Tag Archives: 401k Fees

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

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

Does my 401(k) warranty cover me like my new car warranty does?

     Many plan sponsors assume that well known brand financial companies must stand behind their plan. For extra comfort, they pick the biggest and most well-know companies. Remember the phrase “nobody got fired for hiring IBM?” Some big name companies … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Decreasing the risk of 401(k) plan lawsuits and cutting your time too

Lawsuits against 401(k) plan fiduciaries are on the rise. The bigger settlements came from class action lawsuits. Attorneys asserted employee’s retirement lifestyle was harmed by paying high fees, and it was the employer’s fault. ABB Mismanagement Cost      401(k) Plan … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment