We want to focus on the type of “nevers” that, in the heat of the moment or humdrum routine of everyday life, fiduciaries can find themselves slowly sliding down that slippery slope towards. In fact, if, as you read these, you catch yourself muttering something about “there’s always an exception,” then you’ve just discovered where that slippery slope lies.
Tag "fiduciary"
These may not be the only rules, but they rank up there as among the most practical for fiduciaries and, in some cases, for any other professional.
FutureWorld of Retirement, The Zombie Fiduciary, and Treating Social Security Like a Bond.
Here’s the beginning of an operational definition of what it takes to be a good fiduciary (first of three installments).
On the face of it, there appears to be little room for debate. Upon closer examination, however, the specifics of particular circumstances can muddle things up. Would you like to see what we mean by this? Here’s what you get when you ask the experts whether or not a fiduciary can ever legally engage in self-dealing.
Would you rather have the nuts and bolts practical guide for what to ask or the theoretical questions that tend towards the philosophical? Most 401k plan sponsors are too busy for theory, that’s why they’ll prefer to focus on these questions.
Before one can advise investors, it’s critical one know what they’re thinking and understand why they’re thinking it.
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.”
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 8/24/18
Dependency downers, keeping it simple, and here we go again…