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Consistent with prior input from the American Retirement Association, New Jersey correctly excluded ERISA plan fiduciaries from the application of its proposed new fiduciary standards. In a June 14th comment letter, the ARA – parent organization of the National Association of Plan Advisors –... READ MORE
Ever wonder what would happen in a world without defined contribution plans? Or a world in which everyone had one? A new study by the Employee Benefit Research Institute examines what impact these scenarios would have on retirement income adequacy. In recent years, various policy proposals have... READ MORE
Contending that the SEC’s new Regulation Best Interest falls short, the Massachusetts’ Secretary of the Commonwealth plans to enter the fiduciary rulemaking fray. William Galvin announced June 14 that his Securities Division is seeking preliminary comments on a proposed regulation that would apply... READ MORE
The Securities and Exchange Commission has, of course, finally published a new version of Regulation Best Interest, the new Customer Relationship Summary, and more. This week, we’d like to know: Have you had a chance to read it? Admittedly, these are thick documents, and there’s a lot going on –... READ MORE
A new study suggests that employers that focus on the financial well-being of their workers have a significant opportunity to improve employees’ financial health, while also benefiting their business.   Conducted by the Financial Health Network on behalf of Morgan Stanley at Work, the survey of 1,... READ MORE
In the two weeks since the Security and Exchange Commission approved the final version of its Regulation Best Interest, many oƒ the nation’s leading retirement and financial compliance law firms have posted white papers, alerts and blog posts parsing the rule. Here’s an annotated list of our... READ MORE
An excessive fee suit has been granted class action status in federal court. This time it’s a group of former participants in the JPMorgan Chase 401(k) Savings Plan, a plan that has approximately 266,000 to 300,000 participants and more than $14 billion in assets. Suit ‘Case’ In considering the... READ MORE
We learn much from our parents – and while the lessons aren’t always explicit, and not always attended, this week readers shared a little about the source of those lessons. First, we asked about finance – and a plurality (36%) of this week’s respondents said they learned most about finance from... READ MORE
Consumers remain impacted by a stigma over annuities, but the appeal of guaranteed lifetime income products climbs sharply when framed as part of a clear retirement income strategy, new research shows.  According to the 5th annual Guaranteed Lifetime Income Study by Greenwald & Associates and... READ MORE
Transamerica announced June 13 that Steven Geisert, CPFA, C(k)P, has joined the company as Senior Manager of Business Development for retirement plans. He will report to Charmaine Hughes Lee, Director of Business Development, Workplace Solutions. Geisert will focus on managing national account... READ MORE
Retirement professionals serving 403(b) clients in the two states will be impacted by legislation slated to take effect in the Keystone State in July and the Lone Star State in September. PA School Districts Must Have Multiple 403(b) Service Providers on July 1 A law requiring school districts in... 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)…  Near Holly Hill, Florida, one Jesse Estep, 29, approached a mail carrier who was standing by her mail truck… pointed a canister of Mace at her and demanded the keys…... READ MORE
Participant trading activity among 401(k) investors edged up last month, with May seeing the highest monthly net trades so far this year.   Amid a declining month on Wall Street, the Alight Solutions 401(k) Index shows that net trades in May amounted to 0.21% of balances. Additionally, there were... READ MORE
Editor’s Note: This is the first of a three-part series focusing on ways to enhance your digital presence and be seen by more plan sponsor prospects. If you said, “Yes, I am” in answer to the question in the headlne, you’re not the only one – and your prospects are too! The majority of us log... READ MORE
One of the most compelling general sessions at the 2019 NAPA 401(k) Summit focused on a new approach that can have a dramatic impact on your bottom line. We’re talking about corporate social responsibility, or CSR – and it can not only help expand your business in new directions, you’ll find that... READ MORE
Following a contentious markup session, a key House Committee approved legislation on June 11 that would address the funding problems facing multiemployer pension plans.  The House Education & Labor Committee’s approval of an amended version of the Rehabilitation for Multiemployer Pensions Act... 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
An annual bellwether report on corporate retirement plans finds that the retirement readiness for participants in those plans is brighter due to plan design enhancements and adoption of prudent investing practices.  In fact, the usage of automatic enrollment has tripled since year-end 2007 and has... READ MORE
Registered investment advisors appear to be missing a key business opportunity by not offering health savings accounts to their clients, according to the results of a new survey. Nearly 60% of RIAs polled by HSA provider HealthSavings Administrators are not offering HSAs to their clients, and... READ MORE
A new survey finds that the use of an online retirement calculator has spurred more than half of those who did to take positive actions related to their finances. The nationwide survey of 1,000 401(k) plan participants by Schwab Retirement Plan Services found that just over half (52%) have used an... READ MORE
The nation’s highest court has just agreed to consider another ERISA case – this one involving a set of target-date fund investments – more precisely when the clock starts on the statute of limitations to file an ERISA lawsuit. It’s the second ERISA case the Supreme Court will consider this term,... READ MORE
The headline in a recent New York Times piece cautions that “Confusing Options May Be Coming to Your 401(k). It Could Cost You.”   Those “confusing options”? Retirement income. And, ironically, they might undermine support for the most significant piece of pro-retirement legislation in a decade... READ MORE
Doug Bermudez and Erin Hall have joined Strategic Retirement Partners (SRP), a national retirement plan aggregator.  Through their retirement plan consulting practice in the Los Angeles area, Bermudez and Hall work with organizations to drive overall retirement plan health with a focus on three... READ MORE
New research shows that large, top-performing RIA firms are outperforming their peers by investing in people, technology and acquisitions as part of a long-term strategic plan.  According to the data gathered for TD Ameritrade Institutional’s annual FA Insight Study of Advisory Firms, the top-tier... READ MORE
The ink is not yet dry on the SEC’s new investment advice package, but the prospects of a looming legal battle have already surfaced.  The SEC voted 3-1 on June 5 to put in place a new “best interest” standard of conduct for broker-dealers – the Regulation Best Interest – along with a new Form CRS... READ MORE

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