Retirement Times – February 2021
The coronavirus relief includes a “temporary rule preventing partial plan terminations” for plan sponsors of defined contribution retirement plans.
Retirement Times – January 2021
Department of Labor (DOL) enforcement recoveries are on the rise. A recent DOL report indicates that DOL recoveries have doubled since 2018 and tripled since 2016. As a result, fiduciary liability premiums have increased 35% since last year.
Retirement Times – December 2020
Stock markets abhor uncertainty. Currently, investment prognosticators are interpreting the election results to create a relatively “stagnant” legislative environment. This opinion is based primarily on the Senate remaining in Republican control with the presidency Democratic.
Retirement Times – November 2020
Election years, with their uncertainty and increased emotions, cause anxiety for investors. Certainly, there may be short-term market volatility around elections, but history suggests that over the long-term the economy and markets move higher regardless of election outcomes.
Retirement Times – October 2020
Many Defined Contribution retirement plan participants are uncertain as to benefits of allocating their contributions to traditional vs Roth options. This is for good reason.
Retirement Times – September 2020
Good News 401(k) T. Rowe Price did a deep dive into its recordkeeping data and surfaced with a few important points. Its “Reference Point Report is an annual client data benchmarking report so plan sponsors can review trends and benchmark their progress and participant behavior across the firm’s client base… ‘We continue to see the…
Retirement Times – August 2020
It’s That Time Again! Back-to-School for Fiduciaries!Can you hear the bells ringing? It’s that time of year to review your to-do list of fiduciary responsibilities. Ask yourself the following questions to make sure you are on top of your responsibilities and liabilities. Many fiduciaries are unaware of their fiduciary responsibilities or do not understand them.…
Retirement Times – July 2020
Are Your Participants Experiencing Fee Imbalance? Subsequent to the 2012 implementation of ERISA fee reporting regulations, the Department of Labor (DOL) began to consider the appropriateness of the allocation of plan fees among participants.
Retirement Times – June 2020
IS IT TIME FOR A PLAN REFRESH? The duty to provide participants with sufficient information to make consistently informed retirement investment decisions is a basic fiduciary responsibility under ERISA Section 404(a). However, there could be some plan committees who feel their participants are not consistently making prudent decisions. According to a 2016 JP Morgan survey1…
Retirement Times – May 2020
Should your Company Implement a Student Loan Assistance Program? The simple answer is yes! By doing so, you’ll attract, retain and engage top college-educated talent at your company.