Plan sponsors have a duty to monitor retirement plan advisers, but may be forgetting to request or research certain information.
Tag: ERISA fiduciary duties
Neal J. Shikes, The Trusted Fiduciary, and Andrew L. Oringer, Dechert LLP, discuss how establishing and documenting prudent methodologies to make all major decisions—i.e., showing a focus on only the economic interests of the plan participants—can be a key to how one carries out fiduciary duties.
From the recent fiduciary rule hold to modern, advanced technology, panelists examine how participant advice has widely grown in the past years.
The DOL views them as plan investments.