Category Archives: Fiduciary duties

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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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

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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

Cash balance plans for retirement planning

Many retirement advisors recommend that you save at least 10% for your future retirement. I believe that you should have a retirement planning professional calculate your number. After that exercise, you may find that you need to engineer a savings … 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

Avoiding a 401k fiduciary breach- An independent fiduciary might save your assets

                                                                DOL investigator                                    Plan sponsor flanked by independent fiduciary Do you know the ERISA rules and 401k rules? “When a 401k plan gets in big trouble, the DOL removes the company’s fiduciaries and appoints a professional, independent fiduciary. An … Continue reading

Posted in 401k Management, 401k Monitoring, 401k rules, Department of Labor, ERISA plan, Fiduciary duties, Uncategorized | 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