The latest book was expanded to include 401(k) fee information on plans with large participant account balances.
Tag: 401(k) plans
In 2016, 40.2% of plan sponsors surveyed by the PSCA used a default rate for auto enrollment greater than 6%.
Many participants do not know about the credit, the Transamerica Center for Retirement Studies found.
However, a federal judge certified subclasses on the imprudent investment claims because class representatives were not all invested in the 401(k) funds challenged.
“I work for a firm that recently took over as third-party administrator (TPA) for the retirement plans of a large private tax-exempt 501(c)(3) hospital.
Market returns, adoption of safe harbor plans and more education to participants can be attributed to this increase.
Another employer win in a stock drop suit indicates it is tough for retirement plan participants to meet the pleading standards set forth in Fifth Third v. Dudenhoeffer.
The Fed's analysis concludes that 401(k) plans “could work much better and balances would be higher if all plans were fully automatic.”
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme Court.
Employees say they use company stock acquired through their ESPP to help pay down debt, add to their retirement savings, finance real estate or home improvement projects, or simply set aside for a rainy day.
“I read with great interest your recent Ask the Experts column about one-time irrevocable elections for 403(b) plans.