Christopher Carosa at Fiduciary News posted today on the eight "Hot Topics" with 401(k) plan sponsors. Fiduciary News crunched the numbers in the appendix of Deloitte Consulting's 2011 Edition of its Annual 401(k) Benchmarking Survey. http://fiduciarynews.com/2011/12/new-survey-reveals-how-401k-plan-sponsors-rank-8-hot-topics/ According to Carosa's post, the top priority of plan sponsors is "Providing the right investment to help participants achieve retirement goals."
Although Carosa notes that some might find the 2nd priority, 'reducing plan risk and potential fiduciary responsibility' surprising, I think the top two priorities may reflect some of the same concerns. Are plan's offering the 'best' menu of investment options? And, if not, is there risk to the plan sponsor?
In earlier posts I've raised the question of why plan sponsors haven't taken a stronger position in the debate on DOL's proposed re-definition of fiduciary. Carosa raises the same question and interprets the emphasis on potential fiduciary liability as a possible indicator that plan sponsors recognize the interests they have at stake in the debate.
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