401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
The Department of Labor (DoL) has recently released new rules regarding the ERISA 408(b)(2) Servicer Provider Rules and ERISA 404(a) Participant Disclosure Rules. 408(b)(2) regulations become effective July 1, 2012. Service Provider Rules (ERISA 408(b)(2)) The final rule extends the date of Service Provider Fee Disclosure to July 1, 2012. This allows service providers an [...]
As a 401k plan sponsor, you’ve heard of ERISA section 404(c) and have probably wondered if adhering to it can help keep your plan out of trouble. To understand how ERISA 404(c) can help protect plan sponsors / fiduciaries from litigation, let’s examine a series of 401k fee and expense class action lawsuits spearheaded by a St. Louis [...]
A recent study by the Investment Research Team at Retirement Plan Advisory Group found that there is a “skill” premium among the highest quality investment managers. Simply put, high quality managers typically have a higher average expenses than the average investment option. While these low cost investment options presumably have an advantage in outperforming their higher cost counterparts, [...]
In many cases, your Company’s Board of Directors is not aware that they are considered 401k plan fiduciaries under ERISA. The Board is, however, able to mitigate their exposure somewhat by designating a person(s) or entity with certain specific responsibilities. The specifics contained within the Charter will reflect the purpose of this new oversight group. Charters fall into three [...]
Related News About 401k Advisors
Let’s Connect!