Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

To Fix a Broken Retirement System, We Must Lose Our Fear That We Cannot Succeed
ERISA Fiduciary Administrators LLCLink to more items from this source
Jan. 4, 2015
"Plan sponsors tend to recruit fiduciaries from far up the corporate 'food chain' where the candidates are the most proven, senior and financially literate executives. While this emphasizes competence, it does so at the expense of independence.... The history of 'excessive fee' cases teaches that the iconic notion of inside fiduciaries 'switching hats' as they deftly move back and forth across the fiduciary-settlor interface is an illusion.... The 401(k) industry can take a quantum leap forward by promoting a 'Best Practice' in which a plan's fiduciary committees include at least one outside, professional (unconflicted) fiduciary."

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 link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.