On The Hook: Errors Caused By Providers?
As a plan sponsor, one of your critical duties is the selection and monitoring of the plan service providers. If they make an error, you could be held personally liable. Though you can never fully…
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Head’s Up: Fee Disclosures?
Finding that 45% of retirement plan participants do not understand the information they receive about fees, the Government Office of Accountability has given the Department of Labor recommendations for strengthening fee disclosure regulations. What Will…
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Cryptocurrency and 401(k)?
As the work world—and employee expectations—continue changing rapidly, don’t be surprised by a curiosity about the potential for cryptocurrency as an investment option in the company retirement account. There are in fact a growing number…
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Retirement Lingo: Scratch The Jargon
Studies find that retirement plan participants crave more clear communication. Jargon is off-putting for everyone—and especially for Generation Z and Millennials. Industry experts conclude that even small changes can increase clarity, understanding and engagement. What…
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Responsible?
If you are a plan sponsor, responsible—that’s you. In fact, ERISA law obligates you to be more careful with the retirement assets of your employees than you are with your own money. Irresponsibility—whether or…
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Protecting Veterans: COVID-19 Vaccines and More
It is estimated that 7 million veterans will want to receive the COVID-19 vaccination from the Department of Veterans Affairs (VA). Plans are underway! Getting Started The VA will begin COVID-19 vaccinations with frontline health…
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401(k) Class Action Suits on The Rise: Protect Yourself and Your Plan
Benefits lawyers are currently experiencing a flood of lawsuits related to 401(k) plans. Plan sponsors need to closely follow ERISA regulations and ensure protection for retirement plans—and themselves. Challenging 401(k) Plan Fees An analysis by…
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The 401(k) Partial Termination Rule: Have You Invoked It?
Navigating the pandemic continues to force companies to make tough choices, including temporarily or permanently reducing the workforce. Plan sponsors need to assess the ramifications for 401(k) plans. Understanding the IRS Partial Termination Rule…
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The Importance of Communicating About Employee Benefit Plans
Employees lack trust in benefit plans. As a business owner—and plan sponsor, take action to respond to their needs. A great first step: provide more information. What Do Employees Want to Know About Benefit Plans?…
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