How 401k Plan Sponsor Fiduciary Liability Changes When Retaining Retiree Assets

FiduciaryNews examines what happens to a plan sponsor's fiduciary exposure when retirees leave their assets in the company 401k, and why accumulators and decumulators need fundamentally different options. Ryan Cicchelli of Generations Insurance & Financial Services argues that the strategies appropriate for a 40-year-old should look nothing like those for someone entering the preservation phase — sponsors need to steer retirees toward conservative, safer approaches instead of chasing market highs and risking devastating lows.