When you look over the investment options in your retirement plan, you probably see a 2020 fund, a 2030 fund, a 2040 fund, and on up the line. Those are “target date funds.” They can be mutual funds, exchange traded funds, or pooled separate accounts. But what are they and…
Are the losses in your 401(k) plan due to poor investment performance or high administrative fees? Or both? Could either have been avoided? And whose responsibility was it to oversee those issues? Retirement plans are governed by obscure law, are complex in nature, and include complicated investment products. Participants rarely…
Check out this entry by Suzanne Wynn at The Pension Protection Act Blog on the 6th Circuits recent discussion on whether ERISA’s 6 year statute of limitations on fraud requires actual concealment by fiduciaries. It’s a good read and we’ll address this issue on the Erlich Law Blog at a…
Should Your Small Business Have a 401(k)? Small business owners often feel that offering a retirement savings plan legitimizes their business and makes them more competitive in the hiring market. Whether or not these perceptions are true, very few small businesses understand the legal implications of offering a 401(k). Before…