Without conflict-of-interest fees like 12b-1 fees and revenue sharing, the world becomes a lot simpler for 401k plan sponsors and a lot safer for plan participants.
Tag "Paula Friedman"
Time constraints, compliance complexity, and costs impede the creation of 401k plans in smaller businesses.
If you’re a plan sponsor, it’s time to review how your plan measures up against these design elements. If you’re looking to become a plan sponsor for a new plan, consider whether or not you should include these design elements.
Keeping the investment option menu simple not only increases the odds employees will retire in comfort, it also helps reduce fiduciary liability for plan sponsors.
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?
In some distant future, what fossilized evidence of poor judgment will come back to haunt unsuspecting 401k plan sponsors.
