Here’s where the greatest controversy of the new Rule, as with its predecessors, comes to a head.
Tag "Jack Towarnicky"
![401k Fiduciary Warning: This Is How The Supreme Court’s Chevron Decision Might Impact The Retirement Plan Industry](https://fiduciarynews.com/wp-content/uploads/2024/01/Chevron_Logo-crop-660x395-1-505x306_c.png)
To make the procedure more agonizing, the transition away from Chevron may feel like death by a thousand cuts. But the snail-like process of the courts has its benefits.
![IBM’s New 401k Match Policy Isn’t What You Think](https://fiduciarynews.com/wp-content/uploads/2023/11/match-devin-avery-ZsgPd6ovNag-unsplash-scaled-505x306_c.jpg)
Eliminating the match and investing a large portion of retirement savings in bonds creates a risk. It may cause the retirement savings to go down in flames.
![Retirement Pros Sound Off On DOL’s New Fiduciary Rule](https://fiduciarynews.com/wp-content/uploads/2023/11/Department-of-Labor-Frances_Perkins_Building-AgnosticPreachersKid-CC-BY-SA-3.0-via-Wikimedia-Commons-scaled-505x306_c.jpg)
This broader definition of fiduciary may impose a potential hardship on a segment of the retirement industry that has been trying hard to gain a foothold in plan infrastructure.
![DOL Approves Citi’s ‘Diverse Asset Program’ for 401ks—What Could Go Wrong?](https://fiduciarynews.com/wp-content/uploads/2023/10/113-pexels-george-becker-374918-660x395-1-scaled-505x306_c.jpg)
The DOL seems to use the same metric that it earlier employed in its statement on the Fiduciary Rule. Still, the Advisory Opinion is very precise in what it allows. Citi will have to tread carefully to not cross the line into the realm of fiduciary.
![Is There A Cure For Covid Caused 401k Leakage?](https://fiduciarynews.com/wp-content/uploads/2023/09/pexels-cottonbro-studio-3951628-660x395-1-scaled-505x306_c.jpg)
It’s clear, then, that there’s a problem. In order how to best come up cure for Covid-related leakage, we have to zero in on exactly when the trouble lies.
The Irony Of Taxing 401k Plans To Save Social Security
Worse, if the “alternatives” alluded to by the paper entail government backed programs like Social Security, this could have a debilitating impact on encouraging people to be responsible for funding their own retirement.