Unlike previous definitions, this version takes a definitive step towards allowing plan sponsors to forgo traditional financial measures. Rather than relying on extensive academic studies, this new Rule represents a certain leap of faith.
Tag "Kit Gleason"
![Orphan Accounts Pose Fiduciary Liability To 401k Plan Sponsors](https://fiduciarynews.com/wp-content/uploads/2022/11/Orphan-Albert-Gebhard-Public-domain-via-Wikimedia-Commons-660x395-1-scaled-505x306_c.jpg)
There is an out, of course, but that might eliminate the so-called “institutional pricing” advantage former employees have for staying in the plan in the first place.
![Should 401k Loans Be Allowed, Encouraged, Or Forbidden? A Fiduciary Perspective](https://fiduciarynews.com/wp-content/uploads/2021/11/holding-money-1315939-660x395-1-505x306_c.jpg)
Before you get all excited and look to replace your home equity loan with a 401k loan, you should consider these things.
![5 Uncommon 401k Plan Sponsor Mistakes That Shouldn’t Ever Happen](https://fiduciarynews.com/wp-content/uploads/2022/08/four-leaved-clover-1-1310138-660x395-1-scaled-505x306_c.jpg)
A few years ago, this might have been classified as a common “mistake.” Again, “mistake” is in quotes because this is less an issue for certain plans (usually small firms or particular industries) than others.
![Common 401k Plan Sponsor Mistakes That Are Easy To Fix](https://fiduciarynews.com/wp-content/uploads/2022/08/baldwin-fix-it-shop-2031727-660x395-1-scaled-505x306_c.jpg)
But this rookie mistake doesn’t bypass veteran plan sponsors. If they’ve grown too complacent with their plan, they may wake up one day to find out they’ve got a dinosaur on their hands.