“That is one of the key weaknesses of the SECâs Reg BI. It allows brokers to claim they are working in an investorâs best interest without being held to a legal duty of loyalty”
Tag "404(a)(5)"
They say less is more, and nowhere is that more true than in 401k participant fee disclosure.
If fee disclosure is a disease, education is the cure.
Who needs fee disclosure when you have Jerry Schlichter?
The DOLâs new 401k Fee Disclosure Rule, while its effectiveness might be suspect, has empowered plan sponsors.
A warning is not the same as protection.
An excellent example of why you should never get your 401k news from the mass media, Bogle bungles Fiduciary Standard last stand, DOL issues participant fee guidance and more.
The Pension Plan NIMBY, putting the Fiduciary Standard in a compromising position and reinterpreting Fee Disclosure based on personal interests.
FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 7/26/13
Pension Ponzi run amok, rebooting 408(b)(2) and the folly of investment products.