The feds are after a fund in your DC plan: Are you next?

Article Abstract:

Experts advise plan sponsors to protect themselves from liability in the mutual fund scandal by doing mini-investigations into fund clean-up efforts. Ann Lacombe, assistant secretary of U.S. Labor Department's Employee Benefits Security Administration states that fiduciaries whose funds haven't been implicated must still monitor them and find out what safeguards the funds have in place to protect investors from market timing and illegal trading.

Executive changes & profiles, Investment Offices, Mutual Fund Mgmt Companies, Portfolio Management, Officials and employees, Beliefs, opinions and attitudes, Mutual funds, Liability insurance, Administrative agencies, Government agencies, Combs, Ann

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Helping your employees to complain: companies are advised to keep the process honest with outside providers

Article Abstract:

A section of the Sarbanes-Oxley Act requires audit committees to establish a procedure for receiving complaints about accounting and auditing, and the employees should be able to submit concerns anonymously. Vendors have rushed to offer solutions, and can provide a variety of ways for employees to lodge complaints, including 24-hour telephone hotlines, web sites, e-mail, fax and mail.

Auditing, Complaints (Administrative procedure)

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If you build it - and it's tough use-they won't come: plan sponsors are coming to realize that web sites are not created equal when it comes to 401(k) participant use. Here are a few tips on picking the best

Article Abstract:

Web sites that are designed properly can be a valuable tool as they reduce costs incurred for telephone representatives and mass mailings. The ease of use of a web site is an essential factor that companies sponsoring retirement plans should look for when evaluating a plan provider's web site.

Retirement Benefits, Usage, Financial services industry, Company Web site/Web page, Technology application, Web sites (World Wide Web), Web sites, Information services, Web site/Web page development, Financial information services

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