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Friday, October 23, 2020

Do You Really Qualify For 404(c) Safe Harbor From Liability? Summary: Under ERISA plan sponsors or advisors who exercise discretionary authority are fiduciaries with significant liability in case of fiduciary duty violation. Section 404(c) provides safe harbor protection fiduciaries in case plan participants experience investment losses. How

Below is your complete guide (with corresponding screenshots) to the 401kFiduciaryOptimizer 404(c) Diversification Report: [caption id="attachment_1519" align="aligncenter" width="1024"] Figure 1. 404(c)Diversification Report[/caption] Diversification addresses a plan lacking diversifying investments; it does not address overlap in the menu. It is based on adjusted similarity (the formula is right