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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 curates -- finds, groups, 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.
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Marketplace News
 Nevin Adams to Lead American Savings Education Council
ERP Adds Industry Veteran Bill Radonavitch
Principal Offers Plan Fee Evaluation Tool
CPI Names Senior Manager for Internal Sales
Pensionmark Retirement Group Adds Fifth Location
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Daily Digest
The Daily 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.
Summary: Many fiduciaries taking on the role are not high enough up the corporate food chain to clearly have enough power to control for and avoid potential problems in the plans they have been charged with administering. This leaves those administrators in the situation of being exposed as fiduciaries to personal liability for problems in the plan, while not having enough power to avoid or cure the problems.
Source: Bostonerisalaw.com, May 2012
Summary: Many plan sponsors have never had to deal with fee disclosure regulations issues in the past because their providers gave them everything they needed, but that is no longer enough. As the fiduciary of their plans, they now have to justify plan expenses to their plan participants. There are many risks to plan sponsors because of the new fee disclosure regulations.
Source: Benefitspro.com, May 2012
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Collected Wisdom™
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.
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Insights: Studies, Research and White Papers
Summary: Protecting against risk is the most important concern for Americans of every age when it comes to managing their retirement assets, according to Charles Schwab's latest quarterly Retirement Pulse Survey.
Source: 401khelpcenter.com, May 2012
Summary: The survey is conducted through an independent research firm and the data represents employees of different age groups and employers of various sizes. In addition to the findings on various retirement issues, the survey provides an in-depth segmentation and comparison analysis based on company size, gender and age groups.
Source: Transamerica Center for Retirement Studies, May 2012
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This Month's Site Sponsor is:
CPI Qualified Plan Consultants
Since 1972 CPI Qualified Plan Consultants, Inc. has provided recordkeeping and administration services for qualified and non-qualified defined contribution retirement plans, partnering with the nation's most prominent investment institutions and mutual fund companies. With corporate headquarters in Great Bend, Kansas, CPI has 20 offices located throughout the United States. CPI and its parent company, CUNA Mutual Group, currently provide services to more than 7,800 retirement plan clients and their financial advisers. For more information about CPI, visit www.cpiqpc.com® or call 800-491-7859. CPI is a member of CUNA Mutual Group, a leading insurance and financial services organization based in Madison, Wisconsin.
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Tools and Resources
Calculators, charts, samples, directories and other resources to help you run and manage your plan or practice.
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Viewpoint: Opinion and Commentary
People speak out on a variety of issues of interest to those in the 401k industry. One of our most interesting areas.
Summary: According to a survey by The Hartford, the younger the worker, the greater the attraction to having the ability to take at least a portion of a retirement account as guaranteed income. A high percentage of workers in all age ranges found this appealing, but the greatest appeal was among workers under the age of 30, with 95 percent of these workers responding affirmatively to the survey. The author has two reactions to this.
Source: Yahoo Finance, May 2012
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Court and Legislative Items of Interest
This is a directory and index of articles that review recent court rulings and bills, hearings and other actions in Congress.
Summary: At age 56, a partner left his law firm and elected to roll his balance in the firm 401k over into an IRA. Subsequently, he took a pre-age 59½ distribution from the 401k and was assessed with the additional 10% tax. The U.S. Tax Court upheld the additional 10% tax.
Source: Haynes and Boone LLP, May 2012
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Fiduciary Related News and Intelligence
Summary: The decision making process of a retirement plan fiduciary has always been important. However, the recent district court decision in Tussey v. ABB, Inc., which levied a $35.2 million judgment against the employer-fiduciary (ABB), emphasizes the importance of a prudent decision-making process. Here are some of the major missteps made by ABB and the key takeaways for other plan fiduciaries.
Source: Poyner Spruill LLP, May 2012
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