News Archive

Plan sponsors have moved quickly to incorporate new, more liberal hardship withdrawal provisions, but that have not seen an increase in the number of participants taking advantage of them, says a new survey by the Plan Sponsor Council of America.  The Bipartisan Budget Act of 2018 included a... READ MORE

Treasury Secretary Steven Mnuchin and key Republican lawmakers added their voices to growing concerns over the effect a potential financial transaction tax (FTT) would have on retirement savings and the U.S. economy.   In a Dec. 5 hearing before the House Financial Services Committee to review... READ MORE

For 403(b) plans covered by ERISA, the Department of Labor (DOL) has outlined the following timelines for fee disclosures: any changes to the initial disclosure no later than 60 days of when the covered service provider was informed of the change, and investment changes at least annually. In... READ MORE

I am the Managing Director of Signature Wealth Concepts, and I served as the Senior Vice President of the Southwest Branch of AXA Advisors for four years before founding my firm. For the past 18 years, I have worked with clients in the K-12 space; and I was able to build a team of advisors who... READ MORE

  Cyber crime, and cyber security, obviously are a concern for plans. But that means more than making sure plan records and accounts are not targets and victims — it also includes other functions, structures and systems. Experts at the recent SPARK Forum held in Palm Beach, FL offered insights... READ MORE

Secretary of the Commonwealth William F. Galvin, Massachusetts’ chief securities regulator, has signed off on new regulations that would impose a uniform fiduciary conduct standard in that state. A hearing on the proposed regulations, which were filed with Galvin’s Publications & Regulations... READ MORE

Tech Talk addresses when a distribution can be made from a 403(b) account. READ MORE

An influential U.S. Senator is preparing legislation that would allow tax- and penalty-free withdrawals to pay for long-term care insurance.  Sen. Pat Toomey (R-PA), who is a member of the Senate Finance Committee, is working on a bill that would allow individuals to withdraw funds from their 403(... READ MORE

In MarketBeat, Nevin Adams writes that for years, recordkeeping services have been characterized (some might say disparaged) as a “commodity,” while fee compression continues to fuel consolidation in that industry.  READ MORE