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One ordinarily would not leave a pile of cash unattended on a table in a public place — it may not be there long. But the advent of electronic banking, plan administration and account information makes it possible for cyber criminals to plunder assets on a virtual picnic table, absent protections....
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A recent survey of DC plan sponsors and consultants finds that when selecting a target-date strategy or other QDIA, plan sponsors were most concerned about participants’ longevity risk and their ability to achieve higher retirement account balances over the long term.T. Rowe Price’s survey, “...
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The American Retirement Association has submitted a comment letter to the IRS concerning the IRS’ 2018-2019 Priority Guidance Plan.
In the June 15, 2018, comment letter the ARA says it “believes that each and every item” on the IRS’ plan for 2018-2019 “is important to provide clarity and guidance...
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While June 13 was widely cited as the last day the Department of Labor (DOL) could appeal to the U.S. Supreme Court the 5th Circuit’s ruling vacating the fiduciary rule, that day has now come – and gone.
So now the prevailing wisdom is that the DOL fiduciary rule, as it largely existed, is now dead...
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The Oregon Retirement Savings Board (ORSB), the body that runs OregonSaves – the nation’s first state-sponsored savings program for employees whose employers do not offer retirement benefits – has provided an update on recent activities, implementation and future steps.
Where Things Stand
May 15...
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Thinking outside the box is often a valued attribute; in the retirement plan universe, it can find expression in arrangements and plan features that offer flexibility, liquidity and portability. But a recently released paper suggests that it is important to be mindful of fiduciary duties while...
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There were mixed results for defined benefit and defined contribution plans in the first quarter of 2018, the Federal Reserve reports. In short: assets grew, but so did liabilities.
Assets
The Fed reports that assets for private DB and DC plans — showed mixed results since the 4th quarter of 2017...
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Guess how many CE credits you can get at the ASPPA Annual Conference.This year you can earn up to 25 ASPPA CE credits — with three ethics credits available — for the 2017–2018 CE cycle. Sessions offer up to two credit hours each.At “ASPPA Annual” — one of the retirement industry’s longest-running...
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Another provider has been sued by an employee-participant in its own 401(k) plan, not just for its inclusion of proprietary funds, but the type and number of options on its menu — and its target-date strategy.The suit, filed by participant-plaintiff Diego Cervantes in the U.S. District Court for...
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The IRS determination letter program and what to do about missing participants were among the topics the Employee Plans (EP) Subgroup of the IRS Advisory Committee on Tax Exempt and Government Entities (ACT) addressed in the general report it issued on June 7.
The American Retirement Association (...
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