Browsing Tag
401(k) Fiduciary Responsibilities
92 posts
Massachusetts Advisors Fail 401k Fiduciary Test
At least they’ve still got Tom Brady. A new survey from the Massachusetts Securities Division finds most advisors…
Bank Giant Enters 401k 3(38), 3(21) Fiduciary Fray
Get used to hearing about three numbers—3(38), 3(21) and 3(16)—and the need to outsource 401(k) fiduciary responsibility. Investment giant PNC…
Why State-Sponsored 401(k)s Don’t Stack Up
America’s retirement crisis has been exacerbated in no small part by the erosion of the country’s savings culture. It’s…
CEO Under Fire for 401k Salary Deferral Mismanagement
A lesson in trust and the timely remittance of deferrals. The CEO of a nonprofit mental-health agency in Ohio…
3 New Methods for Correcting 401(k) Elective Deferral Failures
Industry research increasingly points to the positive benefits of both 401(k) automatic enrollment and automatic escalation features in…
Shocker (Not)! 401k Funds Not Always Launched with Participants in Mind
Mutual fund families often launch trendy products for the sole purpose, unsurprisingly, of attracting assets. A recent paper…
The ‘Secret’ to 401k Participant Success?
Consistency counts—who knew? A recent study finds the average 401(k) plan account balance of workers who contribute consistently increased…
5 Surprising Fears from a 401k Focus Group
Employers are concerned about auto-enrollment overreach, state-run plans, and 401(k) costs. They’re just a few of the findings…
It’s National 401k Day!
Where did the year go? It might not have the taste of National Hot Cross Bun Day or…
4 Really Bad Findings from New 401(k) Study
Employees have no idea what they’re doing, and do not feel good about it. Robo disruptor Betterment for…