When too many moving parts are introduced at once, decisions slow down. Employers may delay action while trying to understand their options, or they may default to inaction when the path forward is not clear.
Tag "plan design"
The broader plan-design conversation, including “Beyond Auto-Mania,” shows a shift from simple auto-features to guided, retirement-readiness approaches. That trajectory supports treating embedded income as part of a holistic, user-friendly design rather than a fringe option.
This week is all about those wayward 401k features that are well beyond their expiration date. Careful, though. In the process, you’ll see what’s garbage to one is a work of art to another.
It’s not as if this “surprisingly secret” formula has run its course. The equation is so timeless, so simple, that it continues to work for those who have the disciple to follow its rules. Still, can today’s workers see this work for them?
The proliferation of investment options promised participants a plug-and-play plan. In the process, it created a 401k Frankenstein monster of a mess.
These are fundamental in nature. They are necessary prerequisites for 401k plan sponsors to fully inculcate themselves with more complex topics.
MEP Fever and Carly Simon sings “Fiduciary” (to the tune of “Anticipation’).
More regulatory silliness, Son of Fiduciary? and Looking for Mr. Low-Fee Bar.
Foreign Collusion, SEC Skeptics, and Investment Fads.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 1/11/19
Potpourri, a fiduciary surprise, and “Out of Date” (Part Deux).