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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.
Shocker (Not)! 401(k) Funds Not Always Launched with Participants in Mind
Mutual fund families often launch trendy products for the sole purpose, unsurprisingly, of attracting assets. A recent paper…
The ‘Secret’ to 401k Participant Success?
Consistency counts—who knew? A recent study finds the average 401(k) plan account balance of workers who contribute consistently increased…
5 Surprising Fears from a 401(k) Focus Group
Employer concerns retirement plans include auto-enrollment, costs, and state-run programs, according to a Pew Charitable Trusts study.
It’s National 401(k) Day!
Where did the year go? It might not have the taste of National Hot Cross Bun Day or…
4 Really Bad Findings from New 401(k) Study
Employees have no idea what they’re doing, and do not feel good about it. Robo disruptor Betterment for…
What is the ‘Core Purpose’ of a 401(k) Plan?
It might seem like a splitting of hairs, but 401(k) advisors will understand the significance. A large majority…
DCIO Growth Flatlines in 401k Space
Just how fast is the transition from asset accumulation to distribution (or decumulation) occurring? Growth in the defined…
Chevron Beats Schlichter in 401(k) Fee Lawsuit
Score one for the little guy, who in this case is Big Oil. In a possible sign of…
Empower Sued for Another Company’s 401(k) Mistake?
Safeway’s got some rotten produce—at least according to one of its 401(k) plan participants. In a clear example…
401(k) Confidence a Matter of Education, Not Resources
The link between understanding key retirement planning principles and retirement confidence holds true for people at all income levels.