A few years ago, this might have been classified as a common “mistake.” Again, “mistake” is in quotes because this is less an issue for certain plans (usually small firms or particular industries) than others.
Tag "salary deferral"
Aside from pep talks and infusing it into their corporate culture, don’t forget that much of what is needed can be built right into the plan.
Retirement policy tide turning? Fiduciary “journalism”? and Does value trump fees?
Ten Tips to make those deferral rates soar!
The answer is all across the board – and, believe it or not, there’s a good reason for that.
We pay the monthly rent in dollars, not a percentage of our salary, so why doesn’t the industry speak of deferral rates in terms of real dollars instead of percentages?
The pendulum again swings in favor of the fiduciary standard as the DOL threatens to come after service providers regarding questionable fees. In the meantime, the battle between Modern Portfolio Theory and Behavioral-based solutions gets hotter.
FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 12/07/18
Tale of Two Public Policy Cities, Plato’s Fiduciary Cave, and Frankenstein’s Index Fund