fiduciary
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Department of Labor Investment Advice
- December 9, 2020
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
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Recently, the DOL sent to the OMB the proposed Fiduciary Advice Rule. An understanding of when a firm and its representatives provide investment advice and thus act as fiduciaries is important.
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Fiduciary Loan Regulation
- September 26, 2019
- Posted by: Jeff Atwell
- Category: Financial Plan, Resources
Plan leakage can be the result of participants terminating with outstanding loan balances. This leads to an important question for plan fiduciaries. If a participant is going to be terminated involuntarily due to a reduction in workforce or poor job performance, and the participant applies for a loan, should the loan be granted? Based on the content of the article we’ve attached, the fiduciaries of the plan could create a fiduciary breach by granting the loan to the participant.
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Discovering Fiduciary Problems: Questions to Ask
- March 27, 2019
- Posted by: Jeff Atwell
- Category: Resources
Recent years have seen a significant change in the way that qualified plans are managed. The resource you can download below offers Questions to Discover Fiduciary Problems, which can assist plan sponsors in evaluating potential improvements in the governance of their qualified plan.
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Plan Sponsor Responsibility – A Checklist for Engaging Fiduciaries
- July 12, 2018
- Posted by: Jeff Atwell
- Category: Resources, Uncategorized
If a plan sponsor decides to outsource certain responsibilities to a fiduciary there are many decisions to be made. Attached is a checklist designed to assist plan sponsors in evaluating what to outsource and what to retain.