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.
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…
Amish Community Targeted in 401(k) Fraud
An alleged Ponzi scheme involving the Amish community is being called a “landmark” case of fraud—not for the…
Fred Reish: Better To Act BEFORE You Get Sued
401(k) fiduciary best practices help sponsors reduce lawsuits, ensure compliance, and protect plan participants effectively.
Quick and Easy Guide to the IRS 401(k) Loan Rules
401(k) administrators play many roles—including, often somewhat reluctantly, banker. In addition to all other duties, plan administrators are…
Fred Reish: Novel Compliance Approach to 401(k) Fiduciary Standard
In my last three posts (No. 9 and No. 10 and No. 11), I discuss the best interest standard of care and…
Fi360 Reinforces Stable Value Research with Latest Acquisition
Research nerds rejoice—Fi360 announced Thursday that it has completed an agreement with Blue Prairie Group to acquire the…
Is the Tide Turning in 401(k) Fee Litigation?
Given the number of investment and fee cases in the news, you would be forgiven for thinking that…
How to Harvest ‘Higher’ 401(k) Returns
Non-traditional asset classes can be the shiny new toys on the shelf. As a 401(k) advisor, when is…
Woodbridge Ponzi Scheme Judgment: Not Madoff-Big, but Still Hits Billion-Dollar Mark
Some eye-popping figures came out that Monday federal court ruling in Florida, where the Securities and Exchange Commission…
Are You a ‘Digital Fiduciary’? You’d Better Be
It’s not enough to examine investment products alone for (potential) inclusion in the retirement plan menu. Plan sponsors…