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Industry Pros Comment On ERISA Advisory Council Draft Recommendations
Here the intent is to make it possible for a plan/IRA to apply the QDIA safe harbor to involuntary rollovers. But how will this impact plan participants?
How Professional Fiduciaries Can Help 401k Plan Sponsors
The tangled web of ERISA regulations grows worse each year. Is this too much for companies responsible for maintaining 401k plans?
3 ‘Must Do’ Practices To Become A Better 401k Professional Fiduciary
It’s tempting to turn your attention to your company, some academic theory, or even—hush!—“best practices.” The truth is, as a fiduciary, you only have one job.
Going Beyond Professional 401k Fiduciary Best Practices
This has been the most challenging of best practices. It has evolved over the years from “you can’t do that” to “you need to do that.” What does it take to make it better? Has the technology environment changed in such a way as to address long-standing obstacles.
Do 401k Plan Sponsors Really Believe These Reasons To Hire A Professional Fiduciary?
Here’s the real conundrum faced by 401k plan sponsors: They realize they don’t have the expertise to administer the plan. So, what do they do? It’s only natural they do seek outside help for their retirement plan. The trouble is, not all third parties are created equal. But does the average plan sponsor know this?
3 Ways Pooled Plans Free Up 401k Plan Sponsors’ Time
Not only do pooled plans reduced the administrative burden, but they can also reduce the fiduciary liability for 401k plan sponsors. If you’re not constantly looking over your shoulder, you can spend more time with your nose to the grindstone.
5 Reasons Bigger 401k Plans Are Better
Some costs can’t be negotiated. These relatively fixed costs are the same no matter the size of the plan. Bigger plans can absorb these costs over a larger asset base, meaning the per participant cost is lower.
The Fiduciary How (And Why) 401k Plan Sponsors Change Recordkeepers
The central role of the recordkeeper can create reverberations with other providers should the plan sponsor attempt to change recordkeepers. Any hiccup in the employees’ ability to manage their retirement assets can cause problems for plan sponsors.
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