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.
Tag "liability"
The three standard flavors of ERISA fiduciary plus one special bonus.
Dedicated and disciplined savings is the best way to insure a comfortable retirement, and, after all, isn’t that what it’s all about?
“Advisers should be very scared of being implicated in the lawsuits that will happen.”
“A one-pager can really let the sun shine on the industry.”
Do you think the nature of those interests have changed since the plan was originally created? Has plan design changed accordingly?
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 8/21/15
Rethinking Retirement Policy, Fees that Matter, and Keeping Investment Simple.