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Posts Tagged: Fiduciary
The Unintended Consequences of Too Many Choices
by Kathy Duffy, on 09.21.2016As consumers, we usually see choice as a good thing. But there can be unintended consequences when there are too many choices. It is common to prefer to have a lot of options to consider when making purchasing decisions. Part of the reason for this is psychological. We fear making a…
It’s Labor Day—Is Your 401(k) Working Hard?
by Kathy Duffy, on 08.30.2016Since 1894, the first Monday in September has been reserved as a federal holiday to recognize the contributions of American workers. Labor Day has traditionally celebrated the hard work, dedication and innovation that Americans in all occupations have shown in making our country what it is today. It seems…
Prepare in Advance for an Audit
by Kathy Duffy, on 08.15.2016The potential for an audit is a fact of life for retirement plan sponsors. Audits can be conducted by either the Internal Revenue Service (IRS) or the Department of Labor (DOL). They can’t really be avoided—but you can prepare in advance for an audit. Incorporating a process of prudence…
A Fidelity Bond or Liability Insurance?
by Kathy Duffy, on 08.05.2016With a wave of class action lawsuits sweeping the retirement plan industry, many plan sponsors and fiduciaries are looking at solutions that can help protect themselves and their companies from costly liability. Protection for plan sponsors and fiduciaries generally comes either from ERISA fidelity bonding or fiduciary liability insurance. Both…