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For every person who is addicted to social media, there’s another person who has sworn it off for fear of getting “sucked into the void.” Because of this, there are hundreds of professionals who are missing out on opportunities to use social media outlets, especially LinkedIn, for specific business...
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The ERISA consultants at the Learning Center Resource Desk, which is available through Columbia Threadneedle Investments, regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with an advisor in...
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A new Morningstar analysis finds no relationship between fund manager changes and future returns – but there are impacts.“A management change is not predictive of a performance downturn,” notes Quantitative Analyst Madison Sargis and Kai Chang, Director of Quantitative Research at Morningstar. “In...
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I recently wrote about what’s wrong with automatic enrollment. Turns out there’s more – and it has to do with when things actually go “wrong” with automatic enrollment.See, it’s one thing to say that eligible employees should be automatically enrolled – and yet another to actually get them enrolled...
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The Washington State Department of Commerce is updating the rules for the state’s Small Business Retirement Marketplace. The department is responsible for managing the Washington Small Business Retirement Marketplace in consultation with the state Office of the Insurance Commissioner and...
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As more states look to establish retirement savings plans for private sector workers, a new report by LIMRA’s Secure Retirement Institute finds that 55% of DC plan sponsors indicate they are “very likely” or “somewhat likely” to stop offering their DC plan in favor of having their employees enroll...
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An Ohio man has been indicted by a federal grand jury for stealing money from… the nation’s private pension insurer.According to a press release from the U.S. Attorney’s Office for the Northern District of Ohio, a federal grand jury indicted Dean Nikolaides, 63, of Warren, for theft of government...
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At the beginning of the year, Nuveen’s Bob Doll labeled 2017 as a “Year of Transition.” Halfway through the year, he updates his Top 10 list of economic indicators.In his mid-year update, Doll noted that improving economic growth, accelerating corporate earnings, rising interest rates and climbing...
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Every plan sponsor has unique expectations and attributes – as do those who work with them. But when it comes to the services one looks for – and values – certainly some rise to the top.In this week's reader poll, we’d like to know what you think plan sponsors value most in an advisor – and what...
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The 2017 NAPA DC Fly-In Forum featured a panel discussion with two leading ERISA attorneys about how they view today’s landscape of 401(k) and 403(b) plan litigation. The panel was moderated by David Levine of the Groom Law Group.Evolving Plaintiffs’ StrategyAddressing where we stand today with...
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The American Retirement Association has responded to Senate Finance Committee Chairman Orrin Hatch (R-UT) expressing its strong support for tax incentives to encourage retirement savings.“The goals of achieving a tax code that is efficient, fair, and increases the financial and retirement security...
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A group of lawmakers has responded to the Labor Department’s request for information (RFI) on the fiduciary regulation delay – by expressing concern that the RFI would be used as a pretext for revising the final rule.The group of Democratic Senators and Representatives – Sens. Patty Murray (D-WA),...
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The July 1 launch of Oregon's state-run auto-IRA pilot program has been a success, according to a report by the Oregon Retirement Savings Board that looks at the program’s first few weeks, as well as what lies ahead.Status ReportThe minutes of the board’s June 20 meeting report that by then, 11...
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Failing to repeal the tax increases contained in the Affordable Care Act will make it much more difficult for Congress to achieve full-fledged, revenue-neutral tax reform. That was one of the key takeaways that emerged from the 2017 NAPA DC Fly-In Forum, held July 18-19 in Washington, DC.Fly-In...
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The United States fell three spots to number 17 among 43 countries in a newly released Global Retirement Index that provides a measure of how supportive the climate is for retirement across nations in the developed world.Despite strong showings in health care spending and strength of financial...
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What can you do today to create a process that promotes your retirement plan expertise?We are a marketing firm, so when we have the “Does marketing work?” conversation with potential clients, it naturally inspires an answer to the effect of, “Of course!” We have heard the full range of reasons...
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Noting that some experts believe that a persistently high part-time employment rate may be a “new normal,” Guardian’s fourth annual Workplace Benefits Study, Part-Time Nation, contends that many part-timers are falling behind financially because part-time workers and contractors are often...
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Testifying before a July 19 House Ways & Means Subcommittee on Tax Policy hearing on simplifying the tax code, NAPA Vice President Jania Stout offered several recommendations to help make it easier for small businesses to offer retirement plans and for American workers to save in these plans....
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The House Education and the Workforce Committee approved legislation July 19 that would repeal the DOL’s fiduciary regulation.Not surprisingly, the 23-17 vote in support of the Affordable Retirement Advice for Savers Act (H.R. 2823) fell along party lines. The bill was introduced June 8 by...
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The surging stock market may have muted suits brought by participants regarding employer stock holdings – but a new one claims to be “about the defendants’ abject failure, as plan fiduciaries, to protect the interests of the participants.”The plan at issue this time is Sears Holdings Corp., which,...
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A new analysis finds that the costs of providing retirement benefits declined by 25% between 2001 and 2015, but perhaps not for the reason(s) you think.Between 2001 and 2015, overall employer benefit costs relative to pay rose by 3.5 percentage points. Pay increases have not kept pace with higher...
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The ERISA consultants at the Learning Center Resource Desk, which is available through Columbia Threadneedle Investments, regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans.A recent call with an advisor in Maryland is...
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Kicking off the first day of the 5th annual NAPA DC Fly-In Forum July 18, Senate Finance Committee member Ben Cardin (D-MD) expressed his unwavering support for the current tax incentives for retirement savings, noting that a fundamental point for him on tax reform will be to first “do no harm.”...
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To help prevent retirement plan cashout leakage when workers change jobs, Sen. Tim Scott (R-SC) and 10 other GOP Senators plan to send a letter today to Labor Secretary Alexander Acosta asking the DOL to issue guidance clarifying the application of ERISA to auto portability features — that is, ones...
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