Tag Archives: Department of Labor

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

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