Misplaced credit, Fiduciary Rule submitted, and more fee suits.
“I see the greatest exposure in not being clear as to what the fees are and what they are for.”
California’s lesson, 401k fee backlash and more silly academic suggestions.
If you give yourself some time to file an article you tend to be a little bit more thorough. It’s kinda like why “the fastest guns in the West” didn’t survive too long – they didn’t take the time to aim. This week’s news stories aimed well – and hit!
I wish we’d spend a tenth of the time we spend indoctrinating our kids about drug use and sex helping them understand the basics of money and investing.
These three issues linger like a ticking time bomb. They’re out there. They’re going to go off at some point. We just don’t know when. Plan fiduciaries need to get ready for them.
Where’s the best place for the 401k plan sponsor to go for free help on their fiduciary duties and responsibilities?
As usual, be careful about elixirs marketed as cure-alls. Personally involved in creating CITs in the early 1990s specifically to market to 401k plans, I’ll share my experiences with you here.