Experts caution small business owners against thinking they can save money by administering a company sponsored retirement plan without expert help. Similarly, companies who have long sponsored retirement plans might be overly complacent and… Read Moreabout 401k Plan Sponsorship: Going It Alone?
If you don’t understand the fees associated with your company sponsored 401k plan, don’t worry, you’re not alone. In fact, some retirement plan experts say that not knowing and evaluating plan fees is the… Read Moreabout Request a Fee Breakdown
Claims of fiduciary breaches over the fees and performance of investment options in retirement plans continue—with most litigation ending in hefty settlements and paving the way for more cases, impacting more plans and businesses…. Read Moreabout Oversight: Participant Data
Retirement plan service providers have access to participant data. Can they use the personal information of participants to cross-sell other financial products? As service providers are exploring this approach to business expansion, what do… Read Moreabout Oversight: Participant Data
Retirement plan experts observe that ERISA bonds are confusing for plan sponsors—which likely explains why so many plan sponsors fail to maintain adequate coverage and end up triggering additional compliance problems. Here’s help understanding… Read Moreabout Adequate ERISA Bond?
Failure to correctly file Form 5500 comes with big penalties—and can trigger additional compliance challenges. The calendar year is the basis for many retirement plans, so, if your retirement plan runs on a calendar… Read Moreabout Form 5500: Is Yours Due?
The disruption and costs for retirement plan sponsors continues long after hacks or other forms of cybercrime invade the retirement plan. Lawsuits are keeping plan sponsors and record keepers busy. Experts urge preventative action… Read Moreabout Cybersecurity—and Lawsuits Too
Retirement plan participants are cancelling illusions of grandeur about older age and leaning in on more practical considerations. There’s a growing focus on having enough savings to maintain a healthy and ordinary life without… Read Moreabout Having Enough: Savings
It’s happening. Recently, for example, a man in Maryland was indicted for money laundering, after implementing a computer fraud scheme to illegally access $246,390 from a 401k account. No wonder the Department of Labor—and… Read Moreabout 401k: Theft?