Fiduciary breach claims consume a tremendous amount of resources.  Can mandatory arbitration between retirement plan sponsors and participants stem the tsunami of fiduciary breach litigation?  The answer is, “Maybe.”  ...

Women’s financial security has been hit hard during the Covid-19 pandemic.  Yahoo Finance recently hosted a panel discussion about women’s financial security.  Women’s financial security is at-risk do to ...

Managed accounts and financial wellness are finally being recognized as a valuable combination for retirement strategy.  Usage in defined contribution retirement accounts is picking up steam.  It turns out, ...

401k cybersecurity risk assessment is no longer a task that can be put-off.  Consequently, a plan sponsor’s fiduciary duty encompasses 401k cybersecurity risk assessment.  Managing 401k cybersecurity risk is ...

401k Fiduciary RFP responsibilities normally fall to the Retirement Committee members and other trustees.  Retirement plan committees and fiduciaries should periodically benchmark their plan service providers.  Make sure that ...

Investment Policy Statement (IPS) language must stop short of promising too much.  An Investment Policy statement can do more harm than good if it moves from policy to guaranteeing ...

Financial wellness programs are becoming a more popular employee benefit.  One of the reasons financial wellness programs have become so popular is due to how it can impact an ...

Financial literacy is the first step in achieving financial wellness.  Without financial literacy the average employee will have a difficult time grasping the concepts associated with being financially well.  ...

Wellness benefits can reduce employee stress, improve workplace productivity, and drive down healthcare costs.  In many ways, wellness benefits can deliver a boost to a company’s bottom line.  However, ...

Retirement plan fraud is increasingly impacting 401k Plan Participant Accounts.  Unfortunately, Cyber-attacks and retirement plan fraud continues to be the focus for many risk managers and recordkeepers. A large ...