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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
 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
LPL Reveals New "Rollover Results Program"
Consortium Launches New Fiduciary Evaluation Tool
Mercer Launches Online Retirement Education Program
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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: The Charles Schwab Corp. is partnering with fiduciary company fi360 in an effort to give its RIA clients fiduciary training and integrated technology so that they'll be better equipped to meet increasing demands from 401k plan sponsors.
Source: RIAbiz.com, May 2012
Summary: Plan sponsors should be working with their attorneys to help ensure that they receive required fee and service information from covered providers before July 1, 2012 for current contracts and that they have reasonable procedures in place for follow up as necessary. These steps will help plan sponsors avoid inadvertent prohibited transactions where possible, and position them to take advantage of the regulatory relief if necessary.
Source: Sibson Consulting  , 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: 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
Summary: Research from Vanguard bolsters the argument for limiting the number of loans that employees can take from their 401k retirement accounts. The research analyzed 2010 data for roughly a quarter million participants in seven large, defined-contribution retirement plans that are administered by Vanguard.
Source: New York Times, 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: The 408(b)(2) regs have an important prohibited transaction exemption for the responsible plan fiduciary under certain conditions, should there be a failure of disclosure, but this exemption does not run to the service provider who fails to make a timely disclosure. And even then the exemption only runs to the disclosure itself, not the actual prohibited transaction which may be disclosed under 408(b)(2).
Source: Business of Benefits, 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: The Labor Department is charging the fiduciary with prohibited transactions, including self-dealing and conflict of interest, as well as breaches of impartiality, loyalty and prudence. The agency also has filed an application for a temporary restraining order, and it seeks to remove and replace Mr. Hutcheson and other defendants as fiduciaries over the affected plans.
Source: Investmentnews.com (Free Registration May Be Required), 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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