Why some target date investors should be furious, why expecting 401k plan sponsors to comment on a change they donât understand would be asking far too much and just see what he says about 12b-1 fees.
Tag "SEC"
The adoption of a universal fiduciary standard may greatly impact how their plans operate. You might be surprised to hear what industry insiders are saying about it.
These three issues linger like a ticking time bomb. Theyâre out there. Theyâre going to go off at some point. We just donât know when. Plan fiduciaries need to get ready for them.
If the DOL requires the 401k plan fiduciary to ignore a fundâs investment performance, but the SEC still requires funds to disclose that performance, which will 401k investors choose? More importantly, whoâs left holding the liability bag?
Will Congress, the SEC and the DOL upgrade the current fiduciary standard to the trust model used by bank trust departments so successfully for more than a century?
As usual, be careful about elixirs marketed as cure-alls. Personally involved in creating CITs in the early 1990s specifically to market to 401k plans, Iâll share my experiences with you here.
Why wait until now to bring up the three-month old blog? The bigger question, however, remains, âHow should a 401k fiduciary analyze mutual fund fees?â
SEC’s Mary Shapiro: âWhen it comes to 12b-1 fees, there is a need for more fundamental change than mere disclosure reforms and a name change.â FiduciaryNewsâ exploration of this hot potato reveals a surprising misconception.
The SEC does the right thing, and some 401k fiduciaries may find they’ve been doing the wrong thing.
Top Fiduciary Stories in 2009
The topsy-turvy 2009 provided some of the biggest fiduciary stories in years. Which do you think rates as the most important?