Reviewing the history of your 401k plan creates a foundation for a good fiduciary compliance review – but may reveal cracks that need to be filled in first.
Tag "plan sponsor"
You can count the most important areas 401k plan sponsors must address on one hand. Here they are.
Last week seemed a lot like 1968,… and not because mindless protesters were making the news.
As the fight shift from adopting a fiduciary standard to redefining “fiduciary,” we learn the fee-counters might be counting the chickens before they’re hatched.
First the bad news: The client isn’t always right. Now the worse news: If you listen to the client you’ve just bitten off a chunk of fiduciary liability. How did you get in this mess in the first place?
As economic news overshadows regulatory news, questions arise if the same political malaise eroding markets will soon also infect any possibility of moving forward with leveling the playing field on the regulatory front.
Having no idea what the fiduciary means, and worse, not caring, most IRA R/O investors are sheep heading for their (financial) slaughter. Not anymore, if the DOL’s Phyllis Borzi has her way.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 1/20/12
Focus this week on how to lower 401k plan sponsor liability and an early warning on the coming onslaught of poorly written mass media articles on 401k fees.