Why You Should Not Own Mutual Funds at this time --- Mutual Funds can be considered dangerous to own. We have information on this and many other financial pitfalls in the business world.
Captive Insurance & 419 Plans Litigation: February 2014
The lawsuit, filed Tuesday in U.S. District Court in Massachusetts against Massachusetts Mutual Life Insurance Co, states that the firm "larded" its 401(k) program with overpriced and inferior investments and engaged in "blatant self-dealing" by making money selling its own services to the plan. MassMutual, headquartered in Springfield, Massachusetts, could not be reached immediately for comment.
Coming a year after new Labor Department rules requiring employers to clearly disclose 401(k)fees to participants, the case filed by the firm of Schlichter, Bogard and Denton is a sign that retirement plan litigation isn't going away. It's also a sign that employee-funded defined-contribution retirement plans still are imperfect, despite improvements and increasing attention from regulators and activists like Schlichter.
Mike Alfred, co-founder and chief executive officer of Brightscope, a firm that collects and publishes data about company retirement plans, says 401(k) fees have been coming down for year
All The Expertise You Need To Protect Your Business, Yourself, and Your Family In One Network: Once You Experience The Lance Wallach Advantage You Won't Need To Look Anywhere Else for Help
Our Extensive Network of Highly Skilled Professionals Have Put It All Together For You In These Websites: Contact Lance and his dynamic team by calling:
516-938-5007
Lance is an expert about:
The Millennium Plan SADI Trust The Beta Plan Hartford
The lawsuit, filed Tuesday in U.S. District Court in Massachusetts against Massachusetts Mutual Life Insurance Co, states that the firm "larded" its 401(k) program with overpriced and inferior investments and engaged in "blatant self-dealing" by making money selling its own services to the plan. MassMutual, headquartered in Springfield, Massachusetts, could not be reached immediately for comment.
ReplyDeleteComing a year after new Labor Department rules requiring employers to clearly disclose 401(k)fees to participants, the case filed by the firm of Schlichter, Bogard and Denton is a sign that retirement plan litigation isn't going away. It's also a sign that employee-funded defined-contribution retirement plans still are imperfect, despite improvements and increasing attention from regulators and activists like Schlichter.
Mike Alfred, co-founder and chief executive officer of Brightscope, a firm that collects and publishes data about company retirement plans, says 401(k) fees have been coming down for year
All The Expertise You Need To Protect Your Business, Yourself, and Your Family In One
ReplyDeleteNetwork:
Once You Experience The
Lance Wallach Advantage
You Won't Need To Look
Anywhere Else for Help
Our Extensive Network of
Highly Skilled
Professionals Have Put It
All Together For You In
These Websites:
Contact Lance and his dynamic
team by calling:
516-938-5007
Lance is an expert about:
The Millennium Plan
SADI Trust
The Beta Plan
Hartford