How do you, as a 401(k) plan sponsor, know if you are receiving good investment advice from your 401(k) plan investment adviser? That question is more difficult to answer for plan sponsors than it is for individual investors. Plan sponsors need to be more concerned about process than performance in order to fulfill their fiduciary responsibilities.
It is not necessary for plan sponsors to offer the best performing funds in their 401(k) plans. Rather, you should be more concerned that the process used to select and monitor the investment options offered is compliant and sound. With that in mind, outlined below are ways you can tell if you are receiving good investment advice.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access