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A new report forecasts how the innovations brought on by the Pension Protection Act will continue to evolve, foreseeing a DC industry that takes on some of the traditional features of the DB industry.
In its 250th issue of The Cerulli Edge – U.S. Asset and Wealth Management Edition, Cerulli...
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Recently, the Wall Street Journal’s Anne Tergesen wrote a story titled, “Mixed Bag for Auto-enrollment.” Citing data presented at the recent EBRI Policy Forum,1 the article claimed that “employees who are automatically enrolled in their workplace savings plans save less than those who sign up on...
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The SEC’s proposed Regulation Best Interest (Reg BI) is remarkable in its similarities to the DOL’s vacated Best Interest Contract Exemption (BICE) – or so Fred Reish thinks.
With a beginning note of caution that Reg BI applies to securities recommendations, while the BICE would have (but for the...
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President Trump has nominated Senate Banking Committee aide Elad Roisman to serve as a Republican member of the Securities and Exchange Commission (SEC).Roisman, who currently serves as Chief Counsel to the Senate Banking, Housing and Urban Affairs Committee under Chairman Mike Crapo (R-ID), would...
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A regional office of the Employee Benefit Security Administration (EBSA) has been threatening enforcement actions against plan sponsors who correct the late deposit of participant contributions or loan repayments without making a formal submission under the DOL’s Voluntary Fiduciary Correction...
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The official hurricane season has just begun (the National Oceanic and Atmospheric Administration says it starts June 1). But we’ve already had a tropical system hit the United States (Alberto) — and that serves as a reminder that it can be helpful to a service provider and plan administrator to...
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The victorious plaintiffs in litigation vacating the Labor Department's fiduciary rule would like the U.S. Court of Appeals for the 5th Circuit to put the rule — and the financial services industry at large — out of its collective "misery."In a letter to the Clerk of Court for the U.S. Court of...
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The Securities and Exchange Commission (SEC) approved a proposal on June 4 that it says will improve the method for delivering fund shareholder reports to investors in mutual funds, ETFs and other investment funds.The SEC also announced that it is inviting comments on improving the fund disclosures...
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In spite of continued volatility, April’s “showers” produced some May flowers for average 401(k) balances.
In May, estimates based on the actual contribution records and investment choices of several million consistent participants in the EBRI/ICI database indicated that the average 401(k) account...
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In a June 4, 2018 comment letter to the IRS, the American Retirement Association (ARA) recommended that the IRS expand its determination letter program to cover specific situations, which the ARA believes “would resolve the most critical open issues that impact the qualified status of the form of...
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