The New York Department of Financial Services recently proposed new regulations that would adopt a “best interest” standard for sellers of life insurance and annuity products – and it could extend to IRAs.The proposal would amend 11 NYCRR 224 (Insurance Reg. 187) to expand the scope of the existing... READ MORE

Yet another 401(k) provider and investment manager has been sued by one of its own participants for breaching its fiduciary duties to the plan – and while the claims are familiar, the venue is different.This time the target is Mutual of Omaha in a suit filed last week in the U.S. District Court for... READ MORE

If you’re going to the NAPA 401(k) SUMMIT, you don’t have much time to take advantage of the early bird registration rates.That’s right – after January 31, you’ll pay more to be part of the nation’s retirement plan advisor convention. Do you have money to burn?If you’re serious about working with... READ MORE

Have Millennials been fooling us all along? New survey results show that one in six Millennials has $100,000 or more in savings, but there appears to be a healthy dose of skepticism circulating over the finding.Stereotypes typically depict Millennials as having irresponsible savings habits, but... READ MORE

The new tax reform law is fueling changes to corporate America’s employee benefits programs – with expanding personal financial planning and boosting 401(k) contributions topping the list, according to a new employer survey by Willis Towers Watson.Two-thirds of those (66%) surveyed are planning or... READ MORE

Capital Group has prevailed in an excessive fee suit brought by a participant in the money manager’s 401(k) plan, with the judge noting that “fiduciaries need not choose the cheapest fees available to the exclusion of other considerations.”This suit, brought by D’Ann Patterson against Capital Group... READ MORE

At a Jan. 24 session of the National Tax-deferred Savings Association’s 2018 NTSA Summit in Houston, American Retirement Association CEO Brian Graff discussed the most important federal legislative and regulatory developments affecting retirement plans, including 403(b) and 457 plans.Tax ReformThe... READ MORE

In an attempt to lower health care costs, companies have initiated wellness programs, but there does not appear to be a universally accepted, empirical method to measure overall effectiveness and return on investment. HealthyCapital – a new joint venture of Mercy and HealthView Services – seeks to... READ MORE

Here’s a great opportunity for you to help your plan sponsor clients (and you) get some well-deserved recognition.The Plan Sponsor Council of America (PSCA) is once again recognizing excellence in plan communications and education with their Signature Awards. There are 12 categories of recognition... READ MORE

ERISA consultants at the Retirement Learning Center 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 plans.A recent call with a senior financial advisor from... READ MORE

A new excessive fee suit has been filed – this time against a hospital’s retirement plan – and from a different direction.The suit (Disselkamp v. Norton Healthcare, Inc., W.D. Ky., No. 3:18-cv-00048, complaint filed 1/22/18) was filed in the U.S. District Court for the Western District of Kentucky... READ MORE

A new study finds that a significant number of wealthy Millennial investors literally expect a free lunch or other gift from their financial adviser for being a client, more so than other generations.The report by the Spectrem Group – Millennial and Generation X Investors: Attracting the Next... READ MORE