The Worthlessness of The 401(k) Fiduciary Warranty

Ary Rosenbaum
Contact

When it comes to selling products and services, marketing is everything. Marketing can help push a product or service into popularity, regardless of whether it’s good or not. Spuds MacKenzie was such great marketing; it made people forget how lousy Bud Light really was. Savvy marketing can make something so utterly worthless into something that people want, even if they don’t know if they really need it. The marketing by 401(k) plan providers of something called a Fiduciary Warranty is all marketing, it’s something more than nothing, but not much more Believe me, Wendy’s old pitch woman Clara Peller would have asked these purveyors of 401(k) Fiduciary Warranties “where’s the beef?”, but these warranties are more like baloney. This article is about the worthlessness of 401(k) Fiduciary Warranties and how plan sponsors should avoid relying them as a form of liability protection.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Ary Rosenbaum
Contact
more
less

The Rosenbaum Law Firm P.C. on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.