401(k) Fridays Podcast

A Misunderstood Fiduciary Risk in Your 401(k) Plan

Informações:

Synopsis

Episode Summary Conflicts, compensation and reasonableness, what do these three words have in common?  Ok, I ‘ll let you off the hook, these are the key issues at the heart of roughly 90% of the recent 401(k) litigation according to my guest, Jason Roberts ERISA Attorney and Founder of the Pension Resource Institute and the Retirement Law Group.  Jason has been repeatedly recognized as one of the “100 Most Influential in Defined Contribution” by the 401(k) Wire and a “Rising Star” by SuperLawyers Magazine.  To help employers with those three issues, this episode drills into selecting and monitoring 401(k) service providers, a key fiduciary responsibility and one that is often misunderstood by plan sponsors.  Jason shares strategies to determine fee reasonableness in light of the value, six open ended questions to evaluate service providers and unique insights such as low cost at all cost might not be the best fiduciary protection strategy.  Finally, be sure to stick around for when he alludes to a criminal la