People generally don’t take education for granted, yet education can easily be overlooked when it comes to building investment knowledge among 401(k) plan participants. Many plans don’t do much in the way of participant education beyond statement inserts or one-time seminars during enrollment periods. But plan sponsors can find long-term…
Since 1894, the first Monday in September has been reserved as a federal holiday to recognize the contributions of American workers. Labor Day has traditionally celebrated the hard work, dedication and innovation that Americans in all occupations have shown in making our country what it is today. It seems…
The potential for an audit is a fact of life for retirement plan sponsors. Audits can be conducted by either the Internal Revenue Service (IRS) or the Department of Labor (DOL). They can’t really be avoided—but you can prepare in advance for an audit. Incorporating a process of prudence…
With a wave of class action lawsuits sweeping the retirement plan industry, many plan sponsors and fiduciaries are looking at solutions that can help protect themselves and their companies from costly liability. Protection for plan sponsors and fiduciaries generally comes either from ERISA fidelity bonding or fiduciary liability insurance. Both…
Help Participants Live Happily Ever After—Follow Your IPS. What good is an investment policy statement (IPS) if the plan sponsor doesn’t follow it? That question is at the center of a class action lawsuit filed against the fiduciaries of The Walt Disney Company’s defined benefit and deferred compensation plans for employees,…