"When Fidelity restricted third-party advisor access to employee retirement accounts in late 2024, citing cybersecurity concerns, the move caught plan sponsors off guard. The nation’s largest 401(k) provider had made a unilateral decision that directly affected how participants could work with their chosen financial advisors. Charles Schwab soon followed. Now HR leaders face a critical question: Who bears the fiduciary liability when recordkeepers impose restrictions that employers never authorized?"  MORE >>