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.
6 New Year’s Resolutions to Avoid 401(k) Fiduciary Frustration
New Year’s resolutions typically don’t stick, but plan sponsors should double their efforts, or it could cost them—dearly.…
Fred Reish: More on What ‘Best Interest’ Really Means (In the Real World)
In my last two posts (Bests No. 9and No. 10), I discussed the definition of the Best Interest standard…
Ten Litigation Lessons for 401(k) Fiduciaries
401(k) and 403(b) plan litigation is not going away. If you are a plan fiduciary looking to avoid…
Is the Fiduciary Standard Being Dismembered or Strengthened?
Join Fi360's Blaine Aikin and Duane Thompson as they discuss the Fiduciary Standard Update and its impact on investment advice.
Missing Participants and Fiduciary Responsibilities: A Risk for TPAs
The Department of Labor (DOL) is aggressively investigating the practices and procedures of plan sponsors with respect to…
9 Issues 401(k)s May Face in 2019—And What to Do About Them
Advisors, sponsors and participants, lookout. In an era when Americans are responsible for funding their own retirement through…
Labor Secretary Acosta Under Fire for Sweetheart Pedophile Deal
Update per McClatchy: Trump labor secretary out of running for attorney general after Miami Herald report. Labor Secretary Alexander Acosta…
Fred Reish: What Does Best Interest Mean . . . In the Real World?
Previously, I’ve discussed different definitions of a “best interest” standard of care. The point is that, while there…
House Introduces Major Tax, Retirement Savings Legislation
Lame duck legislative action late Monday produced a 300-page package designed to positively impact Americans’ retirement savings and…
A Simple Recipe for Minimizing 401k Lawsuits
A recent paper issued by the Center for Retirement Research documents the surge in 401(k) litigation over the…