If you think the web of fiduciary duties is complex in a 401k plan that focuses on getting employees to save for retirement, imagine how much more intricate it becomes if the plan also has to cater to retired employees.
Tag "investment option"
The proliferation of investment options promised participants a plug-and-play plan. In the process, it created a 401k Frankenstein monster of a mess.
Camels, Clods, and Ostriches rule the week.
401k plan participant concerns come in three varieties: Those you know about and should do something about; Those you know about and shouldn’t do something about; and, Those you don’t know about and better do something about right now.
You must read these because everyone else is. And if everyone else is and you’re not, they’ll know more than you. Is that what you want?
SEC Clueless, fumbling fee professors back and investment option risk.
Senate aims to hurt retirement investors, dumbing fiduciary down and why annuities are bad.
How you can reduce choice without necessarily reducing choice.
The public votes out pension plans, the DOL slyly addresses the issue of too many 401k options, the 401k Fee War starts in earnest and investment options – can’t live with ’em, can’t live without ’em
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Government Resources
- DOL: elaws – ERISA Fiduciary Advisor
- DOL: Fiduciary Education Campaign: Getting It Right – Know Your Fiduciary Responsibilities
- DOL: Getting Ready for Changes In Filing Your Plan’s Annual Return/Report Form 5500
- DOL: Meeting Your Fiduciary Responsibilities
- DOL: Reporting and Disclosure Guide for Employee Benefit Plans
- DOL: Selecting An Auditor For Your Employee Benefit Plan
- DOL: Selecting And Monitoring Pension Consultants
- DOL: Tips For Selecting And Monitoring Service Providers For Your Employee Benefit Plan
- DOL: Understanding Retirement Plan Fees And Expenses
- DOL: What You Should Know About Your Retirement Plan
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/22/16
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