Each year, the Nobel Prize committee recognizes individuals for their lifelong work to further the study of medicine, physics, chemistry and economics. The accomplishments that the Nobel committee recognizes are significant contributions to the laureates’ respective fields, but are often obscure and generally unappreciated by the public at large. That’s…
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…
Index funds may not be the magic bullets many plan sponsors think they are. A wave of recent lawsuits alleging breach of fiduciary duty against smaller plans reveals why. The largest plan facing a class action lawsuit from participants is from New York Life Insurance Co. The plaintiff’s case is…