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First the Labor Department announced a target for a fiduciary rule redo – and now the Securities and Exchange Commission has announced a review of its Regulation Best Interest. The SEC has announced a meeting on June 5 where it “…will consider whether to adopt a new rule to establish a standard of... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Ashland, Wisconsin, law enforcement received a report of a stolen vehicle about 5:43 a.m…. Fortunately, later that day the owner located the vehicle… undamaged…... READ MORE
As the Memorial Day holiday (and, as tradition holds, summer vacation, generally) approaches, it’s time once again to pick the best song(s) about retirement. We’ve done this for several years now – and each year has brought together a different playlist. So, as you crank up the tunes – in your car... READ MORE
UPDATED: May 24, 2019, at 9:30 a.m. (ET) One of the most consequential pieces of retirement security legislation in more than a decade has been approved overwhelmingly by the U.S. House of Representatives.     In a May 23 House floor debate that featured much praise and few objections, the... READ MORE
The federal government’s updated Spring 2019 unified regulatory agenda sheds some light on prospects for the Department of Labor’s next steps on a fiduciary rule revamp.  The DOL’s updated regulatory agenda confirms that the agency has set a target date of December 2019 to issue a Notice of... READ MORE
Bipartisan legislation calling on the SEC to revise its definition of small businesses to help ensure that the commission more broadly considers the burden of its regulations on small investment advisers has been reintroduced in Congress.   The Investment Adviser Regulatory Flexibility Improvement... READ MORE
The agenda’s taking shape for the most engaging and interactive advocacy event of the year. NAPA’s D.C. Fly-In Forum, now in its seventh year, is a unique experience for elite advisors who are looking to have an impact and engage with key federal policy makers as you advocate for legislative and... READ MORE
The fire and ice of dragons in winter. Leprechauns sitting in a pot of gold at the end of the rainbow. This is the stuff of mythology. But even the seemingly commonplace can incorporate a dash of mythology as well, notes longtime industry analyst Warren Cormier – including DC plans.  Speaking at... READ MORE
An annual 401(k) plan benchmarking report finds that the top five industries with the best plans continue to outpace the competition for the third year in a row.   Judy Diamond Associates’ fourth annual 401(k) Plan Benchmark Report, which tracks the overall performance of plans by industry and... 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
New data shows that the average balances for self-directed brokerage accounts bounced back from the sharp losses seen at the end of 2018.   According to Charles Schwab’s latest SDBA Indicators Report, which analyzes investment trends from 137,000 retirement plan participants who currently invest... READ MORE
The House of Representatives is moving forward with its promise to approve the Setting Every Community Up for Retirement Enhancement (SECURE) Act during the month of May. On May 21, the House approved on a party-line vote the so-called “rule” for the SECURE Act (H.R. 1994) – a key procedural... READ MORE
Consensus is a part of who we are as a people. But voices offering new ideas that challenge accepted mindsets are also part of who we are. And that applies to the discussion concerning retirement savings and preparedness as much as it does for anything else. There was lively debate in the May 15... READ MORE
Disqualification of an expert witness “is a drastic measure that courts should impose only hesitantly, reluctantly, and rarely.” Thus begins a rebuttal to an attempt to disqualify well-known ERISA attorney Marcia Wagner as an expert witness in an excessive fee case. The plaintiffs in the case,... READ MORE
I was late to the Game of Thrones – and though its final season seems a bit “rushed” – there has been plenty to not only watch, but mull over in its eight-season run. And yet, as the series wound to a close on Sunday night, I kept thinking there were some lessons for retirement amidst the mayhem... READ MORE
When it comes to living a comfortable retirement and having enough money to retire, workers throughout the world share many of the same concerns, according to a new global survey.  The most frequently cited retirement concerns are declining physical health (50% global and 44% U.S.) and running out... READ MORE
As the Memorial Day holiday (and, as tradition holds, summer vacation, generally) approaches, it’s time once again to pick the best song(s) about retirement. We’ve done this for several years now – and each year has brought together a different playlist. So, as you crank up the tunes – in your car... READ MORE
The 2019 Advisory Council on Employee Welfare and Pension Benefit Plans, a body that provides support and advice to the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA), has said that it will be reviewing transfers of uncashed checks from ERISA plans to state unclaimed... READ MORE
There has been a lot of litigation in recent months alleging excessive fees and an imprudent reliance on proprietary funds by asset manager’s own 401(k) plans. But a new study finds some interesting differences in plan design and participation. The findings are captured in a recent white paper... READ MORE
Demand for environmental, social and governance (ESG) strategies is strong among investors and research supports the case for integrating ESG factors into the defined contribution investment decision-making process, yet the industry still appears hesitant, according to two new reports.  In “... READ MORE
Is there a retirement crisis or not? House Budget Committee members and experts who testified before the committee on May 15 did not agree. But at least they did concur on one thing: the need to take action to bolster the retirement readiness of those who are not well prepared. Testifying before... READ MORE
Changes that don’t have anything to do with retirement might undermine bipartisan support for retirement security legislation. House Majority Leader Steny Hoyer (D-MD) late last month had announced that the House planned to take up the Setting Every Community Up for Retirement Enhancement (SECURE... READ MORE
The IRS recently made it easier (and less costly) to fix certain operational issues without the need for an IRS filing or payment of a user fee – but will this have an impact on current usage? The vast majority (84%) of this weeks’ respondents said their plan sponsor clients that needed to, did... READ MORE
NAPA Founding President Marcy L. Supovitz has been named to the ERISA Advisory Council, which advises the Labor Department on policies and regulations regarding ERISA plans. The 15-member council (formally titled the Advisory Council on Employee Welfare and Pension Benefit Plans) provides advice... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Key West, Florida, Shonta Bolds, 36, was arrested and charged with assault with a deadly weapon… after an unnamed man reportedly began taking video of her… so, what... READ MORE

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