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Home › The Fiduciary Standard

The Fiduciary Standard

  • Part 2 - Differences In Retirement Plan Investment Assistance

    Jul 31 2014 - 10:15am

    In my last article aka Part 1, I talked about some of...

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    Tags: 401(k), Fiduciary, Investment Advisor, §3(21), §3(38)
  • Would You Take A Knife To A Gun Fight? Maybe, But Not Without The Gun

    Jul 9 2014 - 1:09pm

    I heard it again last week…every time I turn around I hear myths about ERISA retirement plans from plan sponsors, fiduciaries (known and some that have no clue they are ones) and even third party providers. This time it was:


    ...

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    Tags: 401(k), 403(b), Audit, CPA, DOL, Fiduciary, IRS, Retirement Plans
  • Part 1 - Differences In Retirement Plan Investment Assistance

    Jun 27 2014 - 8:57am

    A question we're asked almost every time we speak is "What is the difference between investment advice under §3(21), a §3(38) and basic investment advice as it pertains to hiring an investment “expert...

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    Tags: 401(k), Fiduciary, Investment Advisor, §3(21), §3(38)
  • Memorial Day - Honoring Heroes

    May 23 2014 - 1:45pm

    With Monday May 26, 2014 being Memorial Day we, at OTB Stategic Consulting, want to honor the brave men and women...

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    Tags: Memorial Day, Military
  • Fiduciary Basics #5 - Timing of Participant Contributions

    Apr 30 2014 - 8:32am

    How quickly does a Plan Sponsor need to send the participant contributions to the Trustee?  This is actually a pretty simple answer and ERISA regulation. As soon as possible!   If that is the case, why do we hear from TPAs, CPAs, Investment Advisors...

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    Tags: 401k, Compliance, Contributions, Participants
  • Fiduciary Basics #4 - Choosing Providers (aka RFP Process)

    Apr 22 2014 - 6:11am

    When a plan is examined by regulators or a suit is brought by a participant, how and why providers are chosen are always at the top of list or requested documents.  This is traditionally done through a Request for Proposal (RFP) process.    As it...

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    Tags: 401(k), 401k, Compliance, DOL, RFP
  • Fiduciary Basics #3 - Consequences of a Breach of Fiduciary Duty

    Apr 9 2014 - 9:28am

    If you read the first of this series, you understand the difference between a business decision and a fiduciary decision.  And you understand that part of your duties are monitoring all your service providers (no matter what they say).  But what if...

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    Tags: 401k, Breach, Fiduciary
  • Fiduciary Basics #2 - Monitoring and Oversight Responsibilities

    Apr 2 2014 - 9:54am

    This is a second in a series about the DOL’s March webinar on Fiduciary Responsibility.   Last week I wrote about the difference between business and fiduciary decisions.   This week it is on Fiduciary Monitoring/Oversight Responsibilities....

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    Tags: 401(k), Fiduciary, Monitoring
  • Fiduciary Basics #1 - Business vs. Fiduciary Decisions

    Mar 26 2014 - 8:15am

    I just finished reading the PlanAdvisor article, "Basic Fiduciary Education Still Critical" and listened to the DOL's webinars on Fiduciary Responsibility and decided to...

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    Tags: DOL, Fiduciary, Fiduciary Education
  • The Numbers Don’t Add Up…Can 25% = 95%?

    Mar 17 2014 - 11:59am

    Today I saw a republished article entitled “Warning: DOL found three-fourths of 401(k)s illegal.”  The article states that in 2013, “75% of the plans...

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    Tags: 401(k), CFA, DOL, Fiduciary, Fines, Plan Sponsor
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