Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
Regional Vice President of Sales The Retirement Plan Company
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Why the Fallout from a Yale Law Professor's Letters to 401(k) Plan Sponsors Remains Radioactive
RIABiz [Opinion] Aug. 1, 2013
"'PBS spent all of this time and the DOL has done all of these disclosures and it's all been a big yawn, but a Yale professor puts a stamp on 6,000 envelopes and the next thing you know it has started a tempest and you've got to tip your hat,' [said Greg Carpenter, CEO of Employee Fiduciary LLC].... Certainly those 6,000 envelopes put plan sponsors on an awkward footing. If they do nothing, they fear that an eager plaintiff's attorney could use the letters as evidence they were aware of their steep fees and chose to neglect their fiduciary duties."
|
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). |