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Another 401(k) fiduciary solution enters market

For 401(k) sponsors, more providers are offering new technology solutions to problems around fiduciary roles and defined contribution plan management.

By Marlene Y. Satter | Updated on October 06, 2016
Plan sponsors looking for 401(k) help can turn to several new technology solutions in the retirement saving space. (Photo: Getty)

Plan sponsors looking to offload fiduciary risk, while hopefully cutting costs at the same time, have seen solution possibilities enter the market over the last several months as several providers have turned their attention to the small- and midsize plan market.

Earlier this year, LPL Financial broke out a 3(38) fiduciary service capability for advisors to the small plan market; Lincoln Financial expanded its small business retirement plan program; and Capital One, Fidelity and Betterment haven’t been sitting idly by in producing or expanding offerings, some including or composed entirely of robo-advisor components.

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