It’s too easy for plan sponsors to get lost in the weeds when dealing with plan minutia. Yes, “the buck stops here” reality can overwhelm many. Delegation is the key. It’s also the Achilles Heel. This is where the magic word emerges.
Tag "Peter Gulia"
![‘Fiduciary’ Is The Best Practice 401k Plan Sponsors Can No Longer Ignore](https://fiduciarynews.com/wp-content/uploads/2024/07/checklist-1956737_1920-660x395-1-505x306_c.png)
![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.
![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.
![Exclusive Interview: Peter Gulia Explains Difference Between “Settlor” (Plan Design) And “Fiduciary” (Plan Administration) Functions](https://fiduciarynews.com/wp-content/uploads/2021/12/Gulia-Peter-ASPPA-660x395-1-505x306_c.jpg)
How do we design and administer retirement plans?