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Archive for ‘General Articles’ Category
Dec
30
2009
“If these allegations are substantiated, the process by which [Wal-Mart] selected and managed the funds in the plan would have been tainted by failure of effort, competence or loyalty,” the court wrote. The case has been returned to district court. Posted on 17:21, December 30th, 2009 by leeWalmart case gets a second look. http://www.forbes.com/forbes/2010/0118/investing-walmart-retirement-401k-paying-retail.html Dec
28
2009
“A Question of Balance-The much-maligned 401(k) plan is being beefed up. So are the penalties for failing to manage it well.” CFO Magazine Dec 09Posted on 10:00, December 28th, 2009 by leeEmployers with over 100 employees have CFO’s and we have found majority of them read articles in CFO magazine. In December publication they list “four 401 (k) trends to watch.” The last trend listed is “Fiduciary Liability.” http://www.cfo.com/article.cfm/14457664/c_14457851?f=magazine_alsoinside http://401khelpforums.yuku.com/topic/410/t/Department-of-Labor-Solves-Problem.html Reminds us that CFO/CEO is in loop on signing routine documents. Easy to see how litigation can arise from administration. Dec
15
2009
“Fiduciaries who do not follow the basic standards of conduct may be personally liable to restore any losses to the plan”Posted on 20:56, December 15th, 2009 by leeSee “limiting liability” http://www.dol.gov/ebsa/publications/fiduciaryresponsibility.html Dec
08
2009
Former Grand Rapids business owner sentenced to jail time for 401(k) theftPosted on 10:55, December 8th, 2009 by leeDec
07
2009
“New regulations are likely to increase the responsibilities of retirement Plan Sponsors as a whole.”Posted on 18:04, December 7th, 2009 by leeDec
07
2009
The end of 2009 will prove to be a busy (and hectic) time for those responsible for maintaining benefit plan documents.Posted on 09:47, December 7th, 2009 by leeDec
03
2009
“Seeing What Is Next” Disrupt The 401(k) MarketPosted on 14:31, December 3rd, 2009 by lee |
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