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BY Fred Barstein 9/12/2013
According to an article in the Wall Street Journal’s “CFO Journal” reporting on a Duke/CFO magazine study, more CFOs are expecting to hire part-time and temporary workers, driven by Obamacare mandates and concerns about the economy. In addition, CFOs are expected to rely on outside firms and...
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BY Ray Harmon 9/12/2013
As Phyllis Borzi was informing the attendees of the Financial Services Institute’s annual conference this week that the Department of Labor’s forthcoming fiduciary standard proposal will be delayed, AARP released a study of the attitudes of 401(k) and 403(b) participants regarding fiduciary duties...
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BY John Ortman 9/11/2013
The IRS is focusing on top hat plans at nonprofit 501(c) organizations, a recent “compliance check” questionnaire from the agency’s Employee Plans Compliance Unit reveals. Plans include sending letters and questionnaires to nonprofits seeking a range of information, according to Linda Segal Blinn...
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BY John Ortman 9/11/2013
In last week’s Question of the Week we asked, "What percentage of 401(k) plan sponsors are 'very satisfied' with the overall service they receive from their plan advisor?" Here are the results of the voting, expressed in percentages:50%: 30%60%: 45%80%: 13%90%: 8%Other: 5%Looks like poll...
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BY Fred Barstein 9/11/2013
At this week’s Financial Services Institute meeting in Washington, EBSA chief Phyllis Borzi stated that the redefinition rule will not be forthcoming in October as originally planned and that the delay could be several months. Given the heightened attention on the rule, Borzi wants to make sure...
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BY Fred Barstein 9/11/2013
When is the best time for a financial advisor to retire? According to FP Transitions, which has valued 1,000 firms with an average value of $1.4 -$1.5 million, the best age is 59, when advisors are not working so hard. Peak growth for advisors comes between the ages of 45 and 55, so advisors should...
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BY John Carl 9/11/2013
The ERISA consultants at the Columbia Management Retirement Learning Center Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with a financial advisor in California is representative of a...
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