"Just as society learned to stop worrying if not love the bomb, this same Dr. Strangelove-like condition exists in the minds of many 401(k) plan sponsors. The notion of their fiduciary duties seems so terrifying, they chose to ignore it, pretending it's not even there.... [N]o single handbook exists -- nor can it ever exist -- that explains in a simple bullet list what fiduciary duties they will be held to.... Unfortunately, the 401(k) plan sponsor is held liable for the actions of every vendor, and -- here's the really difficult part -- it's hard to know what fiduciary rules (if any) apply to which service providers. That's because at least three different fiduciary standards exist: the traditional trust law variety; the ever-evolving SEC form; and, the much-maligned ERISA version."  MORE >>