Fiduciary

ERISA, liability, fiduciary responsibility. Plan sponsors always have some form of Fiduciary status but they can share that responsibility with 3rd parties like plan advisers or other service providers. These adviser or providers can act as a 3(21), 3(38) or 3(16) fiduciaries. 3rd parties hired by plan sponsors are sometimes called co-fiduciaries.

Effective Retirement Plan Management Through Sponsor Education & Fiduciary Training

Education For Plan Sponsor Committee
Effective Retirement Plan Management Through Sponsor Education & Fiduciary Training Effective retirement plan management hinges on comprehensive sponsor education and fiduciary training to ensure compliance,...

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Longevity, Early Retirement Create Unique Challenges for Retirement Plan Sponsors

Problem Solution Buttons Show Answers And Guidance
As life expectancy continues to increase, employers are grappling with how to help their workers properly plan and save for longer retirements.  According to John...

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The Case for Professional Retirement Plan Fiduciary Services

Professional
Remember when managing a retirement plan was simpler?  Ah, the good old days.  Today’s retirement plan sponsors face an increasingly complex web of ERISA requirements,...

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RPA Aggregator Roundtable: Navigating a Radical Shift in Retirement

Aggregator Roundtable
At the seventh annual RPA Aggregator Roundtable, industry leaders tackled a transformative shift in the retirement space driven by three major trends: Scaling Advice: With...

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Bridging the Generational Gap: Adapting Retirement Planning for Changing Expectations

Bridge Private Wealth Retirement Planning
A seismic shift is occurring in the constantly shifting retirement planning space.  Plan sponsors and advisers now find themselves navigating dramatically varying expectations about retirement...

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Target Date Funds: The Key to Enhanced Retirement Outcomes

Target Date Funds (TDFs) have significantly changed the Defined Contribution (DC) retirement landscape, making retirement planning simpler.  TDFs allow individuals to invest in a single...

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Words Make All the Difference in Improving Participation and Outcomes

Open Enrollment
Canadian philosopher and media theorist Marshall McLuhan is famous for coining the phrase, “The medium is the message.”  His iconic observation suggested that the form...

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Drive Engagement in Financial Planning Meetings with Free Food

Financial Planning Meeting Free Meals
Drive Engagement in Financial Planning Meetings with Free Food If you’re an employer looking to increase participation in your financial planning meetings, consider offering free...

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Transforming 401(k) Plans Through AI

Artificial intelligence (AI) could transform the 401(k) industry in a way similar to the impact behavioral finance has had on retirement planning.  While the industry...

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Why Hire a Professional Fiduciary?

emergency savings account
Retirement plan sponsors often grapple with the decision to hire an outside fiduciary.  With regulatory scrutiny increasing in intensity and fee lawsuits continuing to proliferate,...

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