Featured Jobs
|
Director, Strategic Accounts and Channel Development July Business Services
|
|
Director of Regulatory Operations and Compliance PCS Retirement
|
|
Nova 401(k) Associates
|
|
EPIC RPS
|
|
Independent Retirement
|
|
Regional Sales Director-Mid Atlantic July Business Services
|
|
Daybright Financial
|
|
Spectrum Pension Consultants (part of Daybright Financial)
|
|
Regional Sales Director-Heartland July Business Services
|
|
Internal Channel Sales Team Lead July Business Services
|
|
Relationship Manager – Defined Contributions Daybright Financial
|
|
Stones River Consulting
|
|
Independent Retirement
|
|
EPIC RPS
|
|
Experienced Employee Benefits Attorney Shipman & Goodwin LLP
|
|
Daybright Financial
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
IBM 401(k) Participants Need Their Own 'Shadow' Fiduciary to Guard Retirement Benefits
Forbes; subscription may be required
[Opinion] Feb. 12, 2013
"The existing legal framework is, and has for decades been, failing participants in retirement plans of all stripes ([DB], as well as [DC]) ... [The author's] advice to IBM's 401(k) participants is that they establish their own 'shadow' 401(k) fiduciary, or retirement benefits guardian, whose role will be to vocally represent their interests solely.... The goal is to prevent an employer-retirement plan sponsor with infinite resources, assisted by expert advisors, and limited incentive to tell the truth, from using arcane devices to pursue its own objectives whilst workers are kept in the dark."
|
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |