401(k) plans (BenefitsLink.com)Headlines re 401(k) plans, gathered by BenefitsLink.comERISA Accounts Have Gained Increased Prominence Recently As Part of Renewed Focus on 401(k) Plan Fees and Expenses- (Found June 29, 2008 ) Excerpt: "'ERISA accounts are a compromise made by plan sponsors that do not want to pay plan expenses themselves, but want to ensure the participant fees are reasonable,' says Mark Davis, Partner, Kravitz Davis Sansone." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/magazine_type3/?RECORD_ID=41753 401(k) Sponsors Push for Fee Cuts- (Found June 29, 2008 ) Excerpt: "Employers aren't waiting for the outcome of a slew of 401(k)-fee lawsuits now mired in the courts to define what are reasonable costs: Many are putting the squeeze on their 401(k) providers, insisting on more frequent negotiations over pricing and using their growing size to ensure participants aren't paying the corporate equivalent of retail." (Financial Week; free registration required)http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080623/REG/988562677/-1/FWIssueA... Bloomberg News Video: The Truth Behind Hidden Fees in 401k Plans- (Found June 29, 2008 ) This special Bloomberg Television report on '401k Hidden Fees' that aired on June 19, 2008, shows how legal fees are buried in the fine print of documents or are so confusing that even financial advisors find them hard to understand. (Bloomberg)http://www.blinkx.com/video/the-truth-behind-hidden-fees-in-401-k-plans/eRJhAzXCFV94aG1CH6... Two Law Firms Probe Lehman Brothers 401(k) Plan Fiduciaries- (Found June 29, 2008 ) Excerpt: "The law firms Milberg LLC and Liner Yankelevitz Sunshine & Regenstreif LLP separately announced they are investigating possible Employee Retirement Income Security Act (ERISA) violations by fiduciaries of the Lehman Brothers Holdings Inc. Savings Plan." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=41890 Opinion Are There Real Pricing Problems in the 401(k) Business- (Found June 29, 2008 ) Excerpt: "House Education and Labor Committee Chairman Miller (D-California) released a statement saying: 'For too long, companies in the financial services industry have maintained a stranglehold on retirement savings that they didn't earn and that don't belong to them.The purpose of this legislation is to take these hard-earned savings away from the special interests and return them to their rightful place -- the retirement accounts of American workers.'" (PLANSPONSOR.com; free...http://www.plansponsor.com/magazine_type3/?RECORD_ID=41759 Give Plan Participants the 'Green' Light to a More Secure Financial Future- (Found June 29, 2008 ) Excerpt: "How much do portfolio construction errors cost your participants And what can plan sponsors do to help them avoid or overcome such errors These were just two of the questions addressed in Red, Yellow, and Green: Measuring the Quality of 401(k) Portfolio Choices, coauthored by Gary Mottola, a senior research analyst in CRR, and CRR Director Steve Utkus. The paper will be published as a chapter in a research volume on financial literacy, Improving the Effectiveness of Financial...https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/article... |