Welcome to 401khelpcenter.com
With the explosive growth of government and private internet sites containing information, opinion, analysis, marketplace news, legislation, court cases, rules, and other 401k and 403(b) resources, your challenge to identify salient information and issues that really matter is greater than ever. That's where 401khelpcenter.com excels. We are a knowledge service that finds, reviews, organizes and shares the best and most relevant information for people who sponsor, advise, design, administer, make policy about, participate, or are otherwise interested in 401k and 403(b) plans.
Great-West Issues 'Report Card' on Retirement Readiness
Schwab Cuts Expense Ratios in Target-Date Collective Trusts
Arnerich Massena Rolls Out Fiduciary Education Program
CUNA Mutual Unveils Multiple Employer 401k Plan
CUNA Mutual Adds Eight Regional Sales Consultants
BrightScope Adds Chris Riggio as 'Chief Revenue Officer'
SageView Bolsters San Francisco Presence With Hires
401k Plans a Powerful Resource for Retirement Savers
MassMutual Retirement Announces New Senior Management
Daily News Digest
The Daily News Digest is where we aggregate the latest published material on 401k trends, fiduciary issues, legislative action, court cases, opinion, rule changes, insights, surveys, studies, commentary and more. The information is updated daily. Here are some of the latest items.
Summary: The Target-date mutual funds are perhaps the most widely held but least understood packaged-for-retirement investment in the world. The SEC wants to change that. They want investors to better understand the TDFs they own or might own in their 401k and other types of retirement accounts. And to that end, the SEC earlier this month reopened the public comment period for its TDF regulations, which were first proposed in 2010.
Source: Marketwatch.com, April 2014
Summary: The Social Security Administration announced that it will discontinue its letter-forwarding program, through which it attempts to help third-parties communicate serious financial or familial matters to "missing" individuals, in one month.
Source: Planadviser.com, April 2014
Our researchers look for what they think are some of the better resources available to assist you in administering your plan or helping your clients. We group these resources in our COLLECTED WISDOM™ topics to make it easy for you to locate the information you need. Each item in a category contains a summary and date of when it was placed in the group.
We also maintain some older material in these collections for perspective and context.
Insight: Research and White Papers
There is a great deal of research published around defined contribution plans and related issues. We index much of it here.
Summary: One of the most effective risk management tools available to investors is diversifi cation across multiple asset classes (e.g., stocks, bonds, and cash). A portfolio's distribution across various asset classes is referred to as the portfolio's asset allocation. Academic studies have shown that more than 90% of the variations in a portfolio's return can be attributed to the asset allocation decision.
Source: Manning-Napier.com , April 2014
Summary: Knowing when and how to arrange for an audit of a plan's financial statements is an important responsibility for plan sponsors. While the rules governing audits may appear straightforward, there are important exceptions that can impact filings -- for example, the so-called "80-120 Rule."
Source: Leggmason.com , April 2014
Summary: Workers who report a change in their expected retirement age in 2014 most often cite the poor economy (25 percent), according to a new report from the nonpartisan Employee Benefit Research Institute. Other reasons cited included the inability to afford retirement (18 percent), a change in their employment situation (17 percent) and health care costs (12 percent).
Source: Ebri.org , April 2014
Tools and Resources
Calculators, charts, samples, directories and other resources to help you run and manage your plan or practice.
Fiduciary Related News and Intelligence
These are general news and articles around fiduciary issues.
Summary: The DOL's "Fiduciary Education Campaign" is designed to improve workers' health and retirement security by educating employers and service providers about their fiduciary responsibilities under ERISA. The Fiduciary Education Campaign includes nationwide educational seminars and webcasts to help plan sponsors understand rules and meet their responsibilities to workers and retirees, thereby improving their financial security. The campaign also includes educational materials on topics such as understanding fees and selecting an auditor.
Source: Dol.gov, April 2014
Legal, Legislative and Washington DC
This is a directory and index of articles that review recent court rulings, legal issues, and bills, hearings and other actions in Congress.
Summary: ERISA attorneys are an excellent resource and there are many reasons why a plan sponsor should hire one. This article will inform you on when it's the best time to call an ERISA attorney.
Source: Jdsupra.com, April 2014
Viewpoint: Commentary and Opinion
People speak out on a variety of issues of interest to those in the 401k industry. One of our most interesting areas, but remember, opinions expressed here are those of the author and do not necessarily reflect the positions of 401khelpcenter.com.
Summary: The DOL recently issued a proposal to require a 408(b)(2) guide. The guide has also been referred to as a roadmap, but think of it as an index to the disclosures. This is the DOL's response to their review of provider disclosures and problems the DOL has seen. The DOL has at least two more significant concerns.
Source: Fredreish.com, April 2014
Below you'll find this week's five most popular articles.