A SECURE Act Safe Harbor for Guaranteed Income in 401ks: Fred Reish
The SECURE Act amends ERISA to create a fiduciary “safe harbor” for the selection of the provider of…
Fred Reish: More on What ‘Best Interest’ Really Means (In the Real World)
In my last two posts (Bests No. 9and No. 10), I discussed the definition of the Best Interest standard…
Fred Reish: What Does Best Interest Mean . . . In the Real World?
Previously, I’ve discussed different definitions of a “best interest” standard of care. The point is that, while there…
Fred Reish: What Does ‘Best Interest’ Really Mean?
“Best Interest” has become part of the American lexicon …as an aspirational goal or a demanding standard—depending on…
Fred Reish: Best Practices of Good 401k Processes
Previously, I discussed the Sacerdote v. New York University case and the “bad” and “good” behavior of committee members.…
Fred Reish: Court Rules in 401k Fiduciary’s Favor
As I previously discussed, the Court’s opinion about the case of Sacerdote v. New York University pointed out the deficiencies in…
Fred Reish: A Baseline for Acting in 401k Participants’ Best Interest
The recent decision in the case of Sacerdote v. New York University is a classic story of the…
Fred Reish: What About Best Interest?
Let’s talk about the meaning of “Best Interest.” There are at least four best interest standards. (While “best…