When Employees Overpay…Employers Pay!
The evidence is mounting. Thousands of participants in ERISA retirement plans are overpaying for plan services. As a result, a growing number of employers are paying fines under a U.S. Department of Labor enforcement initiative.* In an attempt to stem the tide of...Why 401(k) Committees are Mulling Over IRA Rollovers
The new ERISA Conflict of Interest rule specifically targets IRA rollovers from retirement plans. The rule makes the recommendation of a distribution of a plan participant’s money to an IRA (a rollover) a fiduciary act. The potential impact requires proper...The Brewing Crisis Over Retirement Plan Fees
A crisis among retirement plan sponsoring enterprises is unfolding. The challenge facing their leaders is to ensure that operations managers are equipped with the training, guidelines, controls, and tools that elevate fiduciary risk management to its proper priority....IRA fiduciary rollover risk can be managed
Tip for October 2017 401(k) and 403(b)-like retirement plans face the possibility of serious trouble when plan participants rollover their account balances to individual retirement accounts (“IRA”). Your fiduciary management system needs to embrace IRA...Penalties hit ERISA plans in spite of CPA audits
Tip for July 2017 The Department of Labor (“DOL”) assesses significant penalties for an improperly filed Form 5500. Mistakes on an ERISA plan’s Form 5500 create a nice target for the Internal Revenue Service’s auditors, too. While the number of...Contact us…
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