The Fiduciary File

Board Members – You might be on the hook for more than you thought. Investment Committees and Boards of Directors as Fiduciaries of Retirement Plans. Recently, we met with the executive director of a non-profit organization to review the benchmark and fiduciary process analysis we performed on their 403(b) plan.  During our conversation, he paused, took …
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Am I really going to get sued if my 401k fees are too high? The financial news is not often “abuzz” with stories about the 401k industry.  In fact, The Department of Labor’s (“DOL”) fiduciary rule, one of the biggest pieces of landmark legislation related to qualified retirement plans, was passed in April of this …
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New DOL Fiduciary Rule – Butchers and Dieticians We were talking to a client last week and he asked about the new Department of Labor (“DOL”) Fiduciary Law he recently read.  We explained, in a nutshell, the new regulation requires all retirement plan advisors to put the best interest of the plan sponsor and the …
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401k sponsors – survey shows you might be missing the boat. A recent survey conducted by TD Ameritrade found 401k sponsors that utilize the services of a RIA are more likely to hold their fiduciary duties to a higher standard.  The survey findings indicate RIAs are more likely than brokers to provide services such as participant …
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