Tag: 401(k)
The brief’s key findings are: Employers with 401(k)s are required to administer their plans for the “sole benefit” of workers, a standard that has been the subject of substantial litigation. Recent lawsuits have focused on excessive fees, although inappropriate investment options and self-dealing are other common reasons for suits. Court rulings in these cases often…
The brief’s key findings are: The analysis compares returns by plan type from 1990-2012 using data from the U.S. Department of Labor’s Form 5500. During this period, defined benefit plans outperformed 401(k)s by an average of 0.7 percent per year, even after controlling for plan size and asset allocation. In addition, much of the money accumulated…
