401(k) Plans

401(k) Lawsuits and Their Impact

By Scott Rain | March 26, 2013

In recent years, there have been a significant number of lawsuits by 401(k) plan participants against both their employers and their plan’s services

Wealth Management

Fee Disclosure Regulations - UPDATE

By Scott Rain | July 20, 2011

The Department of Labor (“DOL”) has recently released the final amendments to the service provider fee disclosure regulations under ERISA §408(b)(2) and participant fee disclosure regulations under ERISA §404(a)(2). As a result, the applicability dates of both regulations and their requirements have been extended.

Wealth Management

Upcoming Changes for Flexible Spending Accounts (FSA): Over-the-Counter Reimbursements

By Scott Rain | January 07, 2011

A health FSA is an employer-sponsored benefit program in which an account, set up in an employee’s name, is used to reimburse the employee for certain

ERISA

ERISA Impact of Health Care Reform

By Scott Rain | April 13, 2010

The nation’s health care system has recently undergone dramatic changes with the recent passage of both the “Patient Protection and Affordable Care Act” (PPACA) and, the “Health Care and Education Reconciliation Act of 2010.” The PPACA will have the most significant impact on employer-sponsored health plans since the enactment of ERISA over 30 years ago. Scott Rain explains.

Benefits

Are You Ready for 401(k) Plan Fee Transparency?

By Scott Rain | March 09, 2010

“Americans should be entitled to clear and complete information on the fees taken from their hard-earned retirement savings,” says U.S. Rep. George Miller, D-Calif.), Chairman of the House Education and Labor Committee. This thinking, along with two relatively recent events, will have an impact on how plan sponsors identify and communicate 401(k) plan fees to their participants.

Insights