Ok401k, Inc.
Happy Thanksgiving!

A supermarket chain got into hot water with the Department of Labor and had to contribute millions of dollars to their 401k plan to make it "whole".  Wow!  Talk about a bad day for this 401k plan sponsor.  Ok401k has noticed that not only has the IRS increased their hiring of tax collectors (I guess the government needs the revenue),  but it seems the Department of Labor is interested in pursuing fraud or inappropriate behavior in the 401k business.  This story link below to my Plan Advisor web site provides you with the details.  And, speaking of attorney firms who can be against you or for you.......

 

Verno P. Sapper of the attorney firm Warner Norcross & Judd LLP has a revealing story about how employers can be fooled about their true 401k administration fees.  Many times 401k vendors will say, "don't worry, we are not charging you for our 401k fees."  Check out the web link to the story below about how that game is played and the problem employers can be in as fiduciaries.   


Our other link is about an employee named Stephanie who dug deep on her 401k administration fees.  This happened recently with a young worker named Stephanie who thought that she was spending way too much to invest in her company 401k plan.   Click on the other Link below titled "Stephanie Taking On Nationwide." 

There is a trend a "foot" in America today.  Employees are taking into their hands what employers and the 401k committees should be doing.  And that is asking hard questions about the funds and fees employees invest in.  This is a common problem in America today with 401k plans managed by insurance company and mutual fund vendors that sell their own proprietary funds.  
     


                                        Terry Morgan, AIF President Ok401k and son James pumpkin hunting.   
(405) 603 4986

Happy Thanksgiving!  

                              



                                

Access these three (3) exciting 401k stories below by clicking on the hyperlinks below!  

 

Supermarket Chain Pays Millions Back to 401k Plan

ALL YOU HAVE TO DO IS ASK

Ok401k has an in depth "forensic" 401k fee analytical program that enables, you the 401k plan sponsor,  to spot unnecessary high hidden fees or high share class funds that may get lowered if you just ask.  For years we have been helping our growing list of satisfied 401k clients with low cost 401k plans, quality top performing investments, on site investment help and effective fiduciary 401k services.  If you feel that your 401k plan may have hidden fees, please give us a call and we will provide a no cost, no obligation comparison in a matter of days.   
 
Email me at terrencemorgan@ok401k.com or call us at (405) 603 4986 to schedule your comparison today!  

Sincerely,


Terrence Morgan
Ok401k, Inc.
Terrence Morgan, AIF
terrencemorgan@ok401k.com 

Ok401k, Inc.
(405) 603 4986
Terrence Morgan, AIF is a Registered Representative of and offers securities though Wilbanks Securities, Inc. Member FINRA & SIPC.  Securities activities supervised from Wilbanks Securities, Inc. at 4334 Northwest Expressway, Suite 222, Oklahoma City, Ok.  73116.    (405) 842 0202.  Fee based through Wilbanks Securities Advisory.  Fiduciary status requires employer being given WSA ADV form Part II and a fee agreement must be established.