Technical Resources

Technical Resources covers the nuts and bolts of the retirement plan market, focusing on IRS and DOL regulations, ERISA litigation, fiduciary governance and more.

 

 


Technical Resources

Technical Resources

By Craig Hoffman4/11/2014 • 0 Comments

The Department of Labor released its long-promised proposal to require that a guide or summary accompany a covered service provider’s 408(b)2) disclosures on March 11. The final 408(b)(2) regulations, which became effective July 1, 2012, left this question open, with the DOL promising to revisit the issue in the future. Release of the March 11 proposed rule makes good on that promise. READ MORE

By John Iekel4/11/2014 • 0 Comments

“I’m a fiduciary? What does that mean?” Strange as it may seem, there are plenty of plan sponsors who ask that question — more than half of them, in fact, according to Unified Trust Company CEO Dr. Gregory W. Kasten. In an ASPPA webcast, “Breaking Down the Many Fiduciary Roles, Obligations and Service Models,” he offered information to dispel the fog regarding what a fiduciary does and can do.  READ MORE

By John Iekel4/10/2014 • 0 Comments

Plan advisors are well aware that one of their clients’ newest — not to mention most publicized and even controversial — demands is fee disclosure. To meet that demand, some advisors are going a step further. Investment News reports that some advisors are providing fee policy statements in addition to the required information. READ MORE

By John Iekel4/10/2014 • 0 Comments

Many employers match a certain percentage of what their employees defer into their 401(k)s. In the wake of the recent debacle at AOL, Investment News looked at the advantages and disadvantages of providing the match on an annual basis. READ MORE

By John Iekel4/9/2014 • 0 Comments

Your clients offer 401(k) plans, and all have 401(k) plan committees. Those committees have fiduciary responsibility, and it’s in your clients’ interest to make sure they are fulfilling their duties. They can do that through meetings of those committees and quarterly reviews, our friends at the 401khelpcenter remind us, and offer some tips on those functions. READ MORE

By John Iekel4/8/2014 • 0 Comments

Offering participants too many options can discourage enrollment. But what’s the “sweet spot” in terms of the optimal number of enrollment options? A test by Fidelity found that 78 percent of participants preferred a three-part enrollment option — and that those who chose that option contributed more.

READ MORE

By John Iekel4/7/2014 • 0 Comments

IRS guidance and a pointed reminder from an industry group illustrate the increased frequency and importance of rollovers, not to mention that they are piquing the interest of federal regulators and interest groups.   READ MORE

By John Iekel4/7/2014 • 0 Comments

More than 50 million employees in the United States participate in a 401(k) plan, and recent research shows strong employee interest in contributing part of one’s salary to achieve a comfortable retirement. Employers have a variety of features they can incorporate in the plans they offer, and they can use them to increase not only assets, but employee participation and involvement too.  READ MORE

By John Iekel4/7/2014 • 0 Comments

Sometimes rules are made to be broken — even when they are long-standing and seem rock-solid. The 4 percent rule is one, and “Breaking the 4 Percent Rule,” a recent paper by J.P. Morgan makes the case for that. READ MORE

By John Iekel4/6/2014 • 0 Comments

Municipal bankruptcies like Detroit’s bring into sharp relief the effect such financial strains can have on pensions, as well as the effect of what local and state governments do. But there is good news — most states have taken steps to protect public-sector pensions.  READ MORE

By John Iekel4/6/2014 • 0 Comments

Target date funds reflect that flexibility and engagement have become firmly entrenched aspects of retirement plan management for both participants and plan sponsors. In a NAPA webinar, “Target Date Trends and Evaluation,” T. Rowe Price’s Jerome A. Clark discussed how TDFs reflect greater discretion over how funds are managed. READ MORE

By John Iekel4/6/2014 • 0 Comments

Is your pension plan fully funded? The answer is relevant to more than individual participants’ accounts, as Bob Collie posits in the Fiduciary Matters Blog. A plan’s funding level also affects how a plan’s assets are allocated and invested, as well as pension de-risking.  READ MORE

By John Iekel4/6/2014 • 0 Comments

Saying that she is troubled by 401(k) providers that are circumventing the 408(b)(2) fee disclosure rule’s demands, EBSA’s Phyllis Borzi warned providers March 11 that they need to do a better job at following the rule’s requirements to provide information that is easy to understand. READ MORE

By John Iekel4/5/2014 • 0 Comments

What do DB benefit plans, DC plans and 403(b) annuity arrangements have in common? Yes, there’s the obvious. But also, they all are retirement plans that must file the dreaded and onerous Form 5500. And for most of them, the clock has begun to tick on filing the form that reports on 2013. READ MORE

By John Iekel4/4/2014 • 0 Comments

In remarks at a recent conference on income inequality, Sen. Ron Wyden (D-OR), the incoming Chairman of the Senate Finance Committee, may have tipped his hand on how he will treat employer-provided retirement plans, advocating the simplification and consolidation of “the array” of current retirement savings accounts. Wyden also said he would like to move toward a system of automatic savings for workers. READ MORE

By John Iekel4/4/2014 • 0 Comments

On the Department of Labor’s radar screen: requiring DC plan administrators to adjust the benefit statements they distribute to provide lifetime income illustrations based on current and projected account balances. So a recent study by the LIMRA Secure Retirement Institute is particularly well-timed. The study shows that not all information is equal — or even useful. LIMRA found that while most employees find retirement income projections helpful, others found it wanting.  READ MORE

By John Iekel4/3/2014 • 0 Comments

The words have barely faded from the teleprompter, but retirement experts have wasted no time in expressing caution regarding the “myRA” retirement accounts President Obama unveiled in his State of the Union Address. Chris Carosa of Fiduciary News provides a comprehensive list of 10 reasons to be cautious about myRAs. READ MORE

«« First |1 2 3 4 5 6 7 ... 76 77 78 79 | Next › Last ››