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The Duty of Prudence and the Net Cost of Investments

Fred Reish recently posted on his blog an article realted to fee disclosure and net cost of investments.  In the quickly changing world that is ERISA we strive to bring the latest news to our clients and prospects. Mr. Reish is widely considerd to be one of the foremost experts in the area of ERISA law and is always on the forefront of news that can help plan sponsors.

The Duty of Prudence and the Net Cost of Investments

by Fred Reish

 

 

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Are 401(k) Fees Making Companies Richer at the Expense of Workers?

Jason M. Breslow recently published a fantastic piece regarding the obstacles that can plaque plan sponsors as they try to offer a retirement plan to thier employees.  In his text Mr. Breslow talks about some of the same ideas that we at Carolina Wealth Management have been battling for years.  Additionally, Mr. Breslow had the opportunity to interview attorney Jerome Schlichter who has been fighting plan sposnors and plan providers on behalf of the participants.  The Employee Retirement Income Security Act (ERISA) requires plan fiduciaries, when selecting and monitoring service providers and plan investments, to act prudently and solely in the interest of the plan's participants and beneficiaries.

http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisis/retirement-gamble/are-401k-fees-making-companies-richer-at-the-expense-of-workers/

 

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401k Plan Sponsors Who Fail to Properly Evaluate Fees "at Risk"

Carolina Wealth Management, Inc. prides itself on providing educational material to our readers and clients.  We periodically post information we think may be beneficial to you or your company.  Today we would like to share an exclusive interview with Fred Reish from Fiduciary News.  This article clearly illustrates why we believe, as does Mr. Reish, that plan sponsors should evaluate their plans to insure a prudent process is in place to not only choose service providers but to monitor the services provided and fees billed to the plan and it's participants.  To read the article, click the link below.

Exclusive Interview with Fred Reish: 401k Plan Sponsors Who Fail to Properly Evaluate Fees "at Risk"