Which type of vendor is best suited to advise on plan design?
The DOLs new Conflict-of-Interest (aka fiduciary) rule might finally kill the one-stop shopping model for good.
By Chris Carosa|March 04, 2016 at 06:56 AM
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In a world in the not too distant past, businesses of all shapes and sizes went to a single vendor for retirement plan services.
This vendor offered all the plan design elements,advised on investments, and kept track of all employee data. Long before “Madoff” the more sophisticated plan sponsors recognized the inherent liability of relying on only one source for all retirement plan services.
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