TITLE

Pilot to copilot: 401(k) plan sponsors may require co-fiduciary consultant

AUTHOR(S)
Sturmak, Bud
PUB. DATE
April 2009
SOURCE
Employee Benefit News;4/1/2009, Vol. 23 Issue 4, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the possible need for an independent fiduciary consultant in 401(k) plans. Proper management of plans is reportedly never an easy task for plan sponsors because it requires a specialized understanding of the subject. It is stated that forthcoming legislation will require plan sponsors to disclose detailed information on plan fees and performance to plan participants. The exposure of underperforming plan investment choices by such disclosures is also given.
ACCESSION #
37293226

 

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