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Proposed 5500 Reform Won’t Help 401(k) Fee Benchmarking

Proposed 5500 Reform Won’t Help 401(k) Fee Benchmarking

By: Eric Droblyen

September 29th 2021

401(k) fees can be impossible for plan fiduciaries and participants to compare apples-to-apples. Proposed Form 5500 changes will do little to help.
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GAO Recommends Much Needed 401(k) Fee Disclosure Reform

GAO Recommends Much Needed 401(k) Fee Disclosure Reform

By: Eric Droblyen

September 15th 2021

The GAO found 40% of plan participants do not understand the 401k fee information mandated by the DOL; recommends welcome fee disclosure reform.
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Could the FTC Save Consumers from Hidden 401(k) Fees?

Could the FTC Save Consumers from Hidden 401(k) Fees?

By: Eric Droblyen

September 1st 2021

The Institute for Policy Integrity petitioned the Federal Trade Commission (FTC) to ban “hidden fees in all industries." They should start with hidden 401(k) fees.
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The New Employee Fiduciary 401(k) Knowledge Center Is Here!

The New Employee Fiduciary 401(k) Knowledge Center Is Here!

By: Eric Droblyen

August 18th 2021

The Employee Fiduciary knowledge makes it easier for employers to offer a cost-efficient 401(k) plan and for employees to take full advantage of their plan.
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401k Fiduciary Liability Insurance – Factors that Raise Premiums

401k Fiduciary Liability Insurance – Factors that Raise Premiums

By: Eric Droblyen

August 4th 2021

Understanding the factors that increase the price of 401(k) fiduciary liability insurance coverage can help plan fiduciaries more easily avoid liability.
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How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

How to Simplify Your 401k Admin with a Cycle 3 Plan Restatement

By: Eric Droblyen

July 21st 2021

Most 401(k) plans must be "restated" to reflect IRS-mandate Cycle 3 changes from August 1, 2020 to July 31, 2022. Here are some plan simplifications to consider.
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401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

401(k) Plan Oversight - Understanding Your Fiduciary Hierarchy is Key

By: Eric Droblyen

July 7th 2021

As a business owner, you want to understand the basic fiduciary hierarchy applicable to all 401(k) plans and the responsibilities of each role within it.
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401(k) Rollovers - How to Evaluate Your Options

401(k) Rollovers - How to Evaluate Your Options

By: Eric Droblyen

June 23rd 2021

401(k)s and IRAs can offer wide-ranging investments, fees, and features. Making a bad rollover decision can set your retirement back years.
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401(k) Earned Income – What Employers Need to Know

401(k) Earned Income – What Employers Need to Know

By: Eric Droblyen

June 9th 2021

401(k) plans must allocate and test the contributions made to self-employed individuals using a special definition of plan compensation called earned income.
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Is Your Company Part of a Controlled Group?  You Need to Know or Risk 401(k) Plan Disqualification

Is Your Company Part of a Controlled Group?  You Need to Know or Risk 401(k) Plan Disqualification

By: Eric Droblyen

May 26th 2021

IRS controlled group rules often obligate 2 or more employers with common ownership to cover their employees with the same 401k plan in order to pass annual nondiscrimination testing.
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