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.
‘Professional Fiduciary’ Indicted for 401(k) Fraud, Embezzlement
Alleged husband and wife grifters Jeff and Wendy Richie were indicted Wednesday for fraud and embezzlement related to…
Broadridge Adds Fi360 Fiduciary Scores, Boosts Transparency
In response to what it says is customer and industry demand for greater fiduciary transparency, Fintech powerhouse Broadridge…
The Ins and Outs of ERISA Fiduciary Insurance
Fiduciary liability insurance shields sponsors and fiduciaries from ERISA claims, covering errors, omissions and exposure risks.
Fred Reish: Best Practices of Good 401(k) Processes
Previously, I discussed the Sacerdote v. New York University case and the “bad” and “good” behavior of committee members.…
Fred Reish: Court Rules in 401k Fiduciary’s Favor
As I previously discussed, the Court’s opinion about the case of Sacerdote v. New York University pointed out the deficiencies in…
Fidelity Faces Second 401(k) Lawsuit From Employees
Fidelity 401(k) lawsuit alleges mismanagement, excessive fees, and losses costing employees millions in retirement savings.
More Solutions Simplify Small-Biz 401(k)s
Small Business 401(k) solutions from MassMutual offer affordable pricing, fiduciary support, and turnkey plans with Aviator and Aviator Pro
How to Get a ‘Fiduciary Immunization’ Shot in the Arm
Any advisor who isn’t intimately familiar with (at least) the term “fiduciary” has been living under a rock…
Fred Reish: DOL Wants to Audit …Now What?
It’s always unpleasant when a TPA gets a call or a letter from the Department of Labor (DOL)…
How Well Can You ‘Follow the Flow’ of Money in 401ks?
As many plan fiduciaries can attest, retirement plan fees can be extremely complex and difficult to understand. This…