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401(k) plans under scrutiny: Should employers worry about the fiduciary failings of big firms?

By Lynn Cavanaugh

While a recent survey claimed more than 700,000 American companies could be at risk of fines and legal penalties for fiduciary failures in their retirement plans, we wanted to know how small and mid-sized employers can stay compliant with the resurge in fiduciary lawsuits.

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2/3 of Gen Z and millennials would follow AI's retirement advice

Market Insights

Retirement plan design matters: How employers can assess the effectiveness of their 401(k)s

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Defined Contribution Stories

February 25, 2025

Newly terminated federal workers can keep retirement funds in their $986B Thrift Savings Plan

The tax-deferred plan, similar to a 401(k) plan, is the basis for a plan that is being proposed with new legislation called the Retirement Savings for Americans Act, which could expand savings for millions of low- and moderate-income private sector Americans.

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February 25, 2025

Vanguard, BlackRock pause public meetings, in wake of new SEC rule on ESG investing

The Securities and Exchange Commission has placed more restrictive regulations on asset managers that may attempt to influence shareholders with a large equity stake in a company on ESG topics.

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February 24, 2025

Green Leaf launches industry-first 401(k) plan for legal cannabis employers

The cannabis industry's premier partner in human resources and payroll solutions has launched a fully-vetted retirement plan by partnering with Vanguard, First Citizens Bank and PCSRetirement.

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February 24, 2025

New fiduciary rule on hold again, as judge grants DOL a pause on its appeal of 2 federal court stays

The Labor Department was granted its motion to pause two federal court cases challenging its Retirement Security Rule, which was finalized last April and had been set to go into effect last September, but has been beset by lawsuits.

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February 21, 2025

Pioneers in financial planning? CFP Board wants to recognize those who've 'elevated standards'

The industry nonprofit has launched a Financial Planning Hall of Fame to honor financial planners, academics and policymakers who have advanced the profession in "meaningful and enduring ways."

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February 21, 2025

Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit

After a federal judge ruled that American Airlines violated its ERISA duties by focusing on ESG factors in choosing investments, a coalition of Democratic city and state officials sent letters to the SEC and DOL, urging them to protect ESG investing.

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February 20, 2025

Most 401(k)s have at least 1 fiduciary 'red flag' violation: Is yours at risk?

More than 600,000 American companies could be at risk of fines, legal penalties and fiduciary failure for failing to auto-enroll, offer qualified investments or transmit payments on time, according to Abernathy Daley 401k Consultants.

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Top Defined Contribution Stories

401(k) plans under scrutiny: Should employers worry about the fiduciary failings of big firms?

2/3 of Gen Z and millennials would follow AI's retirement advice

Retirement plan design matters: How employers can assess the effectiveness of their 401(k)s

Recommended Just For You

Defined Contribution Stories

Newly terminated federal workers can keep retirement funds in their $986B Thrift Savings Plan

Vanguard, BlackRock pause public meetings, in wake of new SEC rule on ESG investing

Green Leaf launches industry-first 401(k) plan for legal cannabis employers

New fiduciary rule on hold again, as judge grants DOL a pause on its appeal of 2 federal court stays

Pioneers in financial planning? CFP Board wants to recognize those who've 'elevated standards'

Democratic officials urge SEC, DOL to protect ESG investing, post American Airlines 401(k) lawsuit

Most 401(k)s have at least 1 fiduciary 'red flag' violation: Is yours at risk?