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.
How to Establish a Strong Investment-Focused 401(k) Plan Committee
As a retirement plan sponsor, one of the biggest steps toward ensuring regulatory compliance includes establishing a committee…
What’s the Difference Between Fiduciary Insurance and a Fidelity Bond?
Plan administrators often ask me to explain the difference between a fidelity bond, which is required, and fiduciary…
Why 401(k) Committees Need to Take Meeting Minutes
It’s been said that the DOL and courts take the position that “if it wasn’t documented, it didn’t…
Why 401(k) Sponsors Must Be Given Authority in Plan Interpretation
In a sue first, ask questions later world, it’s never been more important for 401k advisors and their…
Securian Introduces 401(k) MEP for Small Businesses
Securian Financial unveiled a new product to help small- and mid-size businesses set up 401(k)s for their employees.…
The Value of 3(38), Model Portfolios and Other 401(k) ‘Tools’
Fiduciary best practices help 401(k) sponsors improve governance, compliance, and outcomes while staying ahead of regulations.
Securian Makes It Easier for Small Businesses to Offer 401(k)s
With American unemployment at its lowest rate since the year 2000—just 3.9 percent—employers of all sizes are finding…
What The SEC’s Proposed Rule Means For 401(k) Plan Sponsors
Anyone who hoped the Securities and Exchange Commission (SEC) might do the right thing and issue a uniform…
Dismissal Denied: 401k Case Against Edward Jones Will Continue
A federal judge has denied Edward Jones’ second motion to dismiss a case alleging ERISA violations by the…
Dallas-Based ‘Professional Fiduciary’ Sued After FBI Raid
Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary” and subject of an FBI raid in October…