401(k) fiduciary responsibility can get tricky

04/9/2013 | BenefitsPro.com

The fiduciary rule requires the person acting as the fiduciary to act solely in the interest of the client, but many people in business follow the rule that "the customer is always right." The matter becomes tricky when what the customer wants is not in that individual's best interest. This can become challenging when 401(k) savings are involved.

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