401(k) plan expense categories

A closer look at 401(k) plan expense categories Keeping a sharp eye on your 401(k) plan’s expenses — a fundamental duty of fiduciaries — can require the use of a magnifying glass, at least metaphorically speaking. Take the case of what’s paid out of retirement plan...

Outgrowing 401(k) Matching?

Have you outgrown the need for matching 401(k) contributions? From time to time, it can be helpful to question the way you’ve been administrating your retirement plan. For example, many plan sponsors provide matching contributions on participant 401(k) plan deferrals...

Shift of responsibility on 401(k) breaches

First Circuit shifts burden of defending a fiduciary 401(k) breach claim A recent ruling could set the stage for a definitive U.S. Supreme Court opinion regarding retirement plan fiduciaries’ liability on the subject of monitoring plan expenses. The U.S. Court of...

401(k) Compliance Alert April 2019

COMPLIANCE ALERT Upcoming compliance deadlines: 4/1       Initial required minimum distribution for participants who attained age 70½ in 2018 (applies to qualified plans where the participant is at least a 5% owner and to IRA accounts) 4/15     Deadline for corrective...