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 "nevin adams"
![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.
![‘Forgotten’ 401k Accounts Study Criticized By Fiduciary Professionals](https://fiduciarynews.com/wp-content/uploads/2023/08/forgotten-1466432-660x395-1-505x306_c.jpg)
The challenge is plan sponsors often can’t determine if an account is forgotten until some triggering event. And by that time, it’s too late.
![Are TDFs A Ticking Time Bomb For The 401k Fiduciary?](https://fiduciarynews.com/wp-content/uploads/2022/10/Improvised_explosive_device_IED_-_bomb-660x395-1-505x306_c.jpg)
There might be a there, there. It could be that TDFs have an Achilles’ Heel that leaves them vulnerable.
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.”