by Kevin McBride | Nov 29, 2022
Many pension plans deceptively use “net asset value” for valuing plan assets–and therefore do not present a fair picture of “fair value.” This means that if you need to access money in your pension account, you might have much less money...
by Kevin McBride | Mar 7, 2023
Plan fiduciaries are required to do an asset write-down of the fair value of an asset has has dropped. (See, Hughes v. Northwestern University) Otherwise, an asset’s value may be over-stated and you may not know what your 401k plan is actually worth. But the...
by Kevin McBride | Feb 15, 2023
FAIR VALUE Pension assets must be valued and reported at “fair value.” The goal, of course, is to categorize each asset by its characteristics and risks, so that value can be most readily understood and acted upon by (a) plan fiduciaries in making...
by Kevin McBride | Mar 21, 2023
IS MY 401k PLAN AT RISK? This article provides a useful framework to help you spot risks embedded in a 401k plan caused by volatile financial markets. INTRODUCTION Is my 401k plan at risk? To understand the risk inherent in your 401k plan in a volatile or falling...
by Kevin McBride | Mar 10, 2023
What happened at Silicon Valley Bank? What caused a run on the bank’s deposits? The short answer is…a liquidity problem caused by mismarking asset values used for loan collateral in a climate of rising interest rates. Here is a quick review of what...
by Kevin McBride | Mar 9, 2023
THE BED BATH & BEYOND 401k SAVINGS PLAN The Bed Bath & Beyond 401k Savings Plan is a defined contribution plan with 19,268 plan participants and beneficiaries. The plan sponsor is Bed Bath & Beyond, Inc. Plan performance is difficult to gauge since $104...
