Featured Jobs
|
Nova 401(k) Associates
|
|
DWC ERISA Consultants LLC
|
|
EPIC RPS
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
Merkley Retirement Consultants
|
|
BPAS
|
|
Compensation Strategies Group, Ltd.
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
BPAS
|
|
July Business Services
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
The Pension Source
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Philips North America Agrees to Pay $17 Million, Make 401(k) Reforms to Settle Fiduciary Breach Case
Pensions & Investments
May 17, 2018 "Among the non-monetary terms, Philips will: [1] Hire a consultant to review the 401(k) plan investment lineup to recommend if the plan should keep the money market fund or add a stable value 'or comparable fund.' [2] Issue an RFP within 18 months of the settlement for a record keeper.... [T]he fee for basic record keeping shall not be based on a percentage of plan assets.... [3] Consider offering collective investment trusts ... and consider offering the lowest-cost share class available for any mutual fund considered for inclusion in the plan." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |