Since actively managed funds have lagged index funds, does this case put their continued use in ERISA plans at risk?
Tag "investment option"
On the face of it, American Airlines seemed to follow its documented process. So, what did the company do wrong?
The root of these broader fiduciary concerns lies within the domain of compliance. Everything derives from what the regulators require, what any DOL audit might look at, and what might pique the interest of class-action attorneys.
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.
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.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 7/22/16
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