This Guide explores fiduciary obligations under the ERISA, the role of the investment fiduciary under ERISA Section 404, and how some advisors? actions are now being challenged as unlawful in class action litigation.
This guide begins with a look at why conducting a 401(k) or 403(b) recording keeping vendor search may be necessary to satisfy several of a plan sponsor's fiduciary duties under ERISA, followed by a discussion of the numerous practical benefits that result from a thorough vendor search.
A plan sponsor resource breaking down SECURE 2.0 by effective date.
Download our guide to help understand what the Employee Retirement Income Security Act (ERISA) (and similar state laws) requires for retirement plans, how committees have typically functioned, and how committees will need to function to be successful and sustaining for years to come.
We believe there are six areas where recordkeeping vendors have tried to monetize their relationship with retirement plans. This plan sponsor guide focuses on the fourth way of generating excess revenue ?ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ???????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ??????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ???ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ??????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ??cross-selling retail financial products. For plan sponsors, it is important to understand how recordkeepers cross-sell retail financial products and what the plan sponsor?ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ???????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ??????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ???ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ??????ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ?ĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂÄÂĂÂÄÂĂÂĂÂĂÂÄÂĂÂ???????s obligation is to reduce or eliminate such cross-selling.
This discussion guide is intended to help facilitate a retirement plan committee's review of the primary services offered by their recordkeeper(s).
When it comes to conducting manager selection, it is the things unseen that are the key to having confidence in the manager's ability to outperform in the future. This short resource guide provides a look into how we conduct our investment manager due diligence.
Our Fiduciary Education for Your Retirement or Investment Committee resource walks through the importance of continued fiduciary education for current and new committee members.
Our "Best Practices for Managing a Retirement Plan Committee" plan sponsor resource walks though the most important items to address and follow in items in running and managing a retirement plan committee.
Our retirement plan vendor conflicts resources help you identify, monitor, and avoid any conflicts with your plan's service providers + a worksheet to assist in asking the right questions about potential conflicts.
Download our reporting to the board plan sponsor resource for a deep dive into what information needs to be reported to the Board + much more.