‘Excessive’ 401(k) fee lawsuit ends with $13.5 million settlement
Here’s an example of just how costly it can be when workers decide you’re not doing everything in your power to avoid paying excessive 401(k) fees.
Here’s an example of just how costly it can be when workers decide you’re not doing everything in your power to avoid paying excessive 401(k) fees.
Is your 401(k) in danger? A group of pension professionals thinks so.
Employers are constantly reminding employees to put enough money aside in their 401(k)s to ensure a comfortable lifestyle when it’s time to retire, but can you guarantee those funds are safe in the meantime?
Cigna was just added to an elite list that includes Caterpillar Inc., Bechtel Corp. and Kraft Foods Global, Inc. These are some of the major firms that recently found themselves on the wrong end of a 401(k) lawsuit.
Study after study confirms that most workers aren’t setting aside nearly enough money for retirement. As a result, an increasing number of individuals are prolonging their retirement. This can have a drastic effect on employers, so is it time for firms to get more aggressive?
One of the keys to increasing participation in your company’s retirement plan is making things easier for employees. These plan features do just that.
When employees receive their initial statement detailing the 401(k) fees they’re paying, you’re likely to get slammed with questions from those employees wondering what it all means.
Sure, you should expect your 401(k) provider to deliver results. But there are plenty of things you can do in-house to ensure your staff gets the most from their retirement plans.
IRS has just announced the 2021 pension plan limits — and surprised many employers in the process. In an unexpected move, the Taxman will hold many pension plan limits steady, including several of the “biggies.” Of course some other limits will increase. Here’s what you need to make sure Payroll is ready come January. What’s […]
As CFOs are well aware, target-date funds (TDFs) have become one of the most popular investment options for 401(k) plan sponsors. But an alarming number of workers don’t even understand the basics of this investment option – even when they themselves are investing in TDFs.
Just a few short years ago, the idea of incorporating financial elements in a company-sponsored wellness program was a foreign concept for most firms.
Can’t lavish employees with big raises or bonuses? Don’t take that as an excuse for unmotivated staffers. It’s not about the money.
Considering the even-bigger bite health insurance is about to take out of most employers’ budgets (thanks, Obamacare), companies are facing many tough decisions when it comes to their benefits offerings.
Even if all of your employees are enrolled in your retirement plan, chances are most of them aren’t on pace to retire on schedule.
Salary freezes, hiring freezes, travel freezes — no wonder it feels so cold in the office these days. Or maybe that’s employees’ chilly disposition.
Is your 401(k) investment committee doing everything it should? With Finance execs being asked to take a more active role in their companies’ retirement plans, that’s a question that needs to be examined on a regular basis.
Get up to date with our Blueprints.