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Experts in Personalized Retirement Plan Design & Administration

DC Plans Still Widely Targeted By Litigators

It may be a new calendar year for defined contribution (DC) retirement plans, but the professionals running them are still concerned with the same serious fiduciary risks that troubled the 401(k) industry in 2015. Source: Plansponsor.com

Key Article Quotations: 

“Fleckner warns that seemingly minor fiduciary breaches can get magnified into major headaches for plan sponsoring employers—especially large employers. For example, including a retail share class of a given mutual fund that is just a few basis points more expensive than the institutional share class can lead to tens of millions of dollars in settlement costs. In other cases, more “boring” sections of the investment menu have gotten sponsors in a lot of trouble.”

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