Category Archives: Behavioral finance

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

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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

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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 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