National Fiduciary Day Is Here

Today is an important day for fiduciaries. So was yesterday and so is tomorrow. Although we appreciate that any “National ______ Day” might bring awareness to the issue that fills in the blank, we’ve been talking over the last five days about the ongoing nature of...

Fiduciary Wellness Series: Part 5 of 5

Step 5 Toward Fiduciary Wellness: Participant Interests First Over the last few days we have talked about fiduciary wellness steps that could, at first glance, be considered to serve the primary purpose of mitigating fiduciaries’ risk. It is true that those steps...

Fiduciary Wellness Series: Part 4 of 5

Step 4 Toward Fiduciary Wellness: Vendor Benchmarking Much of the 401(k) plan fee litigation involves allegations of two distinct levels of unreasonable fees: (1) the plan’s investment options; and (2) recordkeeper/vendor fees. Concern about litigation is one reason...