Today, the understanding of conflict-of-interest fees goes well beyond plan sponsors. Individual investors also understand how they can act as a better fiduciary for their own personal investments.
Tag "plan participant"
If you are responsible for 401k participant education or in any form of employee-based financial literacy program, you may want to adopt methods used by others who teach adults.
Perhaps the first option to focus on is that one that involves âpaying backâ or ânot paying back.â The rules, while straightforward to financial professionals, may be less apparent to retirement savers.
Plan sponsors â or, more specifically, the companies plan participants work for â may be placing employees in a far greater cyber-vulnerable position than they realize.
401k plan sponsors can’t afford to fall victim to the lure of heuristics. Index funds can generate just as much fiduciary headaches as actively managed funds.