Advertisement
News Archive
The Department of Labor (DOL) announced that the Employee Benefits Security Administration (EBSA) published the unofficial transcripts of its online hearing on the Notice of Proposed Rulemaking, “Retirement Security Rule: Definition of an Investment Advice Fiduciary” and related proposed prohibited...
READ MORE
If ever there was a Groundhog Day movie moment, this might be it, as battles over implementing a new fiduciary advice rule and confirming a labor secretary continued this week.
The latest salvo comes from a powerful group of Republican senators who on Dec. 18 wrote to Acting Labor Secretary Julie...
READ MORE
A new study finds that two-thirds of people are confident they will be able to maintain a comfortable lifestyle in retirement, but diving deeper into the data shows that sentiment varies dramatically across demographic segments.
Overall, roughly 1 in 4 Americans (24%) strongly agree they are...
READ MORE
The IRS on Dec. 20 issued the 2023 cumulative list of changes in plan qualification requirements for pre-approved defined contribution (DC) plans. The changes are contained in Notice 2024-03.
The 2023 Cumulative List is intended to assist providers applying to the IRS for opinion letters for the...
READ MORE
Well, here we are again at the end of yet another—albeit shortened—workweek…and yet, there’s (still) no shortage of…well, just look at what happened to these guys and gals…
The Worst National Park Reviews of the Year, including classics like “There was nothing to do, I didn’t see a bear, and that...
READ MORE
Do you feel that a lack of a solid online presence costs you clients? You’re not alone
It started with a recent LinkedIn alert. I hadn’t talked to this guy in about a year, and he hit me up: “Hey Spencer, business is going great, but I’ve realized that I never spend time building my personal brand...
READ MORE
The Internal Revenue Service has just released new guidance in the form of questions and answers addressing several key provisions contained in the SECURE 2.0 Act of 2022.
The IRS advises that the notice (Notice 2024-02) is not intended to provide comprehensive guidance as to the specific...
READ MORE
While participation rates in 401(k) plans dropped in 2022, participation rates increased in 403(b) plans in the same time frame to a record high, according to the Plan Sponsor Council of America’s (PSCA) 2023 403(b) survey.
PSCA is part of the American Retirement Association.
The survey,...
READ MORE
In a preemptive move to protect financial markets and the retirement savings system from being unfairly manipulated by AI-generated content, a bipartisan pair of senators introduced legislation to address the potential threats.
Sens. Mark Warner (D-VA) and John Kennedy (R-LA)—both members of the...
READ MORE
Another major industry acquisition was announced on Wednesday with news that Aon will buy NFP. Aon will pay $13.4 billion ($7 billion in cash and $6.4 billion in stock).
The acquisition reportedly expands Aon's reach in the large and middle-market risk, benefits, wealth, and retirement plan...
READ MORE
ERISA consultants at the Retirement Learning Center (RLC) Resource Desk 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 and income plans, including nonqualified plans, stock...
READ MORE
A new suit claims that the interest rates paid on Merrill Edge retirement accounts have lagged market trends and fallen short of the “reasonable” rates they claim to provide.
The suit was brought by one Margaret McCrary, who has filed a class action suit for breach of contract on behalf of herself...
READ MORE
The retirement market presents an “underappreciated” growth opportunity for advisors who are not necessarily retirement specialists, according to a new study that looks at key trends shaping the future of financial advice in 2024.
Drawn from research published by Envestnet’s Market Intelligence...
READ MORE
Retirement and benefits administration service provider BPAS announced that its AutoRollovers service has joined with the SS&C Technologies’ Automatic Rollover Program (ARP) to enhance retirement plan servicing.
The collaboration between BPAS AutoRollovers and SS&C's ARP aims to simplify...
READ MORE
“You better watch out, you better not cry, you better not pout…”
Those are, of course, the opening lyrics to that holiday classic, “Santa Claus is Coming to Town.” And while the tune is jaunty enough, the message—that there’s some kind of elfin “eye in the sky” keeping tabs on us—has always struck...
READ MORE
The Office of the Inspector General (OIG) is concerned about the ability of the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) to exercise oversight and protect the integrity of benefit plans, particularly concerning audits. The OIG for the U.S. Department of Labor...
READ MORE
The Labor Department says a federal judge mis-instructed the jury on the burden of proof in an excessive fee suit—and wants them to get another hearing.
The suit against Yale University was one of the first to be filed in this area—and by Schlichter Bogard & Denton LLP (now just Schlichter...
READ MORE
Even though a recession never materialized, 2023 ended up being a challenging year for investors with the Fed calling the shots, Bob Doll observes in looking back on his 2023 predictions.
As things currently stand, he will have achieved just 5 out of 10 correct predictions for 2023, which he notes...
READ MORE
Fiduciary defendants have moved to dismiss (with prejudice) a 401(k) suit that alleged a fiduciary breach in the use of forfeitures to offset company contributions saying, among other things, that the participant-plaintiff suffered no injury—and thus, had no standing to sue.
At a high level, the...
READ MORE
Listen on iTunes | Listen on Spotify | Listen on Google Podcasts
What are the biggest challenges facing TPAs, RIAs and recordkeepers? And what will be most impactful from all that we’re seeing on the legislative and regulatory front? We turned to PenChecks’ President and CEO, Spiro...
READ MORE
As the impact of unpaid family caregiving takes a toll on the ability to save for retirement, newly introduced legislation seeks to alleviate some of that stress.
Reps. Claudia Tenney (R-NY) and Chris Pappas (D-NH) on Dec. 13 introduced the Expanding Access to Retirement Savings for Caregivers Act...
READ MORE
Baltimore-based Transamerica announced that it has been selected as the recordkeeper for Gallagher's new 401(k) Choice Pooled Solutions, offering small and large employers the choice to join the group retirement plans or a pooled employer plan.
Through a single contract, an employer can select...
READ MORE
Wealth management firm Osaic announced that it has entered into a definitive agreement to acquire Lincoln Financial’s wealth management business, including all ownership interests in the Lincoln subsidiary entities comprising that business.
The transaction will include the sale to Osaic of Lincoln...
READ MORE
Well, here we are again at the end of yet another workweek …and yet, there’s (still) no shortage of…well, just look at what happened to these guys and gals…
In Rose Hill, Kansas, we bring to you…the Griswold House. And yes, we have pictures (100,000 lights)…
Your visual guide to wrapping oddly...
READ MORE
Electronic filing of the Form 5558, Application for Extension of Time to File Certain Employee Plan Returns, for form year 2023 may not be available starting Jan. 1, 2024 after all.
It appears the Department of Labor (DOL) has communicated to third-party software developers that the electronic...
READ MORE
Pages
Most Popular
NAPA's 401(k) Rollover Specialist (k)RS Credential
Recent Comments