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Insights

ERISA Fiduciary Standards: Pitfalls, Lessons and Best Practices

Posted by Sherrie Grabot, GuidedChoice CEO and Founder on Sep 12, 2018 10:33:06 AM

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“With great power comes great responsibility.” This solemn quote, originally uttered in a Spider Man comic, seems apropos to the duties employers must fulfill as retirement plan fiduciaries. As it implies, fiduciary responsibility should not be taken lightly.

So what, exactly, is fiduciary responsibility? In short, it’s the duty plan sponsors and fiduciaries have to protect the best interests of retirement plan participants, retirees, and their beneficiaries. 

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Topics: Fiduciary Duty, Fiduciary Responsibility, fiduciary best practices, fiduciary liability, fiduciary, For Business, Business Insights

The Benefits of Hiring a 3(38) Fiduciary for Your Retirement Plan

Posted by GuidedChoice on May 8, 2018 2:53:01 PM

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In recent years, the steady increase in investment-related litigation in the defined contribution (DC) retirement plan space (and the resulting headlines) has brought to light key questions about fiduciary responsibility. Namely, who is a fiduciary? If you’re a fiduciary, what is your role? How do you make sure you’re fulfilling your duties under the law? What are your liabilities? Is there any way to limit those liabilities?

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Topics: Business Insights, Fiduciary Responsibility, fiduciary liability, fiduciary risk, 3(38) fiduciary advisor

Retirement Investment Advice - 3(38) Fiduciary Responsibilities in 2017

Posted by GuidedChoice on Oct 19, 2017 9:10:31 AM

338 fiduciary blog-1-1.jpgIn 2016, the Department of Labor (DOL) released new rules that require increased levels of fiduciary responsibility affecting employer-sponsored retirement plans as of 2017. In a 

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Topics: Business Insights, All, fiduciary advisor, 3(38) fiduciary advisor, advisor ethics, fiduciary risk, fiduciary liability, participant advice, DOL Rule

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