Is the Time Right for 3(16) Solutions?

Most of the discussion these days is about outsourcing investment fiduciary duties under ERISA section 3(38), which transfers full discretion or limited discretion to the co-fiduciary under section 3(21). But more and more advisors are looking at transferring administrative fiduciary responsibility to third parties, or so-called 3(16) fiduciaries.
  Read More

401(k) Assets Rise in Q2

Americans held $6.586 trillion in employer-based DC retirement plans on June 30, 2014, of which $4.435 trillion was held in 401(k) plans. Those figures are up from $6.357 trillion and $4.265 trillion, respectively, as of March 31, 2014, according to the Investment Company Institute (ICI).
  Read More

Got Gamification?

There is a growing interest among policymakers and regulators about the potential for gamification — the use of game thinking and game mechanics in non-game contexts to engage users in solving problems — to enhance and expand savings in DC plans. If you’ve had experience with this approach, or know someone who has, we’d love to talk with you to learn more about your experiences and results. Confidentially, if you’d prefer. Please email me at   Read More