Compliance Headaches Coming for 401k Plan Sponsors Due to New Fiduciary Regs in 2014?
Christopher Carosa, CTFA
It’s that time of when all good industry journalists peer into the crystal ball and foretell to the masses what exactly will happen in the coming year. Of course, this makes for great copy just like some conversation makes great water cooler talk. The trouble is, most of these predictions are just that – predictions. There is little reporting on the practical consequences should said prediction materialize or fail to materialize. For readers of FiduciaryNews.com, the real world ramifications can greatly impact both the amount of and nature of one’s work as well as one’s personal fiduciary liability. It is precisely this impact that the typical 401k plan fiduciary has the greatest interest in discovering. This article hopes to at least begin to answer that question.