Browsing Tag
401(k) Fiduciary
172 posts
A 401(k) fiduciary is a person or entity responsible for managing a 401(k) plan in the best interests of its participants. Under ERISA, fiduciaries must act prudently, diversify investments, follow plan documents, and avoid conflicts of interest. This includes duties like selecting and monitoring investment options, managing fees, and ensuring compliance. Fiduciaries can be employers, plan administrators, advisors, or trustees. Failing to meet fiduciary responsibilities can result in legal liability and financial penalties. Their primary goal is to protect and grow employees’ retirement savings through responsible and ethical plan management.
‘Groundbreaking’ DOL Advisory Opinion for Citibank Provides ERISA Guidance
Opinion provides a road map for how a plan sponsor may voluntarily establish a program under which it pays expenses for diverse investment managers without being considered fiduciary in nature
New DOL Fiduciary Rule Under OMB Review; Gets Bashed by Insurance Trade Groups
While actual text of proposed fiduciary rule delivered to OMB late Friday won’t be made public for about a month, groups say it “will hurt working families’ ability to save for retirement”
New Retirement Plan Consulting Firm Launches ‘Bac(k) Office’ Solution
Just-launched Freedom Fiduciaries introduces new partnership model for financial advisors and broker dealers
Josh Itzoe’s Been Busy, and 401(k) Advisors are Reaping the Benefits
Former TAPO honoree Josh Itzoe is now spending his days helping other 401(k) advisors.
Wednesday is ‘3(16) Day’ to Celebrate Fiduciary Services
Pentegra designates March 16 as such to promote the value of a 3(16) fiduciary
John Hancock Launches New Fiduciary Product
“Signature Fiduciary Connect” to offer plan sponsors additional administrative support for workplace 401k plans
EBSA Hits ‘Pause’ Button on Dec. 20 Enforcement of PTE 2020-02
In response to industry concerns, new Field Assistance Bulletin 2021-02 pushes Dec. 20 deadline for compliance to Jan. 31, 2022
Help for Advisors in Advance of New IRA Rollover Requirements
With a December compliance deadline looming, Broadridge Fi360 today announced the availability of an enhanced Decision Optimizer software…
What Fiduciaries Need to Know About ESG: Broadridge Fi360 Conference
“There are a few topics that are more confusing than ESG within the context of retirement plans,” Mary…
‘Disappointing’ DOL Final Rule on ESG Investing Could Face Challenges
The Department of Labor says its final ESG rule released Oct. 30 “intends to provide clear regulatory guideposts…