“Industry participants also argue that the rule transforms one-off transactions into fiduciary relationships in violation of the common law, but the common law of the states is divided on this, and there is a need for a federal standard regulating investment advice fiduciaries.”
Tag "plan sponsor"
![Exclusive Interview: Jerry Schlichter Says 401k Plan Sponsors Should ‘Peel The Onion’ On Fees](https://fiduciarynews.com/wp-content/uploads/2024/06/Jerry-Schlichter-2024-660x395-2-505x306_c.jpg)
![5 Tips For 401k Plan Sponsors To Improve Retirement Saving Outcomes For Employees](https://fiduciarynews.com/wp-content/uploads/2024/06/tool-box-1238793-660x395-1-505x306_c.jpg)
Plan sponsors ought naturally to know how the plan addresses the needs of their business, but do they really know how to tweak the plan to improve outcomes?
![7 Opportunities 401k Plan Sponsors Have To Improve Plan Efficiency And Effectiveness](https://fiduciarynews.com/wp-content/uploads/2024/05/eye-1435565-660x395-1-505x306_c.jpg)
This isn’t a compliance audit, it’s an operating efficiency audit. That covers plenty of ground, from technology to benchmarking the value offered by the service provider.
![How Can 401k Plan Sponsors ‘Trick’ Employees Into Saving More For Retirement?](https://fiduciarynews.com/wp-content/uploads/2023/10/halloween-pexels-toni-cuenca-619420-660x395-1-scaled-505x306_c.jpg)
In the spirit of the season, one might even think of this as “tricking” employees to save. Plans sponsors are already using these tricks.
![How 401k Plan Sponsors Encourage Employees To Save More For Retirement](https://fiduciarynews.com/wp-content/uploads/2023/10/save-money-pexels-maitree-rimthong-1602726-scaled-505x306_c.jpg)
Participation is one thing. It’s critical that retirement savers build on the momentum of participation and use that to increase the amount of dollars that get contributed to their article. How can plan sponsors facilitate this?
![How Can 401k Plan Sponsors Increase The Number Of Employees Who Participate?](https://fiduciarynews.com/wp-content/uploads/2023/10/Trophy-ariel-HkN64BISuQA-unsplash-scaled-505x306_c.jpg)
How strong an argument is there for auto-enrollment? Remember, the key feature of the 2006 Pension Protection Act was to encourage auto-enrollment. The SECURE Act has even stronger language.
![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.