5. How Much Do You Really Know About Avoiding Fiduciary Liability? If you are a plan fiduciary, then under the Employee Retirement Income Security Act of 1974 (ERISA), fiduciaries can be held personally liable for losses to a benefit plan incurred as a result of their alleged errors or omissions or breach of their fiduciary duties. It is a tough law aimed to make plan fiduciaries responsible for the advice they give because the financial assets affected by their advice will effect a lot of people…Continue Reading
4. The Sooner You Know About SEC’s Newly Proposed Rule the Better. With the DOL’s Fiduciary Rule seemingly gone, what’s next on the block for fiduciary regulation? The Security and Exchange commission has been planning its own fiduciary rule and regulation rehaul as well. So now that the Federal Register has published the SEC’s proposed reform to investment advice policy, we have a better idea of what could be in store. Let’s break down what the SEC is proposing for its own “fiduciary rule and interpretation”…Continue Reading
3. 13 Questions Retirement Plan Advisors Should Ask Plan Sponsors. Does your current adviser have any conflicts of interest with the plan investments and/or did they tell you? How educated are your participants about what they are actually invested in? What level of planning does your current advisor provider to your participants?…Continue Reading
2. The Ultimate Guide: Becoming an Expert on 404c Safe Harbor For Your Plan Sponsor. Clients Do You Really Qualify For 404(c) Safe Harbor From Liability? 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 do you obtain that protection? We will focus on the Investment Menu Requirements section of the 404(c)…Continue Reading
1. 3 Must Have Tools To Grow Your 401(k) Business Growing your 401(k) business is about delivering value, plain and simple. If you demonstrate unique value in your proposal by optimizing costs and benefits of a retirement plan, then you can easily justify your fees. But what do you with that great analysis when CFO doesn’t respond?…Continue Reading
