Category Archives: 401k Risk

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 Have a 401k Your Employees will Love and litigators will hate

         401k Savings or Retirement Income Security Act Plan? The purpose of a 401k or 403b established in the Employee Retirement Income Security Act is retirement income security. The median retirement account balance for all working-age households is just $3,000, … Continue reading

Posted in 401k Management, 401k Risk, 401k Savings, Behavioral finance, Department of Labor | Tagged , , | Leave a comment

How to manage your 401k plan risk while helping employees retire

Managing Unnecessary 401k plan risk and Potential Liability Do you know how many employees are on track to retire at the normal retirement age? If not, why should you care? Attorney Marcia Wagner¹ said in a recent webinar that “employers … Continue reading

Posted in 401k Risk, 401k savings plan, Behavioral finance, Gap analysis, retirement plan education | 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

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