Exclude Part-time Workers from Your DC Plan at Your Peril
Many defined contribution (DC) plan sponsors may think that they can automatically exclude part-time workers from the company’s retirement plan. Companies need to understand that...
Compliance
Will Litigation Drive Out Large 401(k) Plans?
The recent spate of lawsuits against defined contribution (DC) plan sponsors by their participants has many companies wondering, according to a noted ERISA law firm,...
DOL Targeting Failure to Pay Retirement Plan Benefits in Timely Manner
At a recent TPSU (The Plan Sponsor University) program held at the University of Alabama Huntsville, the question arose of what triggers a DOL audit....
Oracle Sued by Schlichter Law Firm
In what is becoming a wave of lawsuits involving defined contribution (DC) plans like 401(k)s, Oracle was sued by participants over excessive fees and imprudent...
Participant Sues Empower-Retirement Over Revenue Sharing
Do you ever wonder how defined contribution (DC) record keepers and administrators get paid if the plan sponsor does not write a check? Most companies...
Employees Must Sign Not to Enroll
The HR manager at Nathan’s Famous at a recent TPSU program held at Long Island University explains how her company achieved over 90% participation...
When to Fire Your Provider
As much as you might have come to like and even enjoy working with your 401(k) and 403(b) service providers, quoting the late great Beatle...
Technology Adding New Liabilities for DC Plan Fiduciaries
Most employees access their 401(k) and 403(b) accounts electronically and most communications with plan participants by plan sponsors, advisors and providers are digital. But have we looked at how people digest information differently on the screen compared to on paper and what are the implications for ERISA fiduciary rules managing their company’s defined contribution plan?...
The High Cost of Free
Remember when defined contribution (DC) and 401(k) record keepers use to offer employers a free or no cost retirement plan? Though those days are mostly...
Who are the Most Generous DC Plan Sponsors?
Which industries offer the most and least generous benefits focused on DC (defined contribution) plans? An industry market researcher looked at various plan designs to...
