In today’s world of retirement plan fee transparency and litigation over a multitude of plan expense-related issues, business owners and executives (plan sponsors) are becoming increasingly aware of the fiduciary liability they possess – liability that results from the investment decisions they make regarding their company’s retirement plans. We’re observing that many plan sponsors are eagerly seeking ways to mitigate if not eliminate this liability. As a business owner or executive with ... [Continue Reading]
401(k) Plan Sponsors
Articles and resources related to 401(k) Plan Sponsors.
What will the average age of your workforce be in ten years? This is a question that many forward-thinking business owners and executives are asking themselves. The reality is that many so-called “older” employees, or employees beyond what is considered average retirement age, will be forced to stay in the workplace longer due to a lack of sufficient retirement savings. A recently published U.S. Government Accountability Office (GAO) analysis of a 2013 Survey of Consumer Finances found that ... [Continue Reading]
It is interesting to observe how perceptions vary from reality when it comes to 401(k) plan participant retirement account fees. In a survey conducted by Rebalance IRA, they found 46 percent of employed baby boomers believed that they do not pay any retirement account fees at all, 19 percent thought their fees were less than 0.5 percent and only 4 percent of those surveyed believed that they pay more than 2 percent in retirement account fees.1 According to the 401(k) Averages Book, the ... [Continue Reading]