Thank you for sharing!

Your article was successfully shared with the contacts you provided.

More and more professionals are convinced the industry has spent a generation of disservice to retirement savers by emphasizing the investment part of their 401k plan. Even today, DOL-mandated fee disclosure, with a separate line item of “Investment Adviser,” can confuse plan participants into believing they – as opposed to the plan sponsor – are receiving (or even need) investment advice.

Those responsible for printing out employee statements have a duty to distinguish between “individual-level” investment advice and “plan-level” fiduciary services. Until this is done, who can fault employees for the confusion?

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.