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Active vs Passive Investments in a 401(k) Plan: Which Meets the Fiduciary Standard?

Greetings! I hope you had a wonderful summer.

While I took a short break from blogging, the debate over active vs. passive management—and which is more appropriate for your firm’s 401(k) lineup—was really ramping up online. This is surely in light of the DOL’s move to implement the highly anticipated Fiduciary Rule. 

Summary Plan Description: what is it? And what do plan sponsors need to know?

According to the Department of Labor, the Summary Plan Description (SPD) is one of the most important documents participants are entitled to receive automatically when becoming a participant of an ERISA covered retirement plan.

This is another legal obligation for the plan administrator—you must provide the Summary Plan Description to participants,