Practice Management
The education sector of the retirement plan market is in a period of marked transformation, and an expert panel in a June 28 session of the 2021 NTSA Summit offered their insights on these trends and what they mean.
David Lewis, Executive Director of the Association of School Business Officials (...
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There is plenty of activity on Capitol Hill, but it comes amid a climate that creates challenges for the retirement industry, noted American Retirement Association CEO Brian Graff in a June 29 general session of the NTSA Summit.
The environment now is very different, remarked Graff. There is a...
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A plan sponsor asserts that an audio recording of a claims inquiry was made for quality assurance purposes and was not part of the administrative record, but the Department of Labor has a different opinion.
Addressing the question of whether a plan sponsor is required to produce an audio...
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The who, what, when and how many of retirement plan committees, as well as some best practices.
It’s been said that a committee is a group that keeps minutes and loses hours, but advisors know they are an essential element in assuring prudent retirement plan operation and administration. In...
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Have you registered for the NTSA Virtual Summit? If not, this week is your last chance! This year’s sessions will include:
The state of the retirement markets — hosted by Mr. 403(b)!
Using retirement funds to pay for living expenses during hardship.
How to attract, motivate, and retain...
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Tech Talk addresses what one should discuss with a participant regarding the contribution level for a retirement account.
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In a recent webinar, an industry expert offered some insights on cybersecurity in light of the Department of Labor’s (DOL) recent guidance on cybersecurity.
Speaker Mark Strosahl, Business Information Security Officer at Principal Financial, set the table by noting that Infosecurity Magazine has...
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The ROI for financial wellness has always been elusive—but a new survey suggests that it might not matter.
Asked “Why are you creating or expanding your financial wellbeing program?”, respondents to Alight’s 17th edition of Hot Topics in Retirement & Financial Wellbeing said that not only was...
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In a recent Plan Sponsor Council of America (PSCA) webcast, industry experts offered ways to approach employees concerning HSAs and strategies that can help in improving how effective they are in helping them meet their current and future needs.
Panelists in the June 10 webinar “HSA Thought...
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Tech Talk discusses some terms that the Department of Labor suggests including in a contract with a cybersecurity service provider.
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Not long ago at all, virtual meetings were an option but not the rule. But throw in a pandemic, and suddenly they are a staple. So what are the fundamentals of making them worthwhile?
“Having effective virtual meetings is now more important than ever before,” writes Edward Dressel in the...
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The Department of Labor’s (DOL) newly released Spring 2021 regulatory agenda confirms that a fiduciary rule rewrite is in the works and provides other key insight for the department’s regulatory plans for the coming months.
Fiduciary Rule Recast
The 10-year saga of the fiduciary rule will...
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In a recent webinar, Kelsey Mayo, ASEA Director of Regulatory Policy and Partner at Poyner & Spruill LLP, took a look at the basics about plan freezes and terminations in the context of current circumstances and regulations. The discussion included terminating a DC plan.
A DC plan can be...
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If there were ever a meeting that couldn’t (or at least shouldn’t) be replaced with an email, it’s that of a retirement plan committee. A new survey by the Plan Sponsor Council of America uncovers some key consistencies in structure and approach.
Retirement plan committees, entrusted with a wide...
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One of the most active ERISA litigation firms has now turned its attention to a mammoth 403(b) plan.
The suit (Garnick v. Wake Forest Univ. Baptist Med. Ctr., M.D.N.C., No. 1:21-cv-00454, complaint 6/4/21) was filed in the in the U.S. District Court for the Middle District of North Carolina by...
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The ROI for financial wellness has always been elusive—but a new survey suggests that it might not matter.
Asked “Why are you creating or expanding your financial wellbeing program?”, respondents to Alight’s 17th edition of Hot Topics in Retirement & Financial Wellbeing said that not only was...
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The Securing a Strong Retirement Act (SSRA)—a.k.a. SECURE 2.0—is wending its way through Capitol Hill. The measure contains a wide range of provisions that would affect retirement saving, plans and participants. A recent Plan Sponsor Council of America (PSCA) webinar zeroed in on some key...
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Editor’s Note: This is the fourth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here.
The Department of Labor’s Employee Benefits Security...
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Benchmarking investment fees is an important function. In fact, it’s more than that—it’s critical to fulfilling fiduciary duty. But “essential” does not translate to “easy,” and there are some common pitfalls in performing that function.
In the CAPTRUST blog entry “Understanding and Evaluating...
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At the recent Plan Sponsor Council of America National Conference, Erin Lowry, author of the Broke Millennial book series, offered insights on better communication with younger workers.
At the outset, Lowry took pains to distinguish the tensions that currently exist between Millennials and the...
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