DOL
Five Favorite 401k Features We Can’t Live Without
This week we’ll be focusing on those favorite features as judged by the retirement plan professionals we interviewed. Don’t be surprised if over the next few weeks you discover that one provider’s treasure is another provider’s trash.
What Professional Fiduciary’s Really Think Are 401k Plan Sponsors’ Biggest Challenge
The root of these broader fiduciary concerns lies within the domain of compliance. Everything derives from what the regulators require, what any DOL audit might look at, and what might pique the interest of class-action attorneys.
Is ESG Investing A Problem For Fiduciary Duty?
The Biden Rule, like the Trump Rule, does not encourage or discourage the use of ESG criteria when selecting investments. This allows fiduciaries to either adopt ESG principles or ignore them.
Deemed IRAs—Did SECURE Act 2.0 Kill Them or Give Them a Boost?
It’s critical that plan sponsors consult with compliance professionals before adding the Deemed IRA feature.
Have The DOL’s Fiduciary Efforts Made Things Worse?
Let’s not just blame certification providers. Government agencies responsible for monitoring and enforcement are also responsible for market confusion and the dilution of the “fiduciary” standard.
The 401k’s Past Is Not Its Future
The story arc of the 401k mimics that of software. Each release adds to and builds on features and benefits over and above those of previous releases.
Will DOL’s New ESG Fiduciary Rule Change How 401k Plan Sponsors Pick Investments?
Unlike previous definitions, this version takes a definitive step towards allowing plan sponsors to forgo traditional financial measures. Rather than relying on extensive academic studies, this new Rule represents a certain leap of faith.
Orphan Accounts Pose Fiduciary Liability To 401k Plan Sponsors
There is an out, of course, but that might eliminate the so-called “institutional pricing” advantage former employees have for staying in the plan in the first place.
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