GCT ATTORNEY FEATURED IN ARTICLE ON THE USE OF PARTICIPANT DATA FOR PROVIDER MARKETING
In the summer issue of NAPA Net the Magazine, GCT’s Andrew Williams weighs in on the use of participant data for provider marketing. The article explores the risks to plan fiduciaries of investment advisors that use personal information of participants to market non-plan products, such as life insurance.
Is employee information generated in administering a 401(k) plan an asset of the plan that a fiduciary cannot use to promote its own business? Several recent lawsuits discussed in the article have brought focus to this potential legal risk.
Read the full NAPA Net article for recommendations from Andrew and commentary of other retirement plan professionals.
The National Association of Plan Advisors (NAPA) publishes a journal that provides state-of-the-art coverage of current technical and business topics for investment advisors and other retirement plan professionals.
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GCT is available to assist with any questions that you may have about your 401(k) plan as an employer, trustee, investment advisor or other plan fiduciary. For additional information or to discuss your particular situation, please feel free to contact Andrew directly at: