The primary reasons for small businesses that you don’t offer 401k plans are cost, complexity, and liability exposure. The traditional 401k plan has a lot of baggage rolled to those areas. It’s complicated. It’s definitely not easy. For local business of 10 to 15 employees that have so many different things they have to deal with, they just aren’t in position to want to have to deal with the baggage with the 401k plan.
Tag "liability"
How much effort does it really take for ongoing monitoring of an index fund or a target date fund? And does that justify the fees advisers typically charge? And is this why the DOL inserted that reference in Q5 of the Fiduciary FAQ?
Compliance tug of war, John Oliver speaks, and a truce in the passive-active war.
The evolution towards more effective retirement planning is already underway, and many fiduciaries are breathing a sigh of relief because of it.
Truth revealed when no one is reading, much ado about fiduciary nothing, and silly talk for the silly investment season.
Don’t be surprised if this collective wisdom confirms certain instincts you have always possessed, drives a stake in the heart of a myth you’ve long embraced, and opens your mind to an idea you’ve never thought to consider.
More myIRA, SEC’s turn at Fiduciary, and rate hike worries.
Alts may be the all the rage, but are they really worth it?
Keeping the investment option menu simple not only increases the odds employees will retire in comfort, it also helps reduce fiduciary liability for plan sponsors.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 2/10/17
States of ERISA, fiduciary whirlwind, Fee Fear Factor, and targeting TDFs.