Monthly Archives: September 2021

About 75% of 401(k) plans allowed employees to save money in a Roth account in 2019, but participants aren’t using it. Only about a quarter of 401(k) investors do so. While many suspect that the amount is low because participants … Continue reading →

I’m old enough to remember when a photocopy and Xerox were considered the same. Xerox was a brand like Band-Aid. These days, their luck is far worse, including now an ERISA lawsuit. Participants of the Xerox Corp. 401(k) Savings Plan … Continue reading →

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants incorrectly believe that they pay nothing for their … Continue reading →

I’ve said it for a long time. It’s imperative that plan sponsors and plan providers wake up about cybersecurity issues. The recent action by the Securities and Exchange Commission (SEC) is just a harbinger of things to come when the … Continue reading →

My. latest article for JDSupra.com can be found here.