Until communication education becomes generally accepted and standardized, it may be safer to rely on an Annual Education Program rather than an Education Policy Statement.
Tag "plan sponsor"
The best interests of the 401k participants will always trump convenience and cost.
It’s clear behavioral finance and economics studies will continue to define the leading edge of 401k design and implementation.
Borzi: “…the average person would prefer to work with people who are legally required to provide unbiased investment advice and put the client’s interests first.”
Exposed as misleading as early as 1999, should 401k plan sponsors continue to risk increasing their fiduciary liability by condoning their use?
The DOL’s new 401k Fee Disclosure Rule, while its effectiveness might be suspect, has empowered plan sponsors.
There’s the usual reason people say to save in tax-deferred retirement plans, then there’s this, much sexier, reason.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 9/20/13
Would you trust the gov with your retirement? Would you trust a non-fiduciary with your retirement? Would you trust someone who obscures fee disclosures with your retirement?