The Frugal Fiduciary Small Business 401(k) Blog
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Happy Holidays from the Frugal Fiduciary! As 2017 comes to a close, we looked back through this year’s blogs to find the most read.
A couple of weeks back, I found a Multiple-Employer 401(k) Plan (MEP) marketing piece by State Street Global Advisors (SSGA) that copied (without attribution) a 401(k) plan fiduciary hierarchy I had created for a blog. The piece claimed employers could fully outsource their plan’s hierarchy – and any personal liability for failing to meet its fiduciary responsibilities – to a MEP 401(k) provider. The problem? While outsourcing the 401(k) hierarchy is possible, outsourcing its liability is not.
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