I'm wondering about the when DOL added the continuing duty for employers to monitor the 401(K), adding fiduciary to the employer, shouldn't it be an HR issue?
Not sure why or where any broker or agent should take on the task of fiduciary. HR works to benefit the employer, not the employee and is supposed to stay on top of never ending legal changes. I was reading an article today speaking about employers Understanding Your Fiduciary Responsibilities Under A Group Health Plan.
The DOL is making less and less prudent man rules to the point that anything you touch is a fiduciary issue.
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Not sure why or where any broker or agent should take on the task of fiduciary. HR works to benefit the employer, not the employee and is supposed to stay on top of never ending legal changes. I was reading an article today speaking about employers Understanding Your Fiduciary Responsibilities Under A Group Health Plan.
The DOL is making less and less prudent man rules to the point that anything you touch is a fiduciary issue.
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