Service Providers
Or two. Or more. New Year’s Eve heralds more than the end of 2022. It also marks a number of deadlines that a plan and professionals serving it may want to keep in mind.
Plan Design Changes
A plan generally must be amended by the end of the plan year to reflect changes an employer made during...
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Most of the attempts to affix a value to having an advisor tend to focus on investment returns or cost savings, writes Nevin E. Adams in MarketBeat. He continues that both are valid, objective measures that can have a real, substantive impact on retirement security — but, at least with the best...
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The Certified Financial Planner Board of Standards (CFP Board) has released a new guide about cryptocurrency-related assets to help CFP professionals uphold the Code of Ethics and Standards of Conduct (Code and Standards) in their practices.
While the same standards apply to cryptocurrency-related...
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The Department of Labor (DOL) on Dec. 12 reported that its Employee Benefits Security Administration (EBSA) recovered more than $1.4 billion for employee benefit plans, participants, and beneficiaries in fiscal year 2022. And that includes more than half a billion dollars that EBSA recovered for...
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A pair of excessive fee suits have been dismissed for failure to state a claim — for now.
The separate suits were brought against the fiduciaries of the plans at ThedaCare, Inc. and Prevea Clinic, Inc. In the former, participant-plaintiff Glick had argued (in August 2020) that ThedaCare, Inc. and...
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NTSA honors its 2023 Elite Advisors:
Kelly A. Larkin, CFP®; Kelly A. Larkin; Seattle, WA
Mitch Melan; Melan Financial; Atlanta, GA
Jennifer Prosise, CFP®, CRES®; Voyager Group, Ltd.; Joliet, IL
Rian A. Steinbiss, AIF®, CRES®; Clearpath Wealth Partners, LLC; Marlton, NJ
Donald E. Wade, CFP®,...
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With speculation running rampant on whether Congress will approve the SECURE Act 2.0 in the remaining days of the 117th Congress, we sat down with American Retirement Association CEO Brian Graff to get his take on what he sees happening, and what advisors and plan sponsors should be considering. ...
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The 2022 TPA Growth Summit offered a series of insights on team building, including a special session focusing on the importance of company culture, writes Nevin Adams in Marketbeat.
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T. Rowe Price's new U.S. retirement market outlook examines three broad trends the firm suggests continue to shape the retirement outlook for millions of Americans who are saving and investing for retirement.
Specifically, the firm’s 2023 retirement outlook looks at the following:
Retirement...
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Noting that “Plaintiffs fail to plausibly allege the Committee breached its ERISA-imposed fiduciary duty by charging unreasonable recordkeeping fees” — another excessive fee suit has been dismissed.
The plaintiffs here — Keith K. Kruchten, Angel D. Muratalla and William Begani — sued on behalf of...
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A U.S.-focused analysis of the 2022 Global Financial Inclusion Index, sponsored by the Principal Financial Group and conducted by the Centre for Economics and Business Research (Cebr), reveals a clear association between business size and what financial support businesses provide their employees...
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Compared to their older counterparts, younger generations are demonstrating notable shifts in attitude about work, life and saving, taking drastic measures to bring balance to their lives, a new survey finds.
While Millennials and Gen Z are attracted to more flexible ways of working, they are...
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These are bracing times for retirement savers, and two recent reports offer a window into tensions savers feel and risks plan sponsors perceive and anticipate.
Economic uncertainty can breed slower progress in saving for retirement or even regression, LIMRA suggests. Even before the current...
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Editor’s Note: This is part of the Advisor Alley series, brief, bi-weekly articles that provide a quick read about activities that other advisors, like yourself, are engaging in to serve their existing clients and prospect for new clients in this ever-changing environment in which we are all...
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Editor’s Note: This is part of the Advisor Alley series, brief, bi-weekly articles that provide a quick read about activities that other advisors, like yourself, are engaging in to serve their existing clients and prospect for new clients in this ever-changing environment in which we are all...
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The IRS has, effective immediately, expanded the individually designed retirement plan determination letter program to include certain 403(b) plans.
The IRS announced on Nov. 7 in Revenue Procedure (Rev. Proc.) 2022-40 that it will now allow 403(b) retirement plans used by certain public schools...
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Cybersecurity may feel like an unending purgatory of whack-a-mole. But an expert panel has offered some tips that can help lead one closer to the promised land of greater security.
“Cyber Cyphers: Tips, Tricks and Practice Shifts that Can Keep Your (Plan) Data Safe,” a session at an Oct. 25...
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Feeling SECURE? We’re still fairly new at implementing the first one, and here comes the second. In an Oct. 24 session of the 2022 ASPPA Annual conference, two industry experts offered a deep dive into what part two may portend — and that includes 403(b)s.
“The legislative process is a mystery,”...
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CAPTRUST Financial Advisors (CAPTRUST) has announced the addition of Patriot Pension Advisors (PPA) based in Foxborough, Massachusetts.
Founded in 2002, PPA supports sponsors of retirement plans, including 401(k), 403(b), and defined benefit plans. According to a press release, the firm oversees...
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In working on behalf of retirement plans, retirement plan participants, and those who support them, one of the constants is the importance of a bipartisan approach, American Retirement Association CEO and ASPPA Executive Director Brian Graff stressed in his opening remarks at the 2022 ASPPA Annual...
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