Posts Tagged: 401(k)

Retirement plan rule changes often don’t make waves beyond our corner of the business world, but in 2015 they made national headlines. The problem of excessive fees for retirement plan investments and advice garnered more attention last year, not only with the pending rule changes around fiduciary responsibilities but also…

As a plan sponsor, it’s easy to get wrapped up in the mechanics of running your plan—from monitoring performance and transactions, to keeping your plan compliant with Department of Labor (DOL) and ERISA regulations. While these day-to-day activities demand attention, you can’t lose sight of your primary fiduciary responsibility—managing the…

It’s become a familiar story in the retirement benefits industry—a company comes under fire for excessive fees charged to its retirement plan, and plan sponsors face class action lawsuits for failing to act in the interests of the plan’s participants. More often than not, these stories don’t end well for…

“Fee-fi-fo-fum!” roars the giant. You may not be afraid of giants or believe in fairy tales anymore, but that phrase still holds plenty of lessons if you serve as a fiduciary to your employees’ retirement plan. And, if you slip up on your fiduciary role, you may have plenty to…

Many assume the Form 5500 is a tax form, but the development of the entire 5500 series was a joint effort by the Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guarantee Corporation (PBGC) to “satisfy annual reporting requirements under ERISA and the Internal Revenue Code.” In other…