Practice Management
My wife Conni and I have lurked in the netherworld of retirement plan administration for decades now, working on those things nobody ever sees. One of the ways we explain what we do to friends and family is with a story about their own 401(k) and 403(b) plans. What we tell them is that when they go...
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When hiring a new employee, one of the initial tasks given to that employee is completing various beneficiary forms for the company’s benefit plans. Most people will fill it out and not think about that initial election ever again. Some employees may not fill one out at all. So, why is it a big...
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Noting that “converting subpar allegations into settlements has proven a lucrative endeavor—mostly for the lawyers bringing these lawsuits,” the U.S. Chamber of Commerce has weighed in on the surge in retirement plan fee litigation.
That was just one of the ways the Chamber (and its legal counsel...
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The NTSA traditionally offers access to a recording of a webcast (including both audio and visual portions of the presentation) approximately one week following the original live webcast presentation. These recordings are available for 1 year after the date of the original live webcast. Below is a...
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Another multibillion-dollar plan—this one a faith-based, not-for-profit health care organization and clinical care network—finds itself in the crosshairs of a Capozzi Adler lawsuit.
Plaintiffs Lawanda Holmes, Ani M. Miller and Brittany E. Roxbury (“by and through their attorneys”) filed suit...
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It goes without saying that fiduciary duties must be fulfilled. In MarketBeat, John Iekel writes about an industry expert’s warnings that there are fiduciary duties often are overlooked.
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One of the many consequences of the global pandemic is that there is a spotlight shining on the importance of virtual security. And that includes sharing personal protected information (PPI), argues a CPA firm.
In the pre-COVID world, says Cassell Plan Audits in its blog, many companies had...
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Women have an important voice on economic issues, and an upcoming complimentary virtual gathering will discuss that and more.
On Thursday, Aug. 19, Rachel Pearson—founder of Engage, a bipartisan organization focused on expanding economic opportunity for American women—will speak on how to get...
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Tech Talk offers a look at the basics of what plans are offered by whom and what their features are.
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The risks entailed in fiduciary duty gave rise to fiduciary insurance. But what affects the premiums charged for that insurance? A recent report gives an inside look at what fiduciary insurers think about that.
In “What Drives Fiduciary Liability?” Aon reports on what 12 fiduciary insurance...
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The Senate wrapped up its work for the summer Aug. 10, approving a $1.2 trillion infrastructure bill that extends pension smoothing relief for single-employer plan sponsors, as well as a $3.5 trillion budget outline that sets the stage for a broader tax and spending bill later this fall.
The...
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Tech Talk addresses some steps and approaches that can be taken toward and with vendors in order to improve cybersecurity.
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Plan committees serve an important role, helping plan sponsors provide benefits, as well as protecting the plan and plan sponsor. In MarketBeat, John Iekel discusses a recent blog entry that offers tips on how a plan committee can best perform its duties.
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My wife and I recently celebrated our wedding anniversary—it was a “big” one, one of those that almost takes your breath away thinking about how rich your life together has been.
If someone had asked on my wedding day if I thought I’d still be alive and married this many years hence, I’m sure that...
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We all know what rising prices mean for the pocketbook and balances now, but what do they portend for retirement plans and saving? In MarketBeat, John Iekel writes about Chris Carosa’s discussion of what a plan sponsor can do within to help plan participants incorporate inflation into their...
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While it may come as no surprise, new survey results show that auto-enrollment has been an important tool to help young savers get on the right track to saving for retirement early in their careers.
According to the latest quarterly Principal Retirement Security Survey, 84% of workers who were...
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Tech Talk addresses considerations concerning the fees a practice charges that go beyond simply their level.
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An investment committee can be helpful in making sure a retirement plan’s funds are invested wisely. In MarketBeat, John Iekel discusses an industry expert’s suggestions regarding best practices concerning investment committees.
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While Hughes involves 403(b) plans, the issues in it are effectively identical to those in the 401(k) fee litigation that has plagued our industry for nearly two decades.
On July 2, 2021, the Supreme Court agreed to review Seventh Circuit’s decision affirming dismissal of plaintiffs’ case for...
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Brian Graff, CEO of the American Retirement Association, is set to appear next week before Congress to advocate for the retirement policy priorities of the ARA.
The hearing, entitled “Building on Bipartisan Retirement Legislation: How Can Congress Help?,” is scheduled for Wednesday, July 28, at 10...
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