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Directed vs. Discretionary Trustee: What's the Difference?
What separates a directed trustee from a discretionary one, who ends up responsible for the plan's investment decisions under each, and how to tell which arrangement your plan is using.
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Can a Business Owner be the Trustee of their 401(k) Plan?
This post covers what serving as your own 401(k) trustee actually involves, how the role changes once employees join the plan, what you personally take on, and what a corporate trustee does and doesn't change.
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What Does a Discretionary Trustee Actually Do That a 3(38) Doesn't?
A 3(38) investment manager covers two of a 401(k) plan's six fiduciary responsibilities. A discretionary trustee can take all six. This post maps each role against the full list.
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Can Plan Sponsors Be Held Personally Responsible for 401(k) Plan Mistakes?
Personal fiduciary liability is one of the least understood parts of serving on a retirement plan committee, and one of the most important.
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When Is Delegating Fiduciary Responsibility the Right Move for a Committee?
As retirement plan responsibilities become more complex, many committees evaluate whether delegation could improve oversight and governance.
