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.
Why it’s not a good idea to have your payroll provider be your 401-k TPA.
As a 401(k) advisor, it’s not uncommon to speak with plan sponsors who have used (or are considering) their payroll provider as their TPA. I don’t think that’s a good idea, and here’s one major reason why.
Retirement plans have a number of responsible fiduciaries,