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.
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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.
There might be a there, there. It could be that TDFs have an Achilles’ Heel that leaves them vulnerable.
When is a “problem” not really a problem? And what can be better than success, even if no one knows about it.
The mistaken promise of participation may have an all-too-familiar ring to corporate retirement plan veterans.
Most 401k investment menus retain the “style box” mentality of the 1990s. Who doesn’t have a kitchen from the 1990s that they don’t want to remodel? Your 401k investment menu is no different.
Solving a political meme does not solve the problem.
Long viewed as stand-alone and separate benefits, smarter plan sponsors are now viewing 401k/HSA combination as a single broad integrated solution.
These Five Developments Dramatically Changed the Retirement Fiduciary World in 2016
In a year that was marked with uncertainty, the biggest development of 2016 might be that it just didn’t matter.