How Your 401k Plan Fiduciary Duties Protect You

Episode 25 of The 401k Podcast with Fexingo dives into the often-overlooked role of the plan fiduciary — the person or committee legally responsible for managing your 401k in your best interest. Lucas and Luna unpack a real case: the 2024 Supreme Court ruling in Jander v. Retirement Plans Committee of IBM, which clarified that fiduciaries can be sued for offering imprudent investment options even if those options are low-cost index funds. They explain the three key fiduciary duties — duty of loyalty, duty of prudence, and duty to monitor — and why you should care about who sits on your plan's investment committee. The episode also covers the Employee Retirement Income Security Act (ERISA) and practical steps you can take to ensure your plan's fiduciaries are doing their job, including reviewing Form 5500 and fee disclosures. #401k #FiduciaryDuty #ERISA #RetirementPlans #JanderVsIBM #SupremeCourt #PlanFiduciary #DutyOfPrudence #DutyOfLoyalty #DutyToMonitor #Form5500 #LowCostIndexFunds #InvestmentCommittee #RetirementSaving #Finance #FexingoBusiness #BusinessPodcast #The401kPodcast Keep every episode free: buymeacoffee.com/fexingo