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Top 5 FiduciaryNews.com Stories in 2019 for the 401k Plan Sponsor and Fiduciary
The articles that caught the greatest interest may indicate not only answers people seek but future directions they intend to go. Letâs take a look.
To MEP Or Not To MEP? That is the SECURE 401k Question
Itâs important to remember that the 401k MEP is just a vehicle. Whether they truly meet the objective of employees saving more for retirement and doing so effectively and efficiently comes down to execution.
Why Are We Seeing More Cases of âFear of Spendingâ Among Retirees?
Perhaps, just as plan sponsors have developed onboarding programs for new hires when it comes to saving for retirement, maybe they should add âunboardingâ programs as a bookend for those nearing retirement.
How to Address Top Fiduciary Issues for Trade Associations Sponsoring 401k MEPs
It appears all but certain the floodgates will soon open wide, unleashing a torrent of trade association sponsored 401k MEPs. If youâre looking for the trigger that will open those floodgates, here’s what you should be paying attention to.
401k Plan Sponsorsâ Fiduciary Obligation to Former Employees
Not being able to easily monitor how former employees apply these tools, however, can increase the fiduciary liability of plan sponsors.
5 Ways 401k Plan Sponsors Can Help Employees Nearing Retirement
You canât do anything about it if you donât know what the âitâ is you need to do something about. It is therefore important for plan sponsors to devote resources that increase employee awareness.
A New Way to Prepare Employees for Retirement Plays to 401k Plan Sponsorsâ Strengths
If plan sponsors can train their employees to use these same tactics for their retirement, theyâll be more likely to practice those tactics at work. And thatâs good for business.
The Hidden Danger of Over-Diversification: Why 401k Plan Sponsors Must Demand Fiduciary Advisers Teach Employees When Too Much is Too Much
The bottom-line is employees may be setting themselves up not only for failure, but for a costly failure. This is why itâs vitally important for employees to understand more than just the simple objective and class of the mutual funds they own.
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