Category: Trustee

Pay to Play or Go Home

As we get closer and closer to the applicability date of the fiduciary rule, the industry is starting to show its cards on how the rule will impact the landscape.  What’s still unclear is whether or not the rule will actually become applicable, see ACOSTA Getting Heat to...

Are Excessive Fees Our Only Concern?

As we have all read, almost every day it seems like large plans are being targeted for paying excessive fees, causing harm to participants by reducing their likelihood of achieving the best possible returns. These include accusations in several different areas. Some examples are misuse of the vendor’s...

‘(3)16 Services’ What’s an Advisor To Do?

Within the retirement services industry, we are all comfortable with the complexity of the requirements and services made available to clients.  However, we often forget (or ignore) that to our clients, what we consider to be fairly basic can be quite confusing.  This is understandable, since while this...

Show Me The Money

I don’t like to fear-monger.  So in the past when a plan sponsor or advisor tells me “only the big plans are being sued over investments,” I nod my head and say, “Yes, today that is true” and add there is a higher likelihood of a DOL/IRS audit...

The Directed Trustee Loophole

“On the one hand, fund companies are hired by plan sponsors – and required by law – to create menus that serve the interests of plan participants. On the other hand, they also have an incentive to include their own proprietary funds on the menu, even when more...