You cannot understate the fiduciary aspect of lower fees. Most 401k plan sponsors, and especially those in smaller plans, donât have the time or expertise to administer their companyâs retirement plan. If they skimp on fees, are they also skimping on the fiduciary protection those professionals are supposed to provide?
Tag "Lyle Himebaugh"
The Biden Rule, like the Trump Rule, does not encourage or discourage the use of ESG criteria when selecting investments. This allows fiduciaries to either adopt ESG principles or ignore them.
Retirees should think for themselves and what alternatives they have regarding their retirement assets. These arenât the same as they were when they were working.
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 âan incredible feeling of dĂ©jĂ vu.â