Who really benefits from a fiduciary breach? This week, Erik reflects on insights gained from a recent conference with research organizations serving underserved communities. These small employers face immense challenges—not just in securing and managing grants, but also in navigating the complex retirement plan system.
Erik highlights a critical issue: while fiduciary regulations are essential, the real beneficiaries of fiduciary breaches are often not the plan sponsors, but financial service providers. Without greater accountability for those selling imprudent products, small plan sponsors will continue to struggle with compliance and effectiveness.
Watch Erik's video discussing this topic in this week's Fiduciary Focus.
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