According to a Minnesota TV station, a Wells Fargo 401(k) plan operations manager has been accused of robbing 401k plan accounts.
The 401k Operations Manager, who oversaw the 401k daily fund operations, allegedly disbursed money from dormant 401k accounts to fictitious names he created. He then had the checks sent to his own office and deposited [...]
Posts Tagged ‘401k Plans’
Wells Fargo 401K Plans Robbed — Thousands $ Missing
Posted by admin on July 18th, 2010
Posted in 401k Retirement Plan 
Tags: 401k Accounts, 401k Administration, 401k Funds, 401k Plan, 401k Plans, Abandonment, Disbursements, Fake Names, Fictitious Names, Fund Operations, Greed, Minnesota Tv, Operations Manager, Plan Administrator, Plan Operations, Procedural Controls, Record Keeper, Social Security Numbers, Tv Station, Wells Fargo 
No Comments »Time to Combine Your 401k Plans
Posted by admin on July 10th, 2010
2006 is the twenty fifth year of the 401k investment plan. Have you had more than one job in the last 25 years? If so, then you probably have more than one 401k plan floating around.
401k plans are now over 25 years old. They seemed a unique idea at first, but now just about [...]
Rolling Over Your 401k Plan The Easy Way
Posted by admin on May 10th, 2010
So what is a 401k retirement plan? A 401k plan is actually a retirement investments plan that is subsidized by employee or worker payments and often, corresponding involvements from your manager or employer. In addition, the most important draw for these plans is that the payments are taken from your pre-tax wage, and the funds [...]
One Less Furrowed Brow For 401k Plan Sponsors
Posted by admin on April 30th, 2010
There was a sneak preview of the Dept of Labor’s preliminary guidance on setting up 401k default investment options. These situations occur when 401k participants fail to select an investment option for their 401k contributions or a 401k default fund is used in 401k plans with automatic enrollment features.
Currently, 401k plan sponsors are rethinking their [...]
Posted in 401k Retirement Plan Tags: 401k Contributions, 401k Plans, Automatic Enrollment, Default Fund, Dept Of Labor, Erisa, Fiduciary Responsibility, Furrowed Brow, Internal Revenue Code, Internal Revenue Code Section, Investment Decisions, Investment Option, Investment Options, Money Market Fund, Participant, Plan Fiduciaries, Plan Sponsors, Safe Harbor, Sneak Preview, Stable Value No Comments »Knowing Your 401k Plan.
Posted by admin on April 22nd, 2010
Taking full advantage of your 401k plan today can help you achieve financial goals sooner, and provide enough income for a comfortable retirement. For most working people, Social Security checks alone will not be enough to maintain the standard of living they are used to, once they are no longer working. If you are lucky, [...]
Posted in 401k Retirement Plan Tags: 401k Plan, 401k Plans, Account Statements, Additional Income, Assets, Brochures, Earnings, Federal Government, Financial Goals, Financial Magazines, Investment Options, Investments, Maximum Percentage, Plan Administrator, Prospectus, Quarterly Basis, Retirement, Salary, Social Security, Social Security Checks No Comments »401k Retirement Plans Explained
Posted by admin on February 8th, 2010
401k retirement plans are special types of accounts, financed through pre-tax payroll deductions. The funds in your account are invested in various ways. Your funds can be invested through any number of stocks, mutual funds, and other ways, and it is not taxed on any capital gains or interest until the money is pulled out [...]
Posted in 401k Retirement Plan Tags: 401k Plan, 401k Plans, 401k Retirement Plan, Array, Assets, Boss, Capital Gains, Company Stock, Counselors, Customization, Dividends, Flexibility, Internal Revenue Code, Mutual Funds, Payroll Deductions, Proportion, Retirement Plans, Retirement Savings, Selection Option, Tax Payroll No Comments »401k Information-How To Decide Which Vehicles Are Best For Your
Posted by admin on January 31st, 2010
401k Information-How To Decide Which Vehicles Are Best For Your Money?
The right 401k information is imperative in order to help you achieve your retirement goals. If you don’t have the right information, you’ll end up like most people-dead broke by the time you reach retirement. The stats are out and they arent good.
According to social [...]
Posted in 401k Retirement Plan Tags: 401k Information, 401k Plan, 401k Plans, Benefit, Choices, Control, Invest, Investments, Lifestyle, Money Market Funds, Mutual Funds, Pension Plan, Retirement Goals, Savings Bonds, Social Security, Social Security Administration, Stocks Bonds, Survival, Unfortunate Circumstances, Welfare No Comments »
