Appellate Court Rejects Bank of America Participants’ Claim for More Relief
Noting that the bank already made restitution to the participants under an IRS closing agreement, the 4th Circuit agreed with...
Tag: 401(k) plans
Most Americans Have Not Figured Out How Much is Needed to Retire
Among those who have made an estimate, the median amount is $650,000, Bankrate.com learned in a survey.
Commitment to 401(k) Investing Remains Strong
A mere 2.7% of Americans stopped contributing to their defined contribution plan in 2017, the ICI reports.
Recent Dip in Average Fidelity Account Balance Belies Long-Term Trend
Average individual 401(k), 403(b) and IRA account balances increased year-over-year, according to the latest cut of data from Fidelity’s book...
Americans Would Like Retirement Security Laws Passed
Eighty percent of American workers surveyed said they would like to hear congressional candidates discuss retirement security.
401(k) Investors Moved into Fixed Income in April
In light of the market volatility, they fled from equities
(b)lines Ask the Experts – Dealing With Missing Participants
“I have been reading a lot about missing retirement plan participants lately. If our plan has any, should I be...
Opinions |
Barry’s Pickings: Keeping Employers in the 401(k) System: Fixing 401(k) Fee Litigation
Michael Barry, president of the Plan Advisory Services Group, delves into fee litigation assumptions—and what is wrong with them.
Opinions |
Barry’s Pickings: The Role of the Employer in the 401(k) System
Michael Barry, president of the Plan Advisory Services Group, opines about the most important role of the employer in the...
New 401k Averages Book Continues to Show Larger Plans Pay Lower Fees
The latest book was expanded to include 401(k) fee information on plans with large participant account balances.
PLANSPONSOR Announces 2018 Best in Class 401(k) Plans
Plans were rated using 35 criteria related to plan design, oversight/governance and participant outcomes.
Plan Sponsors Pushing Boundaries of Auto Features
In 2016, 40.2% of plan sponsors surveyed by the PSCA used a default rate for auto enrollment greater than 6%.
Plan Sponsors Should Remind Participants About the Saver’s Credit
Many participants do not know about the credit, the Transamerica Center for Retirement Studies found.
Oracle Excessive Fee Suit Gets Class Certification
However, a federal judge certified subclasses on the imprudent investment claims because class representatives were not all invested in the...
410(b) Coverage Testing for Firms With Both 401(k) and 403(b)
“I work for a firm that recently took over as third-party administrator (TPA) for the retirement plans of a large...
Ascensus Finds Increase in 401(k) Employer Contributions
Market returns, adoption of safe harbor plans and more education to participants can be attributed to this increase.
Appellate Court Hands Win to Hewlett-Packard in Stock Drop Case
Another employer win in a stock drop suit indicates it is tough for retirement plan participants to meet the pleading...
Wells Fargo 401(k) Participant Files Excessive Fee, Self-Dealing Suit
Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants...
Federal Reserve Data Shows Strengthening Economy’s Impact on the DC Space
The Fed's analysis concludes that 401(k) plans “could work much better and balances would be higher if all plans were...
General Electric Charged With Self-Dealing in 401(k)
401(k) participants claim GE retained underperforming proprietary funds in the plan so that its asset management arm could earn significant...