In the spring 2021 issue of 401k Specialist magazine, Carol Buckmann explains why outsourcing investment responsibilities to an investment manager or outsourced chief investment officer is trending. The interview stemmed from Carol’s popular blog posts on fiduciary responsibilities, where she has advised, “fiduciaries who take a ‘do-it-yourself’ approach face huge potential exposure from underperforming investments and excessive plan fees.” In this article Carol is quoted about why some plan sponsors still refuse outside help and reasons for them to overcome their reluctance to partner with professional fiduciaries.
Read the full 401k Specialist interview here.