Financial Service Firm 401(k) Sponsors Sued by Own Employees!

September 25, 2017—As a plan sponsor of a 401(k) plan you know – or at least should know – that decisions you make regarding the plan must be in the best interests of your plan participants. This covers all areas of the plan, including your decisions regarding plan investment options. Unfortunately, it is common (in my opinion) for employers not to devote the time necessary to investment options due diligence and instead rely on the investment suggestions made by the plan’s platform provider.

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