Tag Archives: 401k fiduciary

How to Spot a Fake 401k Fiduciary Advisor or Provider

         If you are like most executives that oversee their company 401(k), you have never received formal education on the responsibilities and personal liabilities. When the Department of Labor (DOL) wins a lawsuit for breaching a responsibility, they remove the … Continue reading

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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

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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

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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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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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