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Under questioning at a May 1 hearing on Capitol Hill, Secretary of Labor Alexander Acosta appeared to confirm that the Department of Labor will issue a new fiduciary rule.  Acosta appeared before the House Education and Labor Committee for a hearing to examine the policies and priorities of the... READ MORE
The Internal Revenue Service has announced the expansion of areas for issuing determination letters for certain retirement plans.  Revenue Procedure 2019-20, issued May 1, details two new issues for which retirement plan sponsors may now request determination letters: Statutory Hybrid Plans –... READ MORE
Capitol Hill and statehouses, federal and state regulators, bipartisan efforts and gridlock. An expert panel discussed recent developments at the federal and state levels in an April 30 session at the Plan Sponsor Council of America’s 2019 annual conference in Tampa.  Panelists included Will... READ MORE
Is the financial services industry at an inflection point? According to new research, the next five years will see a fundamental shift in the way financial institutions create and deliver consumer products and services.  With the economy shifting away from owning and buying to renting and using,... READ MORE
Investors paid less to own funds in 2018 than ever before, according to Morningstar’s annual fee study of the cost trends of U.S. open-end mutual funds and exchange-traded funds. The study found that across U.S. funds, the asset-weighted expense ratio dropped to 0.48% in 2018, compared to 0.51% in... READ MORE
While much of the attention within the environmental, social and governance (ESG) sector of investing has been on the environmental component, a new study finds that social and governance issues are just as important if not more so.  Allianz Life’s “ESG Investor Sentiment Study” finds there is... READ MORE
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and other types of retirement savings plans. We bring Case of the Week to you to highlight the most... READ MORE
Plan sponsors and service providers already take seriously their responsibilities to protect participant data, but where are the lines of responsibilities and accountability in the event of a breach? That was the focus of a workshop at the Plan Sponsor Council of America’s 2019 National Conference... READ MORE
Plan sponsors often gloss over the reality that they are ERISA fiduciaries – or think that if they have hired an advisor, they’ve basically hired a stand-in for that responsibility. But there’s another mistake that even the most well-intentioned make – with remarkable frequency, based on what I... READ MORE
A federal court has weighed in on a new lawsuit alleging mismanagement of a 401(k) plan – and the role of the plan advisor regarding target-date fund recommendations. In another case where the plaintiffs are represented by Schlichter Bogard & Denton LLP, Judge William J. Martinez in the U.S.... READ MORE