For employers sponsoring retirement plans, there’s no escaping the concept of fiduciary responsibility. In basic terms, employers have the duty to:
Some employers fear it, and some don’t understand it. But many advisors are successfully serving retirement plan clients by bringing them fiduciary support services provided by 401(k) providers. There are different levels of fiduciary support in the marketplace; and thus, it’s important for plan sponsors to understand the differences.
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