciary.
![3 Reasons Companies Should Ditch Their Stand-Alone 401k And Join A 401k PEP](https://fiduciarynews.com/wp-content/uploads/2021/01/clock-and-money-on-the-weighing-scale-1154723-660x395-1-scaled-505x306_c.jpg)
In the end, though, you must remember the PEP is brand new. Not all offerings will offer the same advantages. Some may be designed specifically to forego one advantage to emphasize another.
![Do 401k MEP/PEPs Really Reduce Fiduciary Liability for Member Companies?](https://fiduciarynews.com/wp-content/uploads/2021/01/hand-1435333-660x395-1-505x306_c.jpg)
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).
![Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?](https://fiduciarynews.com/wp-content/uploads/2020/01/notebook-1525807-660x395-1-505x306_c.jpg)
There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.
![To MEP Or Not To MEP? That is the SECURE 401k Question](https://fiduciarynews.com/wp-content/uploads/2019/12/which-way-1549661-660x395-1-505x306_c.jpg)
It’s important to remember that the 401k MEP is just a vehicle. Whether they truly meet the objective of employees saving more for retirement and doing so effectively and efficiently comes down to execution.