Video: Fulfill Your Fiduciary Duty of Continuous Plan Monitoring
As an ERISA fiduciary, you must continuously monitor your plans. This was affirmed in a major 401k lawsuit, Tibble vs Edison. When defendants in that case argued that they need...Read More
How can Larkspur-Rixtrema’s Plan Monitor help plan advisors become better fiduciaries?
Plan Monitor, which is part of the 401k Fiduciary Optimizer, would provide the advisor with the dashboard to keep track of the health of their existing clients’ retirement plans by...Read More
3 Tips for 401(k) Plan Advisors in 2023
The end of January is a time to stop reflecting on last year and start really implementing changes in your professional life. For fiduciaries the focus is always on improving a plan’s governance and ensuring plan participants are satisfied with your work. Here are a few ideas for plan fiduciaries to consider in 2023.
Questions Plan Sponsors Should Ask Retirement Plan Advisers
The relationship with a financial adviser is key for retirement and the financial health of a plan sponsor’s employees. Advisers should become more knowledgeable not only about retirement, but also about other aspects of retirement planning.
8 steps for Defined Contribution plans to consider in 2022
n the United States, defined contribution (DC) plans are facing unprecedented problems.According to Groom Law Group, the number of litigations under the Employee Retirement Income Security Act of 1974 (ERISA) reached a new high in 2020, with more than 200 new class action claims filed, and an increase of 80% in 2019.
2021 PLANSPONSOR Best Practices Conference Summary: ERISA, Outsourcing, and Benchmarking
Plan sponsors have a fiduciary duty to ensure that their company's retirement plans are properly designed and managed.
Adding Cryptocurrency to your 401(k) Plan: Risks and Best Practices
Cryptocurrencies still garner a lot of attention in the investment world, and despite remaining high-risk they are amongst the asset options for retirement plan diversification.
Rise in Retirement Plan Excessive Fee Litigations
The number of lawsuits involving 401(k) plans has increased significantly in recent years, peaking in 2020. The number of ERISA lawsuits in 2020 saw an 80% increase compared to 2019.
Introduction: Why MEPs and PEPs are the Plan of the Moment
Do you know that only 53 percent of employees at small businesses have retirement planning options? Now, if we consider the fact that there are 5 million to 6 million companies in the U.S. and just 650,000 defined contribution plans, it becomes obvious that saving for retirement is a big issue in America that needs to be resolved.
Pension Plans: Are They Coming Back in a New Form?
Defined Contribution plans like 401(k)s have almost replaced pension plans entirely, although many plan providers and insurance companies are trying to make DC and pension plans similar in a number of ways. The latest step in that direction has been to include guaranteed income options in 401(k)s, which will be tested out soon in the market.