Browsing Tag
Fiduciary
613 posts
Being a fiduciary means acting on behalf of another person or entity and having a legal and ethical obligation to put their interests above your own. Essentially, a fiduciary is entrusted with the responsibility to make decisions and manage assets in a way that benefits their client, not themselves. This relationship is built on trust and confidence, requiring the fiduciary to act with utmost good faith, care, and loyalty.
Fidelity Ensnared in MIT 401(k) ‘Quid Pro Quo’ Allegations
Update: Comments from Fidelity and MIT have been added. Tort terror Jerry Schlichter is alleging bad math and…
Securian Financial’s Ted Schmelzle: Why Fee Compression Comes at a Price
Is fee compression absolute? Is it always better for 401(k) plan sponsors and participants, or do diminishing returns mean less is no longer more? Article Presented By: Securian Financial
10 Litigation Lessons for 401(k) Fiduciaries
401(k) fiduciary litigation is not going away. If you are a plan fiduciary looking to avoid (or win)…
Why MEP ‘One Bad Apple’ Correction Is An Illusion
The Department of Treasury has fulfilled its portion of the directive under Executive Order (EO)13847 by issuing its…
Danger! What to Avoid as a 401(k) Provider
It takes a lifetime to build a sterling reputation, one that can be destroyed in an instant. The…
Coal Miners Get the 401(k) Shaft
A perennial employee fear is that 401(k) deferrals will fail to be deposited in a timely fashion (if…
Major State-Sponsored Retirement Plan Launched
CalSavers, California’s automatically enrolled, state-run retirement plan meant to help over seven million Californians without access to a…
Simplifying 401(k) Fiduciary Processes and Procedures
Fee-based 401(k) advisors continue their march in the defined contribution space, and BidMoni wants to give ‘em a…
Fiduciary Breach Lawsuit Issues Explored: Active Versus Passive Investments
With more than 100 lawsuits filed against the fiduciaries of defined contribution retirement plans for breach of their…
Reg BI Bedlam: House Denies SEC Enforcement Funding
A last-minute amendment from Rep. Maxine Waters, D-California, attached to a routine appropriations bill, passed the full House…