Tag: 401k plans

Allegations of 401k Plan Mismanagement Put Fidelity in Hot Water (Again)

Financial services giant Fidelity Investments, Inc. is in the news again, this time for allegedly mismanaging its company 401(k) plan. The Fidelity 401k lawsuit, filed on October 10th, 2018, alleges that the company engaged in self-dealing by loading its 401k fund line-up with proprietary products. The suit claims that these actions created a profit for […]

The 401k Plan is (Finally) Small-Business Friendly

“401(k) plans are only appropriate for large corporations. They’re far too expensive and time-consuming to make sense for small business owners.” – Right? Wrong! While this may have been true at one time, major changes in the retirement plan industry have now made this statement outdated and misinformed. A shift away from high-priced plans with […]