Say plan sponsors should follow 'prudent process' to evaluate service providers.
ERISA has teeth, outsourcing takes work are just two.
Younger generation needs financial planning guidance and present opportunity for long-term relationship
Seeking to recoup the $5.3 million swindled by 401(k) advocate Matthew Hutcheson, retirement plans could end up with just 25% to 50%. Darla Mercado on the tough road ahead.
401(k) advocate Matthew Hutcheson gets 17 years for stealing client cash; $5M went to home repair, stake in golf resort. Darla Mercado reports.
Officials charged he diverted $5 million in client money; civil case proceeding.
Plan adviser Hutcheson facing 17 counts of wire fraud.
Informs some clients that they can keep investment options.
Advisers, regulators crying foul as insurers seek alterations.
