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Starting in July, 401(k) plan participants will start receiving quarterly fee disclosures. These rules apply to plan years beginning after October 31, 2011, and require the disclosures to be distributed no later than 60 days after the beginning of the plan year. So for a calendar year plan, fee disclosures need to be distributed no later than August 31, 2012.
March 1 -
Every three to five years the Department of Labor would like you, as a plan sponsor, to review the providers that work with your retirement plan. As a fiduciary to your plan, you have an obligation to ensure that the providers you're working with are appropriate and that the fees that are paid for their services are reasonable. It's not required that you make any provider changes, but the retirement plan marketplace is very dynamic, and it's likely that when you conduct a provider review you'll discover some surprises. Here are some suggestions for managing a provider review process.
March 1 -
During carb-laden lunches in the IBM cafeteria over 10 years ago, a master inventor and his colleagues decided they were eating too much. From this Pavlovian inspiration, Mike Paolini submitted a patent for a technology that coordinates an automatic wellness rebate program.
March 1 -
As medical costs go up and household income lags behind, more people are likely to qualify for health care tax deductions.
February 29 -
From carriers to brokers, enrollers to consultants, the message was the same to the more than 600 attendees gathered Tuesday in Atlantic City, N.J. for the Workplace Benefits Renaissance: Voluntary benefits are a mounting source of opportunity for those who are prepared to take advantage
February 29 -
With health care reform swirling all around us and impacting the way we all do business, I’m switching gears for a moment to focus on our future by glancing back at our past. Remember the pride you felt when you graduated college. Good grades, good memories and a diploma . . . your ticket to dreams of a bright, successful future – do you remember asking yourself, ok now what?
February 29
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Senate majority leader Harry Reid announced plans on Tuesday to push forward legislation to spur capital formation for small businesses, an issue that has spawned a rare showing of bipartisanship.
February 29 -
Smoking is a well-known health hazard that kills 400,000 people every year across all genders, income levels and ethnic backgrounds. However, when it comes to quitting smoking, it turns out that not everyone benefits equally from quitting.
February 28 -
I recently overheard two job seekers speaking about their plans to ensure that their LinkedIn and Facebook profiles are "employer appropriate."
February 28 -
The Department of Health and Human Services has awarded grants totaling $229 million to 10 states to establish health insurance exchanges, authorized under the Affordable Care Act.
February 28
