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Plan fiduciaries have asked the nation’s highest court to weigh in on when ERISA’s three-year statute of limitations begins – and if disclosure alone is enough to start that clock.  In asking the U.S. Supreme Court to take up the case, plan fiduciaries at Intel said the question presented was “... READ MORE
The Silver State managed to overlook the long history of ERISA preemption in its recent draft fiduciary regulations. Once again, the American Retirement Association has brought this to their attention. The comments came in response to draft regulations issue in mid-January by Nevada’s Office of... READ MORE
An employer’s HR committee invited a top hat group member who this year will attain age 65, the plan’s normal retirement age, to participate in the plan. In Tech Talk, Susan Diehl tells us if she can make a special catch up contribution. READ MORE
Recent research shows that retirement plan participants are among those who prefer communication that is not riddled with jargon and “inside” terms that are familiar to plan providers, sponsors and administrators but mean little to those whom the plans serve. In MarketBeat, John Iekel discusses a... READ MORE
Despite political affiliation, large majorities of Americans believe the nation faces a retirement crisis and are largely supportive of state efforts to expand coverage, new survey results show. Findings contained in the National Institute on Retirement Security’s “Retirement Insecurity 2019:... READ MORE
Looking to expand your client base? Then you better be familiar with the unique mindset and preferences of Millennials as a generation ripe for guidance and engagement, says a new report.  Coming of age in the wake of 9/11, the 2008 market crash and the Great Recession, Millennials’ financial... READ MORE
Recently, I was walking some clients to the door and as they were walking away I overheard something special. The woman remarked to her husband, “I always feel better coming in here.” I’ve long wondered what exactly it is that I do during meetings that makes people want to remain clients. I feel... READ MORE
Another settlement has been announced in the series of university 403(b) plan excessive fee suits. The latest settlement (Cassell v. Vanderbilt Univ., M.D. Tenn., No. 3:16-cv-02086, status report 2/25/19) involved Vanderbilt University, where fiduciaries of Vanderbilt’s $3.4 billion (as of 2014)... READ MORE
The IRS is seeking comments on collection of information necessary for automatic enrollment in 403(b) plans under Revenue Ruling 2000-35. The IRS made the announcement on Feb. 26. Revenue Ruling 2000-35 describes certain criteria that must be met before an employee’s compensation can be reduced... READ MORE
IRAs have existed for 45 years – middle-aged in human terms. But that doesn’t translate to understanding, according to recent research that says Americans’ confidence in their knowledge of IRAs is low. In fact, just over a third of those studied by the LIMRA Secure Retirement Institute said they... READ MORE
The IRS has updated the information available on its website concerning automatic enrollment. The site provides basic information regarding an employer’s obligations if it decides to offer automatic enrollment and deferrals. It also discusses automatic contribution arrangements, eligible automatic... READ MORE
All that stands between a bill establishing the New Jersey Secure Choice Savings Program and its becoming law is the signature of New Jersey Gov. Phil Murphy (D). The state Assembly passed the bill, which calls for the establishment of a state-run retirement savings plan for private-sector... READ MORE
In order to serve a client effectively — and fulfill fiduciary duties, BTW — a fiduciary of course must know their client. And one also must pursue the client’s best interest. But it’s possible that those goals may not always be congruent; in fact, they may even be mutually exclusive. In MarketBeat... READ MORE
Can a church that does not have a 501(c)3 letter from the IRS set up a 403(b)? In Tech Talk, Susan Diehl tells us. READ MORE
NTSA Executive Director Brent Neese clearly outlined industry trends in a statistics-packed session at the recent NTSA 30th Anniversary Summit and discussed how they will affect us. Neese recapped results from the NTSA’s 2018 Public Education Retirement Security Survey, and related how important... READ MORE
The seeds have been sown for a retirement income crisis, says a former U.S. Senator, and the time to act is now. “We face a looming retirement crisis that will impact millions of elderly and soon-to-be elderly Americans, as well as our children and grandchildren who will have to bail out those... READ MORE
The IRS has updated its frequently asked questions (FAQs) page for employers adopting pre-approved retirement plans. Among the recent additions to the FAQs is a reminder that April 30, 2020, is the deadline to adopt a pre-approved defined benefit plan restated for items on the 2012 Cumulative List... READ MORE
The Oregon Treasury on Feb. 16 filed a notice of proposed rulemaking, including a statement of need and fiscal impact, for a rule that would amend OregonSaves to allow a presumption of employer exemption.  The proposed amendments would:  Allow OregonSaves officials to use the federal Form 5500 to... READ MORE
The average lifespan now is much longer than it was for previous generations. That’s good news! But that half-full glass has effects beyond the obvious. Among them: posing challenges and complications for retirement accounts and planning, which a recent analysis examines.  In “How Life Expectancy... READ MORE
Two key members of Congress are interested in learning more about potential threats cyberattacks pose to the U.S. retirement system and what industry stakeholders are doing to address them. In a Feb. 12 letter to the U.S. Government Accountability Office (GAO), Sen. Patty Murray (D-WA), ranking... READ MORE