In a very competitive industry, regulations on reasonable compensation are difficult to argue with. What plan participant has opened their statement on their 401(k) plan and understood at first glance who they were paying fees to, what the fees were paid for, and whether the fees were excessive. In a year of unprecedented […]
Entries Tagged as 'Fees and Expenses'
Reasonable Compensation Proposed Regs Floated by DOL
December 14th, 2007 · No Comments
Tags: Fees and Expenses
401(k) Fee Disclosure Case Dismissed
June 25th, 2007 · No Comments
The U.S. District Court for the Western District of Wisconsin dismissed the 401(k) fee lawsuit filed against Deere & Company and Fidelity last week. In an opinion by Judge Shabaz, the Court granted the motion to dismiss filed by Deere & Fidelity.
Participants in Deere & Company’s 401(k) plan alleged that the investment options offered […]
Tags: Fees and Expenses · Litigation
How Many Notices Can a Participant Handle
May 7th, 2007 · No Comments
Several conversations today all circled around to the same point - how to map out the notices currently required to be provided to participants and beneficiaries into a coherent schedule so that the required information is provided by the required deadline. The Pension Protection Act added several new notices, including pension benefit statements, to […]
