Author Archives: Maribel Larios

Why would You Allow the Fox to Protect the Hen House?

Government Agencies without Independent Fiduciaries Pay Double in Costs. The power of reducing your 457 fees in half. Who pays the 457 plan fees? 100% is traditionally paid by the participant.  That’s why you are the fiduciary and personally liable to prove that these fees are reasonable.  Your 457 vendor is not.  They make commissions…

Understanding Your Personal Liability of 457 Plan Oversight (or lack of)

Do you sign off on the 457 contracts or plan documents?  Or do you administer the 457 plan for employees?  Congratulations, you are officially a fiduciary of the 457 plan. The California Constitution states the standards a fiduciary must abide by and the oversight 457 plan assets follow much like pension plan asset oversight. The language the…