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401(k) Fiduciary
999 posts
401(k) Specialist is the go-to source for mastering the nuances of 401(k) fiduciary duty, a cornerstone for businesses managing retirement plans. It demystifies fiduciary responsibilities, offering clear, authoritative guidance on how to act in the best interest of plan participants. With its in-depth articles, expert insights, and practical tips, 401(k) Specialist equips business owners and managers with the knowledge to make informed decisions, ensuring compliance and protecting against litigation. It also explores strategies to enhance plan performance, emphasizing the fiduciary’s role in selecting investments and monitoring service providers, making it essential for businesses committed to upholding their fiduciary duties effectively.
Hawaii Approves State-Run IRA, but Minus Auto-Enrollment
Curious decision means enrollment in the new program will be voluntary
Fred Reish Fears Advisor PTE Preparedness: Broadridge Fi360 Conference
The DOL 'could go so far as to say every one of your rollover recommendations was a prohibited transaction'
New Congressional Working Group Seeks to Expand Retirement Security
Senators John Hickenlooper (D-CO) and Thom Tillis (R-NC), and Representatives Terri Sewell (D-AL) and Lloyd Smucker (R-PA) to focus on boosting access to retirement plans for low- and middle-income Americans
Social Security Benefits Lose 40% of Buying Power Since 2000; Latest 2023 COLA Estimate Drops
Slight tempering of inflation reported in today’s new Consumer Price Index data results in a slightly lower estimate for next year’s cost of living adjustment
Republican Bill Promotes ‘Financial Freedom’ (Bitcoin) in 401ks
'America was built on the idea that we each chart our own destiny'
SEC Extends Comment Period for Controversial Climate Proposal
While painted as being the product of investor demand, the rules are in fact quite controversial
401k Market Minute: Sorry Schlichter, a New 401k Tort Terror Takes Over
Anything and everything you need to know about the dramatic rise in excessive 401(k) fee litigation is in…
How to Address the Achilles’ Heel of State Auto-IRA Programs
A case can be made that the incorporation of retirement savings portability is precisely what these programs need
The Dramatic Rise in Excessive 401k Fee Litigation—And Who’s Fighting It
After an unsatisfying Supreme Court decision for retirement plan fiduciaries in Hughes v. Northwestern, the U.S. Chamber of Commerce continues to fight the explosion of cases in a “cottage industry” with a unique strategy meant to get cases dismissed before they get to summary judgments or settlements. Here's an in-depth look at the issue
Sens. Warren, Smith Question Fidelity Bitcoin-in-401k Plan
Elizabeth Warren (D-MA) and Tina Smith (D-MN) send letter to Fidelity CEO demanding answers about the recently announced plan, particularly in light of DOL’s March cryptocurrency warning