Meeting Your 401(k) Fiduciary Obligations with a Focus on Fees

Meeting Your 401(k) Fiduciary Obligations with a Focus on FeesIn 2012, employers and employees received detailed new disclosures about fees being paid for 401(k) services, thanks to new Department of Labor regulations that took effect back in the summer. Whether or not employees have read the statements carefully, employers can’t afford to set them aside with the general intention of reading them some day. Here’s why…

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Keep Your Hands Out of the Cookie Jar

In the challenging economic times we are currently experiencing, individuals seeking to supplement or replace lost income, or to get through financial crises such as unemployment and medical emergencies, have taken to “raiding” their own 401(k) plans. This is a fiscally risky move that could have serious consequences, both in the short term and down the road. Continue reading

Don’t Like Paying for Your 401(k) Plan Audit? Here’s an Alternative.

Companies set up a 401(k) plan for their employees for many reasons. As a vehicle that can help supplement social security income for their employees’ retirement years, a 401(k) is an important recruiting and retention tool and an excellent alternative to a traditional, company-funded pension plan. Plus, it can be rewarding to know that you are offering this support to your hard working employees. Continue reading