"For ERISA plans, fiduciaries are responsible for all plan investment decisions, including participant decisions, unless they comply with 404c. [An] article from Fred Reish explains the attractiveness and requirements of 404c. You will note in that article that while sufficient information to allow participants to make informed investment decisions is required, participant education is not explicitly required. However, in testimony given by Mr. Reish arguing for improvements to 404c, he argues that general fiduciary provisions say that participants should be informed to make reasoned investment decisions for investing for retirement, and cites evidence that without education, participants are generally not informed."  MORE >>