Akros and FiPar to work on bringing more and better fiduciary solutions to the financial services and retirement planning market
OTB Strategic Consulting, Inc. offers unique new assessment tool and useful information to help find and resolve 401(k) compliance issues, correct areas of liability and personal risk and educate on fiduciary roles.
WEBii, an Austin-based custom web development firm, announced the completion of a unique application for The FIRE System.. The FIRE System is a 401(k) self-assessment tool for plan fiduciaries.
Industry Product of the Week – The FIRE System by Robb Smith, AIFA RS, Fiduciary Solutions. The Prudent 401(k) Blog, April 11, 2014
It is always a pleasure to introduce workplace plan fiduciaries (also called Stewards) and plan advisors to industry-related products and services that may make their fiduciary-related work easier, while potentially enhancing plan participant retirement income security.
Is Your Retirement Plan In Compliance With Federal Law? by Hannah Hamilton, MonsterThinking, April 7, 2014
In February, BenefitsPro reported that the U.S. Department of Labor “collected $1.69 billion in fines, voluntary fiduciary corrections and informal complaint resolutions, a 33 percent increase over 2012’s $1.27 billion tab.”
- by Joshua Bjerke, Recruiter.com, March 19, 2014
- HR Marketer, March 11, 2014
- by Kevin McGuinness, PlanSponsor, March 11, 2014
- by Jyothi Swapna, HR.com, May, 2, 2014
New 401(k) tool helps fiduciaries maintain compliance by Paula Aven Gladych, BenefitsPro, March 5, 2014
OTB Strategic Consulting will launch on March 11 The FIRE System, an online 401(k) self-assessment tool for plan fiduciaries that quickly finds areas of non-compliance and provides solutions to correct them.
Learn From AOL's Missteps by Joanne Sammer, SHRM, March 3, 2014
When AOL Inc. CEO Tim Armstrong announced that the company would switch from matching employee 401(k) contributions each pay period to providing a lump-sum match at the end of each year, the way he framed the announcement could not have been worse.
Avoid Litigation By Helping Plan Sponsors Become Better Fiduciaries by Deborah Castellani, CFA, NAPFA Advisor, July 2014
While 401(k) plans continue to grow in popularity, so has the immense scope of complexity surrounding compliance. lately there's more attention and scrutiny from regulators and lawyers, making it imperative for plan sponsors to understand their fiduciary roles, the overall process, and how to safeguard themselves before an examination.
Investment fiduciaries are in a unique position to help educate plan sponsors because they understand what it means to be a fiduciary. most other service providers aren't fiduciaries and thus don't truly understand a fiduciary's role and importance.