Will the Real Fiduciary Please Stand Up?

Distinguishing who the fiduciary is within a 403(b) plan or other qualified plan is an important determination, but that doesn’t necessarily mean that it’s an easy or clear determination. Quite the contrary: it is a highly confused, misinterpreted and somewhat gray area that many plan sponsors wish to forgo and would gladly delegate the role to another third-party. In MarketBeat, Kimberly Flett, CPA, QKA, QPA, discusses whether and how that can be done, and provides some common applications of the role of the fiduciary.