401(k) fees

With the potential for litigation that has plagued plans like NYU’s on the rise, it’s ‘time to clean up’ fiduciary activity in this sector, say industry experts.

High front-end fees, complex payouts and a lack of dividend income are among the reasons.

High front-end fees, complex payouts and a lack of dividend income are among the reasons.

Plan sponsors should adopt fiduciary best practices to avoid a lawsuit, advises attorney Carol Buckmann.

DC contributions are in danger when a person becomes disabled, attorney David Kaleda and other experts say.

DC contributions are in danger when a person becomes disabled, attorney David Kaleda and other experts say.

Class action suit against Fujitsu Technology and Business of America Inc., alleges a cornucopia of fiduciary breaches tied to excessive fees, record keeping, and the components of the company's target-date funds. The case, and several like it in the past year, may be harbingers of a new cycle of 401(k)-gone-bad litigation, this time targeting ever-smaller retirement plans.

Industry organizations , including the U.S. Chamber of Commerce, allege that the DOL encroached on the U.S. Securities and Exchange Commission’s territory and overstepped boundaries for regulating broker-dealers that were established by Congress.

As co-founder of Captain401, he launched an online platform that helps small businesses quickly and easily set up 401(k) plans.

As co-founder of Captain401, Lee launched an online platform that helps small businesses quickly and easily set up 401(k) plans.