“I see the greatest exposure in not being clear as to what the fees are and what they are for.”
Tag "ERISA"
Until communication education becomes generally accepted and standardized, it may be safer to rely on an Annual Education Program rather than an Education Policy Statement.
“MEPs are less susceptible thanks to their size and their often use of multiple providers.” “MEPs really are a great solution for employers, especially small employers.”
It’s clear behavioral finance and economics studies will continue to define the leading edge of 401k design and implementation.
Borzi: “…the average person would prefer to work with people who are legally required to provide unbiased investment advice and put the client’s interests first.”
“The ultimate goal of a 401k plan is to maximize the participants’ retirement readiness.”
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 9/20/13
Would you trust the gov with your retirement? Would you trust a non-fiduciary with your retirement? Would you trust someone who obscures fee disclosures with your retirement?