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Brokerage Windows’ Future Unclear

Brokerage windows are relatively rare in most 401(k) plans. Out of the 686 plans surveyed by the Plan Sponsor Council of America in 2012, only 17% of them offered the option. Not So Transparent: Brokerage windows are supposed to provide plan participants with access to a greater variety of investments. However, they can be problematic […]

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ABB 401(k) Plan Participants See PRISM Plan Changes

On February 27, 2014, participants in ABB, Inc.’s 401(k) Plan were sent a letter [available here] telling them that Plan is in the process of removing all Fidelity-managed investment options and switching the Plan’s recordkeeper from Fidelity to Merrill Lynch. The Plan option changes also involve the removal of the Fidelity Freedom Funds, which will […]

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Still More Support for Low-Fee Index Funds

Matthew O’Brien’s recent piece in The Atlantic [available here] provides another insightful commentary on the benefits of passively-managed “index” mutual funds instead of their more expensive actively-managed alternatives. Mr. O’Brien first demonstrates that most actively-managed funds perform worse than the indexes they are trying to beat — and that is particularly so if you include […]

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Stable Value Funds

Stable Value Funds have been around since the 1970s, offered as a conservative option in 401(k) plans. Most recently, they are being recommended as a safer alternative to deal with rising interest rates and falling bond funds.  Stable value funds are designed to protect principal while offering a guaranteed small yield. What’s not to love? […]

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401(k) Fees- A Threat to Retirement

America’s largest 401(k) provider, Fidelity Investments, reported that average balances in 401(k) Plans has reached a record high of $84,300, largely due to a thriving stock market. According to AARP, 71% of Americans wrongly believe they pay no fees at all.  These plans are not free.  On the contrary, the average total plan cost ranges […]

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Mark G. Boyko of Schlichter, Bogard & Denton, LLP, Recognized as a 2013 Missouri & Kansas Super Lawyer Rising Star

Schlichter, Bogard & Denton, LLP is proud to announce that Mark G. Boyko has been recognized as a 2013 Missouri and Kansas Super Lawyer® Rising Star. Super Lawyers® recognizes attorneys who have attained a high-degree of peer recognition and professional achievement. This is the second year in a row Mark Boyko has received this award. […]

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