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December’s market volatility capped off a year in which 401(k) investors started off flocking to equities, only to later flee them for fixed income.
According to the Alight Solutions 401(k) Index, 2018 was an interesting year for trading activity among 401(k) investors, as 18 of the first 28...
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A month ago, when we wrote about the 61st Annual Survey of Profit Sharing and 401(k) Plans from the Plan Sponsor Council of America (PSCA), there were several key points highlighted – but there are some interesting findings you might have overlooked.
Perhaps the most significant finding of that...
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Some studies suggest that Millennials aren’t saving enough and lack confidence making investment decisions, while others suggest Millennials are aggressive, knowledgeable and confident when it comes to investing. So what’s the deal?
It turns out that advisors may be taking the wrong approach in...
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The gym parking lot is full — must be January, with New Year’s resolutions fresh on people’s minds. But a recent blog argues that resolutions about physical fitness are not the only kind that should be made; it suggests that they should also include being ready for a plan audit by the IRS or...
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This is the time of year when resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are four for plan fiduciaries to keep in mind all year long.
Find your plan document(s) – and read them.
One of the key guiding principles for plan fiduciaries is...
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One week into the 116th Congress and the first retirement legislation has been introduced.
I will admit, the bill has a particular focus, and that many of you probably don’t interact with multi-employer plans, which are created by collective bargaining agreements and sponsored by multiple...
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Legislation is before the Virginia House of Delegates that would establish the My Virginia Plan Program, a state-based retirement plan. The bills were prefiled by Del. Luke Torian (D-Dumfries), who introduced them before the new session of the state’s General Assembly began on Jan. 9.
H.B. 2431
H...
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Having repeatedly come up short, the plaintiffs in an excessive fee case have just come up short – again.
The plaintiffs in this case have been at it since February 2016, when they, represented by the St. Louis-based litigation powerhouse Schlichter, Bogard & Denton, first challenged the $19...
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After more than a decade of litigation, a federal judge has approved the $6.9 million settlement struck by the parties, including $2.3 million to the plaintiffs’ attorneys.
The original lawsuit, filed in 2007, claimed that Citigroup’s 401(k) plan fiduciaries “put Citigroup’s interests ahead of the...
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The IRS has issued a draft of the instructions for the Form 5500-EZ to be used in reporting concerning 2018. The IRS has done so in order to provide information to filers; the draft instructions are not to be used for actual filing.
What’s New
The IRS notes that there are two changes in the form...
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