Category Archives: 401k Review

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

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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

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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

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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 risk sharing: Are you on the 401k risk island alone?

The majority of companies are not working with a retirement plan advisor/consult that takes on any 401k risk. While they provide recommendations, the laws that govern 401k plans say that you made the decision. In fact if you Google “fiduciary … Continue reading

Posted in 401k Review, 401k Risk, Employer sponsored retirement plan risk, ERISA 3(38) Investment Manager, Fiduciary duties, Investment selection | Leave a comment

Would you rather have a 401(k) $100,000 balance or a $198,000?

Assuming that this is not a trick question, hopefully you answered the latter. Recently, I did an analysis of a Chicago law firm with about a $50 million total balance. Had they been in a portfolio based on principles of … Continue reading

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401k review-Are you paying for an audit that you don’t need?

    Many employers and their designees take their cues on what they need to do from the providers that they select. While the law expects that you would go through a due diligence vendor selection process, many firms simply select … Continue reading

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401k Review- Do your 401k providers help manage your risk or increase it?

      Let’s face it we all hate regulation, especially when it means more work in areas that we aren’t expert in. Recently I talked with a general practitioner physician about her 401(k) plan. She first explained that she already had … Continue reading

Posted in 401k Monitoring, 401k Review, 401k rules, Department of Labor, Fiduciary duties, retirement plan education | Tagged , | Leave a comment

401k reviews and fast food menus

When we go to McDonald’s, most of us don’t expect to get healthy food. McDonalds serves kids and adults. We go there because it is quick, convenient and offers a fun experience for those of us with kids. McDonald’s does … Continue reading

Posted in 401k Management, 401k Review, Fiduciary duties, Investment Monitoring, Investment selection, Provider monitoring, Provider selection, retirement plan education | Tagged | Leave a comment

Assets under management or participants on track to retire- What matters to the DOL?

      or      I worked for years on the manufacturer’s side of the fence in the auto industry. I never understood why so many manufacturers wanted to tout we’re number one. Do sales figures equate to safest or highest quality … Continue reading

Posted in 401k Review, 401k Savings, 401k savings plan, Department of Labor, ERISA plan, Gap analysis, Retirement assessment, retirement plan education, Retirement planning, Retirement savings, retirement savings plan | Tagged | Leave a comment