• Benefits Bulletin

    Guidelines for 401(k) Fiduciaries on Mutual Fund Selection

    Andrew S. Williams
    8/8/22

    Fiduciaries who handle investments for self-directed 401(k) plans are increasingly exposed to liability for their investment decisions. Those fiduciaries, including employers and individuals charged with investment selection, are being second guessed in court actions for the investment funds they select.

    Although the courts are divided, there are some guidelines that plan fiduciaries need to consider when reviewing their plan's mix of mutual funds offered for participant investment.

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