I came across a very informative article in Forbes this week by Edward Siedle. Mr. Siedle founded Benchmarkalert.com in 1999. He has a long reputation as a “pension detective” and a “financial watchdog” for individual company retirement plan investors. He has long been a strong advocate for independent review and disclosure of the fiduciary standard of care that is required of company 401(k) retirement plan sponsors.
The name of the article is, “401(k) Investors Can Act Now To Demand Fiduciary Protection.”
I wanted to provide a link to this article on my company web site because I believe that individual investors in Minnesota company 401(k) retirement plans need to better understand the fiduciary standard of care that is required by their company 401(k) retirement plan sponsors.
Mr. Siedle goes as far to provide a template letter to your Minnesota company retirement plan committee to request a review of all investment advice parties involved in your company 401(k) retirement plan.
Every Minnesota company 401(k) retirement plan participant deserves the lowest possible costs and the best possible investment options. It is the law.
Ric Lager
Lager & Company, Inc.
