401(k) Medics - Fiduciary Standards for 401(k) Plans www.401kmedics.com
© 2010 Portfolio Medics, LLC
Privacy Policy
© 2010 Portfolio Medics, LLC
Privacy Policy
The presence of this website on the Internet shall in no direct or indirect way raise an implication that Portfolio Medics is offering to sell or soliciting to sell advisory services to residents of any state in which the firm is not registered as an investment adviser. 401(k) Medics is a DBA of Portfolio Medics, LLC.
Are you an employee of a company with a 401(k) plan? You have a right to know how much you are being charged to participate in your company 401(k) plan. You also have
the right to know if your current funds are failing based on their peer group.
Armed with the right information, you may be able to drastically lower your fees and have thousands of dollars more saved up at retirement because of it.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for pension plans in private industry. Most of the provisions of ERISA are effective for plan years beginning or after January 1, 1975.
ERISA does the following:
If you feel that your employer has breached their fiduciary duties, feel free to contact us by clicking "Contact Us" above.
Armed with the right information, you may be able to drastically lower your fees and have thousands of dollars more saved up at retirement because of it.
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for pension plans in private industry. Most of the provisions of ERISA are effective for plan years beginning or after January 1, 1975.
ERISA does the following:
- Requires plans to provide participants with information about the plan including important information about plan features and funding. The plan must furnish some information regularly and automatically.
- Requires accountability of plan fiduciaries. Fiduciaries that do not follow principles of conduct may be held responsible for restoring losses to the plan.
- Gives participants the right to sue for benefits and breaches of fiduciary duty.
If you feel that your employer has breached their fiduciary duties, feel free to contact us by clicking "Contact Us" above.