The Frugal Fiduciary Blog

401k Fiduciary Outsourcing: Does it Actually Increase an Employer’s Fiduciary Liability?

Posted by Eric Droblyen on Sep 9, 2015

Last month, the DOL held 4 days of hearings regarding its proposed fiduciary rule. During these hearings, service providers, industry groups and academics shared their thoughts regarding the DOL proposal. Some of the most colorful testimony was given by Don Trone, a man some people call the “Father of Fiduciary.”

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Topics: ERISA 3(21) Investment Advisor, 401k fees

Is Conflict-Free Investment Advice More Expensive than Conflicted Advice?

Posted by Eric Droblyen on May 20, 2015

Critics of the DOL’s proposed fiduciary rule, also known as the "conflict of interest rule for investment advice," argue that the rule will make investment advice too costly for many 401k plans. If the critics are right, this issue would be a compelling reason to scuttle the rule – studies have shown that professional advice can help 401k participants increase investment returns. An Aon Hewitt study found that median investment returns for 401k participants using target-date funds, managed accounts and other investment advice were 3.32% greater than returns earned by participants that picked investments themselves.

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Topics: ERISA 3(21) Investment Advisor, 401k fees

Hiring an ERISA 3(38) Investment Manager can be the simplest way to limit 401k investment liability.

Posted by Greg Carpenter on Oct 15, 2014

401k Investment Liability
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Topics: ERISA 3(38) Investment Manager, small business retirement plans, 401(k) Investments, 401k blog, ERISA 3(21) Investment Advisor, small business 401k, 401(k), Investment Policy Statement (IPS)

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