Category Archives: 401k Monitoring

Is there a devil in your 401k investment menu?

Could your 401k QDIA actually be a liability? If an investment advisor or broker recommended an investment with a 3 month track record for your employees would you take it? That is what many sponsors did when Qualified Default Investment … Continue reading

Posted in 401k Monitoring, Fee monitoring, Investment Monitoring, Investment selection, Uncategorized | Tagged , | Leave a comment

Stop: You May be Guilty of Excessive Plans Fees

Marc I. Machiz, Director of the Philadelphia Region of the Department of Labor Employee Benefits Security Administration (DOL EBSA ) indicated plans to focus on fees during audits. Machiz stated that he expects the investigations will attempt to determine who … Continue reading

Posted in 401k Fees, 401k Monitoring, Department of Labor, Fee monitoring | Tagged , , , | Leave a comment

Warning: Your 401k Plan May be a Lemon

Yale Professor warns of Hidden Excessive Fees Yale Law School professor has put many 401k industry providers have been in an uproar over the last few weeks. Professor Ayers sent letters to about 6,000 sponsors of 401(k) plans suggesting that … Continue reading

Posted in 401k Fees, 401k Monitoring, 401k Review, Fee monitoring, Investment Monitoring, Investment selection | Tagged , , , | Leave a comment

3 Vital 401k plan risk factors to check your plan health

Recently, a Yale Professor raised blood pressures when he sent a letter to 6000 plan sponsors asserting that their plans did not pass these questions. He also said that he had gotten his information from publicly available sources. These sources … Continue reading

Posted in 401k Monitoring, 401k Review, 401k Risk, Fee monitoring, Fiduciary duties, Investment Monitoring | Tagged , , , | Leave a comment

How to manage your 401k plan risk while saving time too

     If you are like most 401k responsible parties, your baptism was by fire. You might have inherited someonelse’s work and assumed it to be “okay.” The Employee Retirement Income Security Act (ERISA) exposes you to some significant risks. Take … Continue reading

Posted in 401k Management, 401k Monitoring, 401k Risk, Behavioral finance | Tagged , , | Leave a comment

15 Warning Signs That Your 401k Plan is at Risk

You don’t know how many employees participating in the 401(k) are on track to retire The purpose of a retirement plan is to help employees retire. Do you track who is on track? If no employee is on track, what … Continue reading

Posted in 401k advisor, 401k Fees, Department of Labor, ERISA 3(38) Investment Manager, Investment Monitoring | Tagged , , , | Leave a comment

401k Fiduciaries’ Duties and Not so Safe Harbors

Does your advisor, recordkeeper or plan provider give you an evaluation of your plan based on proprietary analysis? I once looked at a plan where over 80% of the investments in the plan under independent analysis did not meet the … Continue reading

Posted in 401k Review, Fee monitoring, Fiduciary duties, Investment Monitoring | Tagged , | Leave a comment

6 Questions to Ask Your 401(k) Advisor to Know What Kind You Have

Being registered to sell investments does not mean that you know anything about a 401(k) other than it has investments. Some advisors to plans are investment generalists and not 401(k) savvy. The few advisors that focus on 401(k)s primarily focus … Continue reading

Posted in 401k advisor, 401k Fees, 401k Monitoring, Fee monitoring, Fiduciary duties, Investment Monitoring, Provider monitoring, retirement plan education, Retirement planning | Tagged | Leave a comment

7 ways to tell it’s time to cut ties with the status quo 401(k) advisor

Sticking with the status quo 401(k) advisor is easy. You may say it’s the devil I know. Unless you are 401(k) provider or ERISA attorney you may not be the best judge of 401(k) devils. You shouldn’t be. You should … Continue reading

Posted in 401k Fees, 401k Management, 401k Monitoring, 401k Review, Behavioral finance, Fiduciary duties | Leave a comment

401k Fiduciary (ERISA Fiduciary)- Rational Robot or Human

                     As a 401(k) fiduciary (ERISA fiduciary) aka plan sponsor, your day job (CEO, CFO, HR) is increasing your firm’s bottom line. It is not learning the ins and outs of the laws … Continue reading

Posted in 401k Management, 401k Monitoring, 401k rules, Behavioral finance, Retirement planning | Leave a comment