plan sponsor
What Do You Think Of These Auto-Enrollment/Auto-Escalation Trends?
Overall, nearly 1 in 5 companies still have not adopted auto-enrollment. There are common reasons why companies would not include auto-enrollment in their plans.
Five Fast & Fabulous 401k Fixes
Well, if we’re thinking outside the box, why not go big? It turns out, retirement planning isn’t just about accumulating sources of future funds.
What Professional Fiduciary’s Really Think Are 401k Plan Sponsors’ Biggest Challenge
The root of these broader fiduciary concerns lies within the domain of compliance. Everything derives from what the regulators require, what any DOL audit might look at, and what might pique the interest of class-action attorneys.
A 401k Plan Sponsor Fiduciary Puzzle: Are Low Fees High Risk?
You cannot understate the fiduciary aspect of lower fees. Most 401k plan sponsors, and especially those in smaller plans, don’t have the time or expertise to administer their company’s retirement plan. If they skimp on fees, are they also skimping on the fiduciary protection those professionals are supposed to provide?
Should 401k Plan Sponsors Teach Employees How To Create Post-Retirement Side Hustles?
Retirement plan sponsors may also benefit from teaching entrepreneurial skills to their employees. Such lessons could also provide employees with opportunities to begin to practice what they learned directly for their current employer.
401k Experts Believe These Are The Most Critical Fiduciary Priorities
Not only do you need to watch the place that holds all the money, you need to watch the pipeline that feeds the money there.
401k Plan Sponsor Fiduciary Fears Differ From Retirement Advisers Concerns
Documentation, due diligence, and other formal compliance matters are critical to reducing the fiduciary liability of 401k plan sponsors. But ultimately, they are responsible for safeguarding the assets of plan participants.
Orphan Accounts Pose Fiduciary Liability To 401k Plan Sponsors
There is an out, of course, but that might eliminate the so-called “institutional pricing” advantage former employees have for staying in the plan in the first place.
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