401 (k) - Alliant Wealth Advisors
Best Practice #6: Establishing a Strong Investment Committee
August 2, 2016—Welcome to the Alliant Best Practices Series for 401(k) Plan Sponsors, in which we offer 10 best-practice essentials for helping plan participants achieve retirement plan success. Here’s the sixth best practice in our series.
“It is better to first get the right people on the bus, the wrong people off the bus, and the right people in the right seats, and then figure out where to drive.”
— “Good to Great” author Jim C. Collins
Best Practice #7: Establishing a Regular Fee Comparison and Review Process
September 5, 2016—Welcome to the Alliant Best Practices Series for 401(k) Plan Sponsors, in which we offer 10 best-practice essentials for helping plan participants achieve retirement plan success. Here’s the seventh best practice in our series.
“This witch's brew of hidden fees, conflicts of interest and complexity in applications is at odds with investors' best interests.”
- SEC Chairman Christopher Cox
Heads-up: attorneys on the prowl for 401(k) plaintiffs
August 2, 2016—An attorney in St. Louis, Mo, Mr. Jerome Schlichter, is advertising to participants in certain employer 401(k) plans to hire him in a class action against their employers. This particular attorney is well known in the 401(k) industry for suing and winning awards against a number of household name firms.
Whose Relationship Do You Value?
August 2, 2016—When you choose to add a 401(k) plan to your employee benefits package you offer your employees the opportunity to improve the quality of the lives of their families in retirement. In other words, you do a good thing. However, 401(k) plans come with an obligation. When you adopt a 401(k) plan you become responsible for your employee’s retirement funds. The Employee Retirement Income Security Act, or ERISA, places responsibility on the employer to manage the plan at an extremely high level.