403(b)izarre: Make It Automatic - Fiduciary Responsibility (Part IV of IV)
403b.substack.com
In the previous three parts I Introduced the Make It Automatic concept, asked who would oppose it and then addressed a common objection. In this last part I address the issue of Fiduciary Responsibility. The Fiduciary Liability Objection Another objection I hear is that a fiduciary based, auto-everything defined contribution system would cost school districts money and take up staff time as well as opening them up to potential litigation.
403(b)izarre: Make It Automatic - Fiduciary Responsibility (Part IV of IV)
403(b)izarre: Make It Automatic - Fiduciary…
403(b)izarre: Make It Automatic - Fiduciary Responsibility (Part IV of IV)
In the previous three parts I Introduced the Make It Automatic concept, asked who would oppose it and then addressed a common objection. In this last part I address the issue of Fiduciary Responsibility. The Fiduciary Liability Objection Another objection I hear is that a fiduciary based, auto-everything defined contribution system would cost school districts money and take up staff time as well as opening them up to potential litigation.