401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
The Employee Benefits Security Administration (EBSA) is releasing final 408b-2 regulations. In addition to removing the “Interim” tag on the regulations, a few changes were made to the disclosure rules. Most importantly, the effective date for 408b-2 compliance was moved back to July 1, 2012. The following are some of the newest 408b-2 regulation changes [...]
While the term glide path may still be defined by Merriam-Webster as “the proper path of descent for an aircraft preparing to land”, 401k plan sponsors know this refers to a Target Date Glide Path. This is the process by which your 401k Target Date Investments gradually reduce their equity exposure as participants near retirement age. As currently designed, [...]
As a reminder to all 401k plan sponsors, among the many items contained in the Pension Protection Act of 2006, one section allows for three new optional amendments. While these optional amendments have not gotten as much coverage as other features, many 401k plan sponsors are finding them attractive. Three Pension Protection Act Optional Amendments are [...]
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 [...]
Both the mainstream press and reports from 401k vendors indicates that participants’ 401k accounts either have, or are nearing, pre-recession levels. That said, the mixture of both relief and disbelief that plan sponsors are experiencing needs be somewhat tempered. As with most issues, the “devil is in the details.” The Vanguard Group recently reported that 60% [...]
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