Tag: 401k - Page 2 - Texas Law Guide

What is ERISA and why should employees care?

11 Comments / Employment Benefits Law, Retirement Plan/401k/Pension

ERISA, the Employee Retirement Income Security Act of 1974, is a federal regulatory regime that governs private employer retirement, health care benefits and certain other employee benefit plans. It is a massive web of legislation, Department of Labor regulations and IRS regulations. ERISA also borrows from and incorporates securities regulations on investments (such as in 401k plans). ERISA […]

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Should You Take the Lump Sum or the Annuity Payments from Your Pension?

1 Comment / Employment Benefits Law, Retirement Plan/401k/Pension

This highly important question tends to receive significantly less attention in today’s economy than it should. Many people see a lump sum as a way to either pay down debts or seed stock gains. This attitude is further fueled by financial advisors who need to bring in assets, like your pension lump sum and 401k,

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Can I use my 401k to buy a business, franchise, house, investment property, etc.?

Employee rights lawyer, Employment Benefits Law, Retirement Plan/401k/Pension

There are many retirement asset-funded investment and business schemes that run from taking loans to “rollover as business startup” (ROBS) plans. They have been around for many years and typically they are generally a bad idea. I discourage most would-be investors due to the legal and financial liability involved. I have had people come to

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401k Fee Disclosure: What Does It All Mean?

1 Comment / Employment Benefits Law, Retirement Plan/401k/Pension

401k fee disclosure was a project in the works for many years, going back to the mid-2000s. Eventually the Department of Labor promised Congress it would create regulations requiring plans to disclosure fees charged by service providers. The purposes are two-fold. First, disclosures help plan administrators figure costs so they can assess whether fees are

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