The question now on the mind of every 401k fiduciary: Will the DOLâs new rule increase my personal fiduciary liability?
Tag "Department of Labor"
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?
SEC’s Mary Shapiro: âWhen it comes to 12b-1 fees, there is a need for more fundamental change than mere disclosure reforms and a name change.â FiduciaryNewsâ 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 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.
The DOL admits, due to the number of variables involved, there’s no easy way to calculate the fees and expenses paid by your 401(k) plan. You might be surprised who the DOL suggests trying to find the answers to the following ten questions from.
Worried while Washington fiddles? These three vital questions might just help you determine if today’s DOL ruling will increase your personal fiduciary liability.
Top Fiduciary Stories in 2009
The topsy-turvy 2009 provided some of the biggest fiduciary stories in years. Which do you think rates as the most important?