So you are managing your company’s 401(k) all by yourself? On the one hand, a 401(k) is a great way for you and your employees to steer a significant portion of earnings each year into tax deferred savings. But sponsoring a retirement plan can be time-consuming and

As a registered investment advisor and an ERISA 3(38) fiduciary, the ForUsAll team is a big fan of the Department of Labor’s fiduciary rule aimed at stopping advisers from putting their own interests before employees in 401(k) plans. From the Department of Labor’s calculations, the new

The Department of Labor passed a ruling in 2016 mandating that anyone who provides investment advice on 401(k) and 403(b) plans must act in the best interest of their clients. In practice, this means providers must get rid of fee structures that create conflicts of interest between the

Hiring an ERISA 401(k) fiduciary to take on 401(k) fiduciary services protects your company by officially delegating most of the work on the 401(k) plan. After hiring a fiduciary, your company can lean on ERISA plan experts to get investment advice, feel confident that an investment manager

Update: The Department of Labor adopted a rule mandating all 401(k) advisors now put their clients interests ahead of their own. The Department of Labor Fiduciary Rule will go into effect in 2017. If you already have a suspicion that your 401(k) advisor is not a fiduciary, and

We asked ourselves: “Why do organizations still struggle with understanding their 401(k) fiduciary responsibilities?” We saw that organizations’ efforts and spending on finding and hiring benefits brokers and compliance experts was increasing every year, but we also found that many companies were left unaware of how much fiduciary responsibility

If you’re signing your company’s 401(k) Form 5500 for the Department of Labor, then are you the employee fiduciary to the plan’s participants? What legal liability are you taking on if you are acting as a fiduciary to your company’s employees? If you offer a

Behind every great small business 401(k), stands a prudent and diligent fiduciary. At least that’s what a lawyer is likely to say. That’s because setting up and managing a 401(k) takes a lot of work and attention to get right. 401(k) fiduciary responsibilities That’s