Once Upon a Time… in the 1980’s to be more specific… there were a lot of hostile acquisitions of publicly traded corporations. Grumman Corporation was the target of one of these hostile take-overs; Mr. Bierwirth was its CEO. The aggressor was LTV Corporation.
Once Upon A Time, a long, long time ago, a Northern California labor union and its participating employers established a “Pension Fund” to provide retirement benefits to union members and their beneficiaries. The Pension Fund was an employee benefit plan subject to ERISA.
Department of Labor (DOL) Fiduciary Standard Regulation Ruling Should be Embraced by Honest Financial Advisors
The Department of Labor recently finalized a change to the definition of “fiduciary” under ERISA that expands the scope of those who are fiduciaries.
Although many firms offer TPA services to retirement plans, not all offer the same quality of services due to the nature of their business. One major example of this is payroll providers.
Understanding fees for a 401(k) plan can be a daunting task. How can you determine what is reasonable?