CFDD's Retirement Industry Overview - Summary: The year 2008 will be a transitional year for many retirement plan providers. The unfavorable trends of 2007 are gaining momentum and margins remain under pressure. In short, the remaining vendors without profitable scale, i.e., new technology, could exit the business before year end.
Located at: Center for Due Diligence (Word Document), February 2008. Click on headline for full article.
Finding Niche in 401k Consulting - Summary: While target marketing usually means targeting a specific audience, sometimes a product target also can bring success. Financial adviser sees great opportunities for fiduciaries in the small-plan market.
Located at: Investmentnews.com (free registration may be required), February 2008. Click on headline for full article.
Scrutinizing Investment Advice Tools - Summary: As computer generated advice tools proliferate, so should an adviser's questions about a system's methodology, calculations and quality.
Located at: Employee Benefit News (free registration may be required), February 2008. Click on headline for full article.
Suits by Individual 401k Plan Participants Based on "Impaired Value" - Summary: Should courts begin to scrutinize more closely the propriety of plaintiffs' self-serving characterizations of the nature of their claims, employers and plan fiduciaries will undoubtedly benefit. Certainly, employers and plan fiduciaries should look to employ Roberts' reasoning to constrain plaintiffs' attempts to transform simple benefits disputes into broad breach of fiduciary duty claims.
Located at: Dechert LLP , February 2008. Click on headline for full article.
Disconnect Between Participants and Sponsors - Summary: Separate surveys of plan sponsors and participants reveal a disconnect between plan sponsors and participants, regarding whether some form of income option should be included in retirement plans.
Located at: Spectrem Group, February 2008. Click on headline for full article.
Fees Push Managed Accounts Off 401k Default Lists - Summary: Managed accounts aren't popular default options in 401k plans, because fees are too high for plan executives to justify, leaving them concerned about fulfilling their fiduciary responsibility, experts say.
Located at: Investmentnews.com (free registration may be required), February 2008. Click on headline for full article.
Pressure to be Fiduciaries Intensifies - Summary: The U.S. Supreme Court decision to allow individual participants to sue 401k plan administrators will put further pressure on financial advisers to ensure that they are adhering to their fiduciary status, industry observers say.
Located at: Investmentnews.com (free registration may be required), February 2008. Click on headline for full article.
A Primer on Indirect Mutual Fund Payments - Summary: When it comes to the fees paid to service providers -- like the recordkeeper and the adviser -- participants almost always bear the brunt of the cost. Fiduciaries must be aware of these payments and potential conflicts and must evaluate them.
Located at: Reish Luftman Reicher & Cohen , February 2008. Click on headline for full article.
Online DOL Resource Helps Chart Retirement Finances - Summary: The U.S. Department of Labor released this new online resource that makes it easier for Americans to prepare for a financially secure retirement. A series of interactive worksheets were developed as a companion to a 2006 publication entitled "Taking the Mystery Out of Retirement Planning."
Located at: U.S. Department of Labor, February 2008. Click on headline for full article.
U.S. Supreme Court Decision in LaRue v. DeWolff - Summary: This is the actual opinion of the Court in the case of LaRue v. DeWolff.
Located at: American Benefits Council , February 2008. Click on headline for full article.
IRS Rules Against Qualified Long-Term Care Insurance in 401k Plan - Summary: The IRS ruled that the payment of premiums on qualified long-term care insurance by a 401k plan would be treated as a taxable distribution in violation of the distribution restrictions of section 401(k)(2)(B).
Located at: Sutherland Asbill & Brennan LLP , February 2008. Click on headline for full article.
COMMENTARY: LaRue Heightens Liability of Self-Directed Plans - Summary: A dividend of LaRue is that it may cause employers to step back and reconsider the current, expensive, and dangerous fad of self-direction.
Located at: Theworkplace.biz, February 2008. Click on headline for full article.
Participant Can Sue Plan Employer over Loss - Summary: With today's defined contribution plans, fiduciary misconduct need not threaten the entire plan's solvency to reduce an individual participant's benefits below the amount that he or she would otherwise receive.
Located at: Goodwin Procter LLP , February 2008. Click on headline for full article.
COMMENTARY: Supreme Court Opens New Front In 401k Suits - Summary: Some plan sponsors have been sued for poorly performing portfolios, others for failing to educate participants about the risks of investing, but many observers predict a wave of legal action over the fees -- high fees and hidden fees -- embedded in the mutual funds that underpin so many retirement accounts.
Located at: Inc.com Blog, February 2008. Click on headline for full article.
COMMENTARY: LaRue Will Get His Day in Court - Summary: The commentator says, "Much as I hate to contemplate the prospect of more red meat for the plaintiffs' bar, I suspect the individual participant lawsuit 'shield' pierced by the LaRue decision was unappreciated by most plan sponsors."
Located at: Planadviser.com, February 2008. Click on headline for full article.
Supreme Court Rules That 401k Participant Can Pursue Fiduciary Breach Claim - Summary: We note that the majority opinion left other issues unanswered, including whether a claimant must exhaust a plan's administrative procedures before pursuing a fiduciary breach claim and whether recovery for this type of claim would be available under ERISA Section 502(a)(3).
Located at: Employee Benefits Institute of America, February 2008. Click on headline for full article.
Supreme Court Says 401k Plan Participants Can Sue - Summary: U.S. Supreme Court issued its decision in LaRue v. DeWolff, Boberg & Associates, Inc., et al., which clarifies that individual participants in 401k and other retirement plans subject to federal pension laws can sue plan fiduciaries to recover investment losses from their accounts.
Located at: Ice Miller, February 2008. Click on headline for full article.
ERISA Litigation - LaRue - Summary: Increasing the likelihood of litigation involving 401k plans, the U.S. Supreme Court in LaRue v. DeWolff, Boberg & Assocs., Inc., reversed the Fourth Circuit ruling that rejected LaRue's claim that the 401k plan fiduciary caused losses of $150,000.
Located at: Thompson Hine LLP , February 2008. Click on headline for full article.
High Court Allows Workers to Sue Over 401k Losses - Summary: Workers gained a powerful weapon Wednesday by winning the right to sue employers when their retirement plans are mismanaged, raising the possibility of lawsuits over other worker-fund matters as well.
Located at: Los Angeles Times, February 2008. Click on headline for full article.
Ruling Allows Workers to Sue On 401k Losses - Summary: The U.S. Supreme Court unanimously upheld the right of workers to sue over losses in their 401k retirement-savings accounts in some circumstances, but pension-law experts said a minority opinion in the case could also bolster some defenses used by employers.
Located at: Wall Street Journal Online, February 2008. Click on headline for full article.
401k Retirement-Fund Suits Allowed by U.S. Supreme Court - Summary: Participants in 401k and other retirement plans can file lawsuits claiming their individual accounts were mishandled, the U.S. Supreme Court ruled in a decision that bolsters the legal rights of 70 million people.
Located at: Bloomberg.com, February 2008. Click on headline for full article.
More People Tap 401k Accounts for Cash - Summary: Some of the nation's largest retirement plan administrators are seeing double-digit spikes in hardship withdrawals and increases in loan requests, a sharp departure from levels that traditionally varied little.
Located at: New York Times, February 2008. Click on headline for full article.
COMMENTARY: DOLs 408(b)(2) Initiatives - Summary: The required disclosures must be made by affected service providers to the plan fiduciary with authority to cause the plan to enter into a contract or arrangement with the service provider. Will it just be a giant compliance headache?
Located at: Plansponsor.com (free registration may be required), February 2008. Click on headline for full article.
COMMENTARY: Reish on Determining Retirement Adequacy - Summary: What is the single most important factor in determining the adequacy of a 401k participant's retirement benefits? What is the second most important factor? Are there other factors?
Located at: Plansponsor.com (free registration may be required), February 2008. Click on headline for full article.
Future of Asset-Allocation Solutions - Summary: Asset-allocation solutions generally, and target-date solutions specifically, have, seemingly overnight, become a ubiquitous and yet essential component of retirement savings programs. Even as these "new" solutions take hold, new battle lines are emerging.
Located at: Plansponsor.com (free registration may be required), February 2008. Click on headline for full article.
Dealing with Volatile Financial Markets - Summary: Some tips that may be helpful for your personal situation or in dealing with participants invested in your firms retirement plan.
Located at: Sentinel Benefits, February 2008. Click on headline for full article.
401k Fix-It Guide Available - Summary: Tips on how to identify, correct and avoid common errors in 401k plans. Eleven common errors are noted as trends with tips for each error.
Located at: IRS , February 2008. Click on headline for full article.
Survey Finds Trend Toward Earlier Participation in 401k Plans - Summary: More employers are allowing earlier participation in their 401k plans than in the past and more are providing matching funds earlier in an employee's career, according to a survey released by The Profit Sharing/401k Council of America.
Located at: CCH, February 2008. Click on headline for full article.
Labor Department Effort to Enhance Plan Fees Disclosure Draws Mixed Response - Summary: Plan providers and sponsors generally are happy with the Labor Department's fee disclosure guidance, while those who represent participants see a need for more work, according to interviews conducted by BNA during December and January.
Located at: Schultz Collins Lawson Chambers, February 2008. Click on headline for full article.
Charters v. John Hancock Life Insurance Co. - Summary: Original ruling by U.S. District Judge Nathaniel M. Gorton of the U.S. District Court for the District of Massachusetts on whether John Hancock could be found to be an ERISA fiduciary. Judge Gorton found that they could and rejected Hancock's motion to dismiss.
Located at: 401khelpcenter.com , February 2008. Click on headline for full article.
January Equity Market Upset Ignites 401k Equities Exit - Summary: 401k participants with money in the equity market stampeded for the exits in droves during January, taking a record $1.75-billion in assets with them into fixed income investments, according to the latest Hewitt Associates 401k Index.
Located at: Plansponsor.com (free registration may be required), February 2008. Click on headline for full article.
Reish Presentation on 408(b)(2) Regulation - Summary: Fred Reish, Bruce Ashton and Debra Davis conducted a seminar on the new 408(b)(2) regulation at the 401k Summit in Orlando, Florida. The seminar focused on the requirements under the proposed regulation for RIAs and financial advisers to disclose their revenues, both direct and indirect, prior to entering into a contract or arrangement with a plan. Here is the PowerPoint from their presentation.
Located at: Reish Luftman Reicher & Cohen (PowerPoint), February 2008. Click on headline for full article.
COMMENTARY: Retirement Annuities - Investments or Insurance - Summary: Deferred Retirement Annuities could mitigate a significant and individually unmanageable risk for retirees (longevity). They could also provide the psychological comfort of maintaining a liquid asset pool and reduce the potential risks of inappropriate consumption through a fixed term spending period.
Located at: Fiduciary Investor Blog, February 2008. Click on headline for full article.
COMMENTARY: Managing Investment Uncertainty - A Fiduciary Requirement - Summary: Selection bias can distort the conclusions drawn in investment evaluation based on the way investment data is calculated, presented, evaluated or processed by investors. Selection bias probably accounts for a significant amount of investment under-performance as well as fiduciary risk.
Located at: Fiduciary Investor Blog, February 2008. Click on headline for full article.
QDIAs Pose More Questions Than Answers for Employers - Summary: Employers are generally confused about what to do regarding qualified default investment alternatives, and brokers recently confirmed they have good reason to be baffled.
Located at: Employee Benefit News (free registration may be required), February 2008. Click on headline for full article.
Miller, Kennedy Say DOL Fee Disclosure Proposal Comes Up Short - Summary: In this February 14, 2008, letter to Bradford P. Campbell, Assistant Secretary of Labor, Employee Benefits Security Administration, Rep. George Miller (D-CA) and Sen. Edward M. Kennedy (D-MA) said, "we believe [the] Department [of Labor] must go much further than these proposed regulations in order to achieve clear and understandable disclosure of fees and conflicts."
Located at: Edlabor.house.gov , February 2008. Click on headline for full article.
Challenges to 401ks Continue - Summary: A conversation with Fred Barstein, CEO of 401kExchange, Inc. about the growing number of class action lawsuits against 401k plan sponsors and investment firms that provide services to these plans.
Located at: Benchmark Financial, February 2008. Click on headline for full article.
Law Firm Gets to Proceed with Fee Lawsuit Against Hancock - Summary: Because John Hancock Life Insurance Co. could be judged to have been a fiduciary for a law firm's 401k plan, the plan's trustee can continue with his fiduciary breach excessive fee lawsuit, a federal judge has ruled.
Located at: Planadviser.com, February 2008. Click on headline for full article.
Excessive Fee Suit Against Fidelity Survives Initial Challenge - Summary: A federal judge in Missouri has determined that the fiduciary breach lawsuit over excessive fees and revenue sharing practices in ABB's 401k plan, filed by the St. Louis-based law firm of Schlichter Bogard & Denton on behalf of the plan's participants, can move forward.
Located at: Planadviser.com, February 2008. Click on headline for full article.
ICI Comments on IRS Automatic Contribution Arrangements Rules - Summary: ICI suggests changes to the IRS' proposed rules to make them more flexible and cost-efficient to further the Congressional purpose of encouraging employers to offer plans with automatic enrollment.
Located at: Investment Company Institute, February 2008. Click on headline for full article.
How to Measure ROI of Your Financial Education Programs - Summary: Is it enough that employees say they like and appreciate the program or do there have to be tangible results? What benchmarks should they be tracking to ensure that the program is worth the money they are spending on it? There are a number of ways to track the success of your financial education program.
Located at: Financial Finesse , February 2008. Click on headline for full article.
Comments to DOL on Proposed 408(b)(2) Regulations - Summary: ERIC, along with the National Association of Manufacturers, the U.S. Chamber of Commerce, the Profit Sharing/401k Council of America, the College and University Professional Association for Human Resources, and the Society for Human Resource Management, submitted these comments to the Department of Labor on the proposed regulations regarding service provider disclosures under ERISA Section 408(b)(2).
Located at: ERISA Industry Committee, February 2008. Click on headline for full article.
Expert Offer Enrollment Strategy Advice - Summary: If employers wish to see robust participation rates in their 401k plans, they need to have brief and informative educational sessions, easy-to-enroll options and features that allow them to defer decisions to experienced brokers.
Located at: Employee Benefit News (free registration may be required), February 2008. Click on headline for full article.
VIDEO: IRS Enforcement Priorities - Summary: This video was produced by the IRS Office of Employee Plans and is designed to provide useful information to help retirement plan sponsors choose and operate their plans.
Located at: IRS, February 2008. Click on headline for full article.
VIDEO: Stopping Abuses in Retirement Plans - Summary: This video was produced by the IRS Office of Employee Plans and is designed to provide useful information to help retirement plan sponsors choose and operate their plans.
Located at: IRS, February 2008. Click on headline for full article.
VIDEO: Fixing Plan Mistakes Found During an IRS Audit - Summary: This video was produced by the IRS Office of Employee Plans and is designed to provide useful information to help retirement plan sponsors choose and operate their plans.
Located at: IRS, February 2008. Click on headline for full article.
VIDEO: Self-Correcting Plan Mistakes - Summary: This video was produced by the IRS Office of Employee Plans and is designed to provide useful information to help retirement plan sponsors choose and operate their plans.
Located at: IRS, February 2008. Click on headline for full article.
VIDEO: Maintaining Your Plan - Summary: This video was produced by the IRS Office of Employee Plans and is designed to provide useful information to help retirement plan sponsors choose and operate their plans.
Located at: IRS, February 2008. Click on headline for full article.
SPARK Institute Comments on DOL Fee Disclosure Regulations - Summary: Among the key issues addressed in The SPARK Institute's letter are the disclosure and contract requirements when a plan service provider maintains the records and facilitates investments for a plan sponsor in non-proprietary investment products through bundled or "open architecture" recordkeeping arrangements.
Located at: 401khelpcenter.com, February 2008. Click on headline for full article.
Transparency Sought in 401k Fees - Summary: Many workers currently enrolled in a 401k plan don't know they could be losing money through hidden fees and conflicts of interest. Now the Labor Department has proposed some new rules for disclosure.
Located at: NPR's Marketplace, February 2008. Click on headline for full article.
The Great 401k Escape - Summary: If the offerings in your employer's plan aren't so great, put your money into an individual retirement account using a little-known maneuver: an "in-service" distribution.
Located at: Forbes, February 2008. Click on headline for full article.
COMMENTARY: 401k Expenses: Pending Disclosure Regs - Summary: The author writes, "Can any reasonable observer--which is to say, anyone not totally compromised by their affiliation with certain products--suggest that...transparency would be bad for participants?"
Located at: The Float Blog, February 2008. Click on headline for full article.
COMMENTARY: The SRI Fiduciary Cop Out - Summary: Professional judgment is required to evaluate the facts and circumstances pertinent to each portfolio under management. The responsible fiduciary must understand the interests of those they serve and decide which decision making approach better meets their objectives.
Located at: Producersweb.com, February 2008. Click on headline for full article.
Labor Department Seeks Contempt Order Against Hewitt - Summary: The U.S. Department of Labor announced that it has asked a federal district court in Houston, Texas, to hold Hewitt Associates LLC in civil contempt for failing to comply with an allocation formula approved by the court when it disbursed court-supervised settlement funds to Enron employees at the end of 2006.
Located at: U.S. Department of Labor, February 2008. Click on headline for full article.
State Laws Permitting Same-Sex Marriages Have no Effect on Retirement Benefits - Summary: The legalization of same-sex marriages in some states, such as occurred in Massachusetts in 2004, will not enable same-sex partners to receive spousal retirement benefits under private pension plans, Federal employee pension plans or Social Security, according to a study by the Congressional Research Service.
Located at: CCH, February 2008. Click on headline for full article.
Comments on Automatic Contribution Arrangement in 401k Plans - Summary: Comments prepared by the ASPPA 401k Subcommittee of the Government Affairs Committee and submitted to the IRS on the proposed regulations released for Automatic Contribution Arrangements under 26 CFR Part 1.
Located at: ASPPA , February 2008. Click on headline for full article.
Comment Letter to IRS Regarding Proposed Automatic Enrollment Regulations - Summary: This letter outlines some concerns including qualified automatic contribution arrangements (QACAs), eligible automatic contribution arrangements (EACAs), and permissive withdrawal issues.
Located at: American Benefits Council , February 2008. Click on headline for full article.
COMMENTARY: Hutcheson Comments on DOL Disclosure Regs - Summary: Without proper and complete disclosure, Sponsors and Participants are unable to assess quality of services, monitor and evaluate efficiency and proficiency of service providers, and ultimately determine whether what is being paid is in fact worth the results obtained.
Located at: 401khelpcenter.com , February 2008. Click on headline for full article.
401k Expense Recapture - Summary: The recent focus on fees and expenses is causing many employers to closely examine the fees and expenses of their plans. As a result, some employers have been able to negotiate reduced fees.
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
When a Distribution Upon Termination Must be Halted - Summary: An employee, who had recently been laid off and requested a distribution from the plan, was rehired in another department of the same company. How do you determine whether the employee can receive the distribution despite the fact that she had been rehired?
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
Qualified Default Investment Alternatives - Summary: Three questions answered concerning Qualified Default Investment Alternatives.
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
Limitation on Liability in Service Provider Agreements - Summary: Service providers sometimes try to limit their liability for mistakes through provisions in their service contracts. These provisions raise a number of questions that plan sponsors need to consider.
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
Design Issues for Automatically Enrolled Plans - Summary: This article discusses three real client cases. The first is for a company that had a high level of turnover; the second is for a company that had low deferral rates for currently participating employees; and the third is for a company that was worried about the cost of matching contributions.
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
To Roth or Not? -- That Is the Question - Summary: Do regular 401k and IRA accounts offer greater tax benefits than Roth 401ks and Roth IRAs? It is a tough question, but this paper attempts to study the relative merits of regular and Roth retirement accounts.
Located at: Boston University , February 2008. Click on headline for full article.
COMMENTARY: Where is the Outrage Over Retirement? - Summary: The author writes, "For all of the passion that employers, lawmakers, media outlets, presidential candidates and consumers infuse into the national debate on health care - and rightfully so - I still can't help but wonder why there isn't a similar hue and cry about Americans' lack of retirement readiness."
Located at: Employee Benefit News (free registration may be required), February 2008. Click on headline for full article.
What Makes Me a Fiduciary? - Summary: Lately, the word on the street has been that retirement plan fiduciaries are being put under a high degree of scrutiny for their actions or, more importantly, their inactions. This article will help you determine if you are a fiduciary and what to do if you are.
Located at: Milliman , February 2008. Click on headline for full article.
Target Date Funds Are Here to Stay - Summary: As a result of the Pension Protection Act of 2006, target date funds will likely become the auto-enrollment default option in tax-deferred retirement plans. The potential growth in assets committed to target date funds over the next five to ten years is astounding.
Located at: Financial Advisor, February 2008. Click on headline for full article.
GenXs Put Retirement at End of Financial Priorities - Summary: Though concerns about their retirement exist, members of Generation X say those concerns are on the backburner while they deal with current financial priorities, according to a recent survey.
Located at: Planadviser.com, February 2008. Click on headline for full article.
Three Ways to Protect Your 401k in a New Job - Summary: Job changes can be complicated. If you're not careful, your 401k and medical benefits can suffer some damage in the transition.
Located at: TheStreet.com, February 2008. Click on headline for full article.
Aggressive Retirement Savers are Worried - Summary: Individuals who save more, and are more active in managing their retirement savings, are less confident in their retirement security compared to individuals with lower savings rates.
Located at: Bizjournals.com, February 2008. Click on headline for full article.
Company Stock Price Not Only Factor in ERISA Prudent Standard - Summary: The U.S. District Court for the District of Massachusetts recently held that employer W.R. Grace and Co. and State Street Bank and Trust Co. did not breach their fiduciary duties when making the decision to divest Grace's 401k plan of the Grace Stock Fund.
Located at: Planadviser.com, February 2008. Click on headline for full article.
Final DOL Regs on QDIA Offer Some Fiduciary Protection - Summary: Final rules from the Department of Labor specify how contributions may be directed to qualified default investment alternatives. Using a QDIA gives trustees a little extra fiduciary protection.
Located at: Employee Benefit News (free registration may be required), February 2008. Click on headline for full article.
COMMENTARY: Investing for 401k Accumulation not the Same as Investing for Lifetime Income - Summary: While most investors these days are focusing on risk in terms of the market and its effect on their account balances, they should pay attention to a larger risk -- longevity risk.
Located at: Retirement Plan Blog, February 2008. Click on headline for full article.
The DOLs Proposed 408(b)(2) Regulation - Summary: This is the first in a series of bulletins about the Department of Labor's new proposed 408(b)(2) regulation mandating disclosures of compensation and conflicts of interest by plan service providers including independent registered investment advisers.
Located at: Reish Luftman Reicher & Cohen, February 2008. Click on headline for full article.
Gazing at the New-Product Horizon - Summary: The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Located at: Investmentnews.com (free registration may be required), February 2008. Click on headline for full article.
Department of Labor Issues Guidance on 401k Plan Fees - Summary: As a result of this DOL guidance on 401k plan fees, plan fiduciaries should have access to the information they need to carry out their duties. But given the large amounts of money at stake, and the sheer competitiveness of the 401k industry, comments on these proposed rules will likely be voluminous and contentious.
Located at: Mintz Levin, February 2008. Click on headline for full article.
DOL Officials Say Investment-Only Funds Must Reveal Fees - Summary: It was thought that only those mutual fund companies that provide record-keeping or other services to 401k plans would be required to track and disclose compensation arrangements with their vendors under the proposed rule. But Labor Department officials dropped a bombshell.
Located at: Pension & Investments, February 2008. Click on headline for full article.
COMMENTARY: Longevity Securitization - Summary: These days 401k investors are focused on what they perceive to be their largest risk...the risk that their investments will lose value. In fact, many are unaware that a much larger risk looms...longevity risk.
Located at: Fiduciary Investor Blog, February 2008. Click on headline for full article.
Field Assistance Bulletin 2008-01 - Summary: Deals with fiduciary responsibility for collection of delinquent contributions and the question, "What are the responsibilities of named fiduciaries and trustees of ERISA-covered plans for the collection of delinquent employer and employee contributions?"
Located at: U.S. Department of Labor, February 2008. Click on headline for full article.
401k Plan Fee Litigation Rages On - Summary: Within the past year, a number of companies have been sued over the fees paid by participants in their 401k plans. Plaintiffs allege that defendants breached their fiduciary duties by allowing the plan's service providers to charge excessive and undisclosed fees.
Located at: ProducersWEB.com, February 2008. Click on headline for full article.
401k Plan Eligibility Survey - Summary: This is the tenth year that PSCA has collected defined contribution plan eligibility data. The changes over time have been significant.
Located at: Profit Sharing/401k Council of America , February 2008. Click on headline for full article.
Plan Sponsors Show Growing Interest in Automated Investment Features - Summary: According to the information issued by the International Foundation of Employee Benefit Plans, there is growing interest in the use of automated investment features in the administration of both defined benefit plans and defined contribution plans.
Located at: CCH, February 2008. Click on headline for full article.
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