by Robert C. Lawton | Nov 6, 2020 | Fiduciary Compliance, Plan Sponsor Insights
Do you know the difference between 3(21) vs. 3(38) ERISA fiduciaries – and which is the right one to hire? Outlined below are the differences and my thoughts on which version of fiduciary adviser each type of plan sponsor should hire.
by Robert C. Lawton | Sep 11, 2020 | Fiduciary Compliance, Plan Sponsor Insights
Outlined in this post are two examples of 401k fraud litigation, followed by steps plan sponsors and employees can take to protect against 401k fraud.
by Robert C. Lawton | Oct 19, 2019 | Fiduciary Compliance, Plan Sponsor Insights
As a 401k investment adviser who is also an Accredited Investment Fiduciary (AIF), I have worked with investment committees for decades. During that time, I have found the following three fiduciary responsibilities to be most important for every 401k investment committee.
by Robert C. Lawton | Oct 3, 2019 | Fiduciary Compliance, Plan Sponsor Insights
As an Accredited Investment Fiduciary (AIF), I am a retirement plan fiduciary compliance expert. Following are answers to the eight fiduciary questions I hear most often from employers.
by Robert C. Lawton | Aug 18, 2018 | Fiduciary Compliance, Investments, Plan Sponsor Insights
The difference in returns is huge for investors working with a fiduciary.
by Robert C. Lawton | Mar 30, 2018 | Fiduciary Compliance, Investments, Plan Sponsor Insights
Are you working with the right 401k investment adviser? Do you want to find out? Ask your adviser the following eight questions and then see how the answers compare with the generally desired responses outlined below.
by Robert C. Lawton | Feb 3, 2018 | Fiduciary Compliance, Plan Sponsor Insights
Are you following a prudent decision-making process in your 401k plan? Do you always put the interests of plan participants first when considering plan issues? After more than 30 years of working on the 401k plans of companies as large as Apple and as small as a new...
by Robert C. Lawton | Jan 20, 2018 | Fiduciary Compliance, Plan Sponsor Insights
Making sure you are paying reasonable 401k fees for your plan is one of your major fiduciary responsibilities as a plan sponsor — especially if you are using plan assets to pay 401k fees. This post shares best practices for managing fees in your 401k plan.
by Robert C. Lawton | Sep 19, 2017 | Fiduciary Compliance, Plan Sponsor Insights
As part of your fiduciary compliance responsibilities as a plan sponsor, you should regularly review the providers that work with your 401k plan.
by Robert C. Lawton | Jun 27, 2017 | Fiduciary Compliance, Investments, Plan Sponsor Insights
Although you aren’t required by law to have one, the investment policy statement is one of the primary documents the Internal Revenue Service (IRS) and Department of Labor (DoL) request when they visit employers for plan audits.