Published Articles & Media Features

At a time when the importance of price transparency and fiduciary responsibility have never been more pronounced across the employee benefits space, a recent analysis reveals alarming breaches in retirement savings plan stewardship. It also suggests that most plan sponsors and participants are overpaying for the fees they are charged.

At a time when the importance of price transparency and fiduciary responsibility have never been more pronounced across the employee benefits space, a recent analysis reveals alarming breaches in retirement savings plan stewardship. It also suggests that most plan sponsors and participants are overpaying for the fees they are charged.

While a recent survey claimed more than 700,000 American companies could be at risk of fines and legal penalties for fiduciary failures in their retirement plans, we wanted to know how small and mid-sized employers can stay compliant with the resurge in fiduciary lawsuits.

Some workers with employer-run retirement accounts such as 401(k) plans could be losing thousands of dollars because of regulatory or fiduciary violations.

More than 600,000 American companies could be at risk of fines, legal penalties and fiduciary failure for failing to auto-enroll, offer qualified investments or transmit payments on time, according to Abernathy Daley 401k Consultants.

​If you oversee a company retirement plan, here’s a startling statistic that should grab your attention: 84% of U.S.-based retirement plans have at least one red flag that could signal regulatory violations or fiduciary failures.  This finding comes from a comprehensive analysis by Abernathy Daley 401k Consultants, who examined Form 5500 filings for over 760,000 plans nationwide.

More than eight in 10 (84 per cent) U.S.-based employer-sponsored retirement plans have at least one likely Employee Retirement Income Security Act red flag from a regulatory and/or fiduciary perspective, according to a new report by consultancy Abernathy Daley 401k Consultants.

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Abernathy Daley 401k Consultants' 5500 review finds that most corporate retirement plans have regulatory or fiduciary violations.

According to Abernathy Daley 401k Consultants, more than 600,000 American companies could be at risk of fines, legal penalties and fiduciary failure.

Abernathy Daley 401k Consultants has conducted a groundbreaking analysis revealing a startling statistic: an overwhelming 84% of retirement plans across the United States present at least one regulatory or fiduciary violation.

"More than 4 in 5 workplace retirement plans in the U.S. (84%) have at least one regulatory “red flag” violation that could put them at risk of fines, legal penalties or fiduciary failure, according to consultant Abernathy Daley 401k Consultants."

Abernathy-Daley analysis of Form 5500 filings indicate over 600,000 plans at risk

The findings come after a series of high-profile lawsuits alleging retirement fund mismanagement by employers.

Some 80% of companies were spending more than efficient pricing for 401(k) and 403(b) plans, Abernathy Daley 401k Consultants survey finds.

Abernathy Daley 401k Consultants found that 80% of companies were spending more than efficient pricing for 401(k) and 403(b) plans.

New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?

Abernathy Daley 401k Consultants research says corporate 401(k) plans paying over 0.3% for administrative costs based on total plan assets are likely overpaying.

The majority of companies with 100 or more employees are paying too much in retirement plan administrative fees, according to an analysis by Abernathy Daley 401k Consultants.

Evolving regulations mean plan sponsors continue to face increasing scrutiny when it comes to their fiduciary responsibilities.

An estimated 80% of plan sponsors are overpaying administrative and investment fees due to failure to benchmark their plans annually, according to Steven Abernathy, Principal and Chairman of Abernathy Daley 401K Consultants.