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.
The Emperor Has No Clothes: Wealth Management’s Risky Push Into 401(k)s
As wealth managers increasingly eye 401(k) assets, Bob Foster says fiduciary rigor can’t be optional
Trump’s Private Equity 401(k) Push: 12 Legal Views
A roundup of key insights from law firms in the wake of the Aug. 7 Executive Order
8 Must-Answer Questions Before Your Clients Add Private Equity to Their QDIA
Before your plan sponsor clients rush to add private equity to their default fund, here are eight make-or-break questions you need them to answer - with the documentation trail that will protect both of you when the lawyers come calling.
Gomez Reveals Fiduciary Red Flags that Catch DOL’s Eye
Keynote session at Qualified Plan Fiduciary Summit also features Fred Reish warning about forfeiture lawsuits
UnitedHealth Group Agrees to Historic $69 Million 401(k) ERISA Settlement
Amount believed to be largest ever for an ERISA case about poorly performing investment options in a 401(k) plan
EBSA Updates Cybersecurity Guidance for Plan Sponsors and Fiduciaries
New Compliance Assistance Release confirms agency’s 2021 guidance applies to all ERISA-covered employee benefit plans, including health and welfare plans
6 Steps to a Strong Missing Participant Policy
Retirement Clearinghouse’s Tom Hawkins shares keys to building a policy that will fulfill a plan sponsor’s fiduciary duty
The Latest Changes Made to the DOL’s Final Fiduciary Rule
Among the revisions in the DOL final rule includes omitting one aspect of the three-part test
401(k) Fiduciaries Put Defaulted Participants at Great Risk when they Cross this Bright Red Warning Line
Ron Surz says 401(k) fiduciaries choose the risk for defaulted participants, and in doing so unwittingly step over a bright red line into excessive risk that jeopardizes lifetime savings of defaulted participants near retirement
2023 NAPA 401(k) Summit: What Do Plan Sponsors Really Want
CFOs and HR directors spoke on their workplace plans and what they need from plan advisors now