Here’s an inside look at what’s been making all those headlines the last few years, and maybe what might be making headlines in the next few years.
Tag "liability"
There are two strategic paths to use when it comes reducing liability. One approach occurs after the fact – after the target date funds are already in place. The other approach takes place before the target date funds are even placed on the 401k plan menu. Which is more reliable?
When retirement industry professionals talk about the impact of the 2006 Pension Protection Act, you might be surprised that this is what they conclude.
The need for 401k plan sponsors to increase their focus on their fiduciary duties and, specifically, execute strategies with can reduce their fiduciary liability, arises from this New Fiduciary Era in which we find ourselves. Fortunately, the path to implementing these strategies is well worn. It should be easy to accomplish.
It’s safer to assume you don’t know everything – and here’s a list that begins to define that everything.
Be wary of these regulatory plugs, marketing buzz, and investment fads.
Plan sponsors shouldn’t let these three common fee foibles expose them to unnecessary fiduciary liability.
“As more employees find their 401k accounts growing to more than one million dollars, there will be a greater desire for employees to gain greater control over their own future. Plan sponsors should become more aware of the consequences of providing these kinds of options and how best to mitigate the liability risk associated with them.”
Prolific ERISA attorney shares his views on the DOL’s Fiduciary Rule and the direction the industry is headed in.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 10/5/18
Compliance Do-Overs, Fiduciary Momentum, and “Free” lunches.