category archives: 401(k) News

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No Jargon, Please: Think 401(k) Investors Know What ‘Fund’ Means? Think Again

  • Written by David
  • July 24, 2012 at 6:37 pm
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source: http://www.advisorone.com/ All too often our respective industries get caught up in its own jargon. This article illuminates the subject too painfully well with respect to retirement plans. Along with behavioral finance (the study of our investment decisions), one can see why the investment arena is a mystery to many.. excerpts from the article below. [...]

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Website Back Online…

  • Written by David
  • July 8, 2012 at 4:13 am
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Over the weekend, our web hosting company mistakenly took a holiday ‘out of office reply’ as spam, and shut down our websites and email accounts. All systems are being restored. We apologize for this error created by the hosting company.

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401k Hidden Fees? 7 of 10 workers did not know they paid 401k fees.

  • Written by David
  • May 31, 2012 at 1:18 am
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On Wednesday May 30, 2012 ABC News ran a segment on their national news program titled, “401k Hidden Fees?” Retirement plan sponsors need to watch this 2:06 minute clip as your employees probably already did watch it. The clip highlights a study done by AARP where their findings show that 7 of 10 workers did [...]

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Your Final Answer; DoL Issues Final Rule on 401(k) Fee Disclosure

  • Written by David
  • February 3, 2012 at 4:00 pm
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Source: Plan Adviser Magazine   Feb 02, 2012 — The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration (EBSA) issued a final rule on 408(b)(2) fee disclosure Thursday. — The DoL also announced a three-month extension to the rule’s effective date, meaning service providers must be in compliance by July 1, 2012 for new [...]

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Independent 401k Plan Benchmarking; Fees, Services, Investments

  • Written by David
  • January 31, 2012 at 8:59 pm
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What is independent 401(k) Plan benchmarking? It is the process whereby the employer (called the plan sponsor) may gauge the competitiveness of his/her retirement plan across the industry. Our benchmarking services can and do review fees, service levels and investments. Simply put, the process helps the plan sponsor understand the value they are receiving from [...]

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Investors Will Scream When They See 401(k) Fees

  • Written by David
  • December 15, 2011 at 5:48 am
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I was recently on a national conference call (hosted by Plan Sponsor Magazine) discussing the 2012 401k fee disclosure legislation, and one of the presenters from Lincoln Financial Group spoke candidly about focus groups they had conducted on this subject. The focus group reactions were startling regarding 401k fee discovery by participants. This bluntness begs [...]

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Walmart Agrees $13.5M Settlement in Employees 401K Fees Class Action

  • Written by David
  • December 13, 2011 at 4:00 am
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New York, NY: Walmart has agreed to a $13.5 settlement of a securities class action brought by employee Jeremy Braden, and others, who alleged that the retail giant, together with Bank of America’s Merrill Lynch unit, passed along “unreasonably high fees and expenses” to its 2 million workers who had 401(k) plans. As with many [...]

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Multiple Employer Plans (MEP)

  • Written by David
  • December 6, 2011 at 12:36 am
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What is a MEP? It is a type of employer retirement plan that relieves the business owner of many of the time-consuming duties and responsibilities associated with sponsoring a plan. There are four main elements that MEP’s address for the employer. Reducing/Redirecting Fiduciary Responsibility & Liability Reducing Tax Filings Reducing Human Resources/Employee Benefits Staffing Levels [...]

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The Anchoring Effect: How to Save Investors From Inertia

  • Written by David
  • November 29, 2011 at 4:09 pm
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Source: Savita Iyer-Ahrestani, AdvisorOne Click here for full article. Selected text from article and bolded by Gratke Wealth. Instead of protecting clients in rough waters, the anchoring effect prevents them from staying afloat Although it has become much easier for individual investors to adjust their retirement accounts as often as they wish, human nature is [...]

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New U.S. Department of Labor Retirement Plan Disclosure Regulations

  • Written by David
  • November 18, 2011 at 6:32 pm
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Source: RidgeWorth Investments The new regulations under the Employee Retirement Income Security Act of 1974 (ERISA), Section 408(b)(2), and ERISA, Section 404(a)(5) make significant changes to the required disclosures to be made to both plan sponsors and plan participants and require all plan service providers to furnish more information about their services, expenses and fees. [...]

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