Wednesday, October 26, 2011

Good data could help avoid lawsuits

Charles Massimo at CJM Fiscal Management points out that "miseducation" of plan participants can lead to plan participants suing their 401(k) plan sponsor.  He says, "Investment advice is required by law to be in the plan participant’s best interest; however investment education is not subject to this standard."

At Inveska, we believe that the investment data distributed by most 401(k) plans is inadequate, but that good data that is in the best interests of plan participants could help avoid lawsuits.

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