For all the rose-colored eyes that have a created a legend flawless certitude concerning memories of a time that never existed, pension plans simply can’t measure up to 401k plans.
Tag "Lawrence Starr"
![401k Plan Sponsors Must Be Wary Of Fiduciary Liability Associated With Bitcoin ETFs](https://fiduciarynews.com/wp-content/uploads/2024/01/bitcoin-4205661-Image-by-PIRO-from-Pixabay-660x395-1-505x306_c.jpg)
Plan sponsors need to think about it in these terms: Does it make sense to have a pork-belly ETF on a 401k investment menu? How about orange futures?
![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.
![Plan Sponsor Worries About 401k To IRA Direct Transfers](https://fiduciarynews.com/wp-content/uploads/2024/01/mime-covering-eyes-1906501-660x395-1-505x306_c.jpg)
The process of transferring assets is not without its own liabilities. The exact nature of the fiduciary risk depends on the nature of the transfer.
![The Dirty Secret About Collective Investment Trusts They Don’t Tell You](https://fiduciarynews.com/wp-content/uploads/2023/12/hidden-cat-pexels-pixabay-208849-660x395-1-scaled-505x306_c.jpg)
CITs can only be offered within the confines of a trust relationship. That means the plan itself might be structurally different than one that has an investment menu limited to mutual funds.
![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.
![What 401k Plan Sponsors Should Do About ‘Lost’ Participants](https://fiduciarynews.com/wp-content/uploads/2023/08/business-people-looking-at-empty-chair-2317975-660x395-1-scaled-505x306_c.jpg)
The DOL’s guidance on missing plan participants appears just as effective as its week 2012 Mutual Fund Fee Disclosure Rule. Yes, it’s there, but it has no viability. Still, that doesn’t mean 401k plan sponsors can ignore the issue, even if they have not lost participants.
![$4.3 Million Or $1.27 Million? What’s The Point Of Scary Retirement Projection Numbers?](https://fiduciarynews.com/wp-content/uploads/2023/08/watching-time-1238392-660x395-1-505x306_c.jpg)
The twist is this: The bad news is only a fraction of the people will be able to save $4.3 million for retirement because the average salary is too low. The good news is most people won’t need to save $4.3 million because, thanks to living on a low average salary, they are accustomed to spending far less.
Will These Be The Biggest 401k Fiduciary Stories In 2024?
If you have any experience in the retirement plan business, some predictions just write themselves. As in “an incredible feeling of déjà vu.”