Tag Archives: 401K

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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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

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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

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