News & Analysis as of

401k › Government Accountability Office

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

GAO is concerned over notices

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

According to a new Government Accountability Office (GAO) report, only a third of plan participants receive an important notice that could help them make a decision about their retirement savings....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

DOL has always dropped the ball on disclosure

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The Government Accountability Office (GAO) has found that 45% of plan participants are not able to use the information given in fee disclosures to determine the cost of their investment fee, and 41% of participants...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

40% of plan participants don’t know what their fees are, most of the other 60% also have no clue

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

According to the Government Accountability Office (GAO), about 40% of 401(k) plan participants don’t fully understand the fees they are paying. Even with fee disclosure rules implemented in 2012, 41% of participants...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

GAO says DOL has work to do on cybersecurity

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The U.S. Government Accountability Office (GAO) asked the Department of Labor (DOL) to step up protections for participants in retirement plans against the growing threat of cyber theft....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

GAO looks at QDROs

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I always talk about how plan sponsors need to work with experienced financial advisors, third party administration (TPA) firms, and ERISA attorneys on their plan needs. Like with reasonable fees, I believe that the term...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Plan Design Features That Crimp Retirement Savings

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The Government Accounting Office (GAO) took a look at 80 401(k) plans and concentrated on the features that they believe limit an employee’s ability to save. While the Internal Revenue Code and ERISA currently allow all of...more

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