There’s a perverse incentive working here, however. The more aggressive a plan sponsor gets in terms of promoting “financial wellness,” the more likely that plan sponsor will accidentally cross some compliance line.
Tag "Jay Zigmount"
![Dull, Exclusive, & Generic: Why 401k ‘Education’ Fails To Address Financial Literacy And How To Fix It](https://fiduciarynews.com/wp-content/uploads/2022/04/money-matters-1173124-660x395-1-505x306_c.jpg)
![401k Fiduciary Focus: How Does Risk Tolerance Harm Retirement Savers?](https://fiduciarynews.com/wp-content/uploads/2022/02/allalin-horn-1-1382334-660x395-1-scaled-505x306_c.jpg)
What would it take to realize the fiduciary liability of overtly using “risk tolerance” metrics? And what can 401k plan sponsors do about it?