Category Archives: Retirement Plans

Whole Foods Market has agreed to settle a class-action lawsuit that alleged the company failed to prudently manage the administrative fees of its $1.9 billion 401(k) plan, resulting in millions in losses for employees. The lawsuit, filed in 2023 by … Continue reading →

I have experienced several bear markets as an ERISA attorney, and it’s never easy, especially with the current volatility due to tariffs. If you are concerned about the stock markets and your 401(k) plan, you may not need to worry—unless … Continue reading →

Growing up, I was a pessimist. I don’t know why, but I let every little thing get to me, and I realized that being negative often scares people away. That’s why I recommend that when dealing with potential clients, you … Continue reading →

Nothing surprises me much anymore, neither should the results of the survey that a Nasdaq 100 survey supports the inclusion of Nasdaq 100 index funds. According to the Annual Nasdaq-100 Retirement Plan Survey, nearly 80 percent of 401(k) plan participants … Continue reading →

T. Rowe Price announced today the launch of in-plan emergency savings accounts (ESAs) for participants in retirement plans. This ESA solution was made possible by the SECURE 2.0 Act of 2022, which includes a provision for pension-linked emergency savings accounts. … Continue reading →

As famously quoted in *This Is Spinal Tap*, there is a fine line between stupidity and cleverness. I can assure you that Michael McKean, who played David St. Hubbins in the movie and co-wrote it, was not involved in plan … Continue reading →

As famously quoted in *This Is Spinal Tap*, there is a fine line between stupidity and cleverness. I can assure you that Michael McKean, who played David St. Hubbins in the movie and co-wrote it, was not involved in plan … Continue reading →

In the 401(k) industry, people get honored from time to time. Heck, I’ve even been named to 401k Wire’s Top 100 people in the 401(k) industry a couple of times. At no point, have I ever seen people undeserving get … Continue reading →

State-run retirement programs, including automatic individual retirement accounts (IRAs), are expanding access to retirement savings, with total assets nearing $2 billion. However, a new study from the Georgetown University Center for Retirement Initiatives (CRI) highlights that significant access gaps remain, … Continue reading →

If you are a large 401(k) plan considering offering in-house funds, be prepared for potential lawsuits. Lockheed Martin Corporation and its subsidiary investment management company are facing legal action from current and former participants in their 401(k) plans. They are … Continue reading →