Browsing Tag
401(k) Fiduciary Responsibilities
97 posts
401(k) fiduciary responsibilities are the legal obligations of those who manage a retirement plan to act solely in the best interest of participants. This includes selecting and monitoring plan investments, ensuring fees are reasonable, following plan documents, and complying with ERISA standards. Fiduciaries must act with care, loyalty, and prudence, avoiding conflicts of interest.
Plan Sponsors Spending Half Their 401(k) Time on Admin Work That Could Be Outsourced
New Pentegra survey released in conjunction with “3(16) Day” celebrating fiduciary expertise
DOL’s Walsh, Gomez Discuss New ESG Rule
A recent webinar discussed the impact of ESG factors with investment options and retirement security
Opinion: Are Oklahoma 401(k) Plans Helping to Destroy State’s Energy Business?
In this op-ed from Ok401k’s Terry Morgan, the author argues that many Oklahoma 401k participants may be unknowingly investing in companies that are against their best interest
ESG Adoption Growing, But Usage Still Anemic in DC Plans
Callan's latest ESG survey shows almost half of investors are incorporating environmental, social and governance factors into investment decisions, but just 13% of DC plans offer a dedicated ESG option
How to Deal with ‘Difficult’ 401k Committee Members: Wealth@wor(k) 2021
'These types of issues are more up-market than down-market, but as we all know, they are increasingly coming down-market'
Cycle 3 Restatement Deadline for 401k Plan Documents Approaching
While deadline looms July 31, 2022, now is the time to make sure plan sponsors are on track to rewrite, approve and adopt plan documents for “Post PPA” restatement cycle
KYC: 5 Common Retirement Plan Committee Traits
Different personalities and styles make for different retirement plan committee meetings, yet a survey by the Plan Sponsor Council…
8 Mistakes to Avoid When Administering a 401(k) Plan
Between helping patients and running their businesses, physicians are incredibly hard-working individuals. My own advisor practice is dedicated…
Retirement-Focused ESG Investing Bills Introduced in Congress
Two pieces of retirement-focused legislation intended to protect and increase sustainable investments were introduced in Congress this week…
Paychex is Latest to Introduce a Pooled Employer Plan
The “PEP” pool keeps growing. Paychex, Inc. announced Dec. 9 it will be among the first in the…