As we prepare to enter a new decade and await the impact of legislation passed but not yet written from our friends at the Securities and Exchange Commission, it might prove prudent to post some New Years resolutions – and plan on actually adhering to some of them in 2011.
Resolved: More time will be spent on complying with the ERISA edict that participants receive sufficient education to make informed choices and that those investment choices are sufficiently diverse to avoid the probability of large losses.
Resolved: More time will be spent on educating plan sponsors on the importance that fees are being charged to the plan Once legislation enacted in 2010 is codified, more awareness of fees will be required requiring more diligence by plan sponsors.
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