In so-called 'open vendor' states, high-cost 403(b) plans may be side-stepped by turning to 457(b)s, explains plan-participant advocate Steve Schullo.
Steve Schullo's is working to shed light the awful shortcomings of K-12 403(b) plans.
Scott Simon of Prudent Investor Advisors argues the case for plan sponsors hiring a 3(38) fiduciary.
Will the DOL jerk the football away from those advocating for the fiduciary standard?
A leaked White House memo may have offended some in the financial-services industry, but resistance to a fiduciary standard should be causing more outrage, writes Scott Simon of Prudent Investor Advisors.
Prudent Investor Advisors' W. Scott Simon analyzes a series of agreements between a large insurance company and a K-12 school district.
Fiduciaries must temper investors' attraction to high returns, which can often result in the payment of unexpected taxes and exposure to unexpected losses.
The motivations under the non-fiduciary and fiduciary business models are vastly different, which results in the recommendation of quite different financial products for clients, writes Scott Simon of Prudent Investor Advisors.
It just doesn't stand up to scrutiny, writes Scott Simon of Prudent Investor Advisors.
Choice in the context of a retirement plan means something quite different to providers that aren't fiduciaries to a plan than to fiduciary plan providers.