On Nov. 3, the Department of Labor published its proposal to (1) redefine an “investment advice fiduciary” under ERISA and (2) also modify the prohibited transaction exemptions available to such fiduciaries. That is, the proposal would (1) change who is an ERISA fiduciary and (2) the conditions... READ MORE

The guidance the IRS just issued in Revenue Procedure (Rev. Proc.) 2023-37 on qualified and 403(b) pre-approved plans made some significant changes in order to conform, clarify, and update the rules. Here’s a look at some of the key changes, which generally became effective on Nov. 21, 2023, with... READ MORE

Humans typically reject new technology, at least initially. Cars were killers and electricity sorcery, and so it is with artificial intelligence (AI), a Skynet-supported superintelligence network that will doom us all. Or maybe not—at least with financial advice. Integrated wealth management... READ MORE

Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO... READ MORE

Hear Full Episode: Listen on iTunes | Listen on Spotify | Listen on Google Podcasts The latest iteration of the fiduciary rule is out and making waves. What the Retirement Security Rule is, what it says and what it does is dominating industry discussion, so American Retirement Association CEO... READ MORE

Will the widespread adoption of annuity options within the retirement plan ever happen? What will it take for plan sponsors to feel comfortable enough to include them in the investment menu? The answers aren’t easy, and LIMRA notes that the vast majority of defined contribution (DC) plans—an... READ MORE

The release of a proposed regulation that provides guidance on the “long-term, part-time employee” (LTPTE) rules a mere 25 working days before they’re effective places too great a burden on plan sponsors to comply, the American Retirement Association (ARA) wrote in a letter to the Internal Revenue... READ MORE

On Oct. 31, the Biden Administration rolled out its long-anticipated update to the fiduciary rule.  While it has a new name—the Retirement Security Rule—it builds on and extends the Labor Department’s reach by focusing on both the needs and perceptions of the retirement investor and eliminating... READ MORE

The global professional services firm has announced that its pooled employer plan—the Aon PEP—has reached $2 billion in 401(k) assets under administration and commitments since its inception in 2021 and has doubled during the last year.   According to the firm’s announcement, the Aon PEP currently... READ MORE

Like many of you, I have spent a fair amount of time over the past couple of weeks reading and analyzing the impact and import of the new fiduciary rule proposal—not to mention the legal pundits who seek to tell us what they think it means, or might mean, regardless of what the proposal actually... READ MORE

It has been nearly a year since Congress passed the SECURE 2.0 Act. As the name of the bill suggests, that law was the second significant retirement savings policy bill enacted in the span of five years.  A year later, while most practitioners and retirement plan sponsors are focused on... READ MORE

Good news from the Pension Benefit Guaranty Corporation (PBGC): both its multiemployer and single-employer insurance programs are healthy and in an even better financial position than they were at the start of 2023.  The PBGC—which protects the retirement benefits of more than 31 million workers,... READ MORE