One of the most critical building blocks to a successful retirement plan is the fund line-up. Determining exactly which investment options to select, and the process by which a plan sponsor monitors these funds, has a meaningful impact on a participant’s ability to accumulate retirement assets over time. It also helps the plan sponsor fulfill ERISA’s fiduciary mandate to be prudent. Unfortunately, conflicts of interest from service providers can impair a plan sponsor’s ability to make good decisions when undertaking this critically important responsibility. The easiest way for a plan sponsor to this avoid this issue is to hire a retirement plan specialist to provide objective, conflict-free investment advice to the plan as an ERISA 3(21) or 3(38) fiduciary.
Click on the link below to learn about an 11-year research study suggesting that bias exists when plan sponsors rely on the investment suggestions of retirement plan providers with proprietary mutual funds.
Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.