And delaying any more puts implementation dangerously close to the presidential election, says Witz.
FORBES: Will We Ever Find Out What We Pay In Retirement Fees?
Witz: This comment is problematic since it requires you to make an assumption as to its application.
FORBES: Another Perspective on the Shifting 401(k) Landscape: David Witz of Fiduciary Risk Assessment LLC (March 20,2008)
Witz: Why would a plan with 15, 000 participants be easier to administer than a plan with 15 participants.
Witz: This has changed since the Supreme Court issued its opinion in LaRue and the DOL issued the proposed 408(b)(2) regulations.
Witz: Many third party administrators (TPA) provide more than just recordkeeping services.
Witz: Unfortunately, commonsense has never provided a fiduciary a reliable defense.
Witz: Section 404(c) is not a safe harbor.
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