Lisa Shidler

Will the alternative assets Intel added to its 401(k) plan backfire legally as well as financially?

Matt Bayley: They needed to have kept proper records and explained themselves in those records.

Intel

Pension Resource Institute

The Wagner Law Group

Silver Oak Advisory Group

AKT Wealth Advisors

Jason Roberts

Marcia Wagner

David Pottruck

Brent Hunsberger

Matt Bayley

Gregory Y. Porter

Bailey & Glasser

The days when RIAs were the outsiders at the 401(k) party are fast coming to a close. What's new is that the mass of 401(k) assets 
is getting critical at about $3 trillion; fiduciary advisors are getting appreciated; fat fees and questionable kickbacks are getting exposed and stepping out of line is getting dicier as the Department of Labor tightens the regulatory screws.

The old reasons why the 401(k) business is attractive are still in place: there are fresh assets pouring in every month and when employees leave jobs or retire, they produce rollovers that build up IRA accounts for financial advisors. The drawbacks of getting into the 401(k) business are still in place, too. Dealing with retirement assets is really a second line of business and it remains -- unless you overcharge with hidden fees -- a low margin business with high potential fiduciary liabilities.

Still, the outsourcers, infrastructure and accumulated knowledge for RIAs to capitalize on is growing daily and a the mega-shift of assets away from brokers is making the 401(k) business riskier and riskier -- to ignore.

401(k) Stories

New lawsuit alleges that spicing the DC plans with $2.5 billion of bets on de facto dark pools of 'shudder'-worthy alternatives cost participants hundreds of millions of dollars

Will the alternative assets Intel added to its 401(k) plan backfire legally as well as financially?

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