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.

The CIT Takeover: What’s Driving the Shift in 401(k) Investing

Collective Investment Trusts (cits)
Collective investment trusts (CITs) are rapidly gaining market share in 401(k) plans, increasingly replacing traditional mutual funds.  Over the past 5–10 years—especially in advisor-sold retirement...

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Why Plan Sponsors Play a Critical Role in Retirement Readiness

Retirement Readiness
Improving employee retirement readiness begins with helping workers make informed financial decisions today.  When employees understand how their choices around saving, debt, and spending impact...

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When Employees Pause Retirement Savings: Time for Plan Sponsors to Get Involved

Motivate 401k Participants
Nearly 70% of employees are stressed about their finances and living paycheck to paycheck, according to PNC data cited in a recent Employee Benefit News...

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From Auto-Enroll to Outcomes: The Power of Day-One Guidance

Auto Enroll
In a world where auto-enroll is table stakes, real outcomes still hinge on intentional onboarding and a documented process.  That means giving new hires clear...

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Supreme Court Decision Lowers the Bar for ERISA Lawsuits Against Plan Sponsors

Erisa Lawsuits
A recent Supreme Court decision has changed the legal landscape for plan sponsors, making it easier for plaintiffs to file lawsuits over how plans do...

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Switching Retirement Plan Providers? Don’t Skip These Steps

Step 1
Changing retirement plan providers sounds straightforward.  Move from Provider A to Provider B, transfer the assets, and you’re done. But anyone who’s actually been through...

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Are Managed Accounts the Future of 401(k) Defaults?

Managed Accounts
As retirement plans evolve, so do the default investment options offered to participants.  Target date funds still dominate the market, but attention is shifting toward...

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Plan Sponsors Want More From Retirement Advisors, and Here’s Why

Financial Advisor
Plan sponsors want better retirement savings outcomes for their employees and are looking to advisors for solutions.  The disconnect between what participants need to save...

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