Practice Management
Tech Talk discusses the various types of fees plan service providers charge for different services.
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The pandemic years apparently ushered in a workforce cultural shift among younger workers who have set their sights on working hard now in order to retire at an earlier age.
In a study of 3,000 working Americans, experience management firm Qualtrics found that more than a third (35%) of workers...
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This is the time of year when resolutions for the cessation of bad behaviors and the beginning of better ones are in vogue. Here are five for plan fiduciaries for 2023.
Develop a plan budget.
Most financially-focused New Year’s Resolutions focus on spending (less) or saving (more)—and the really...
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For many years now, Congress has tried to make it easier for small businesses to offer a retirement plan, but there still has been little movement in closing the coverage gap.
With enactment of the SECURE 2.0 Act and one of its main goals to help make it easier for small businesses to offer a...
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It’s ironic that programs designed to provide retirement income pay so little attention to the realization of that objective, writes Nevin E. Adams, JD in MarketBeat. Still, he continues, some have said that this could be the year for retirement income — a combination of new offerings, volatile...
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The outlook for RIA M&A activity apparently has shifted dramatically from a year ago, according to a new report.
DeVoe & Company’s fifth annual M&A Outlook Report finds that expectations for M&A activity and valuations are the lowest in the survey’s history, as economic and...
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While Americans worried most about the impact of the COVID-19 pandemic earlier this year, they now see rising inflation as the biggest risk to their retirement plans.
According to Allianz Life’s annual New Year’s Resolutions Study, nearly half (48%) of respondents identified the pandemic as the...
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There was plenty of activity in 2022 affecting plans, participants, employers, and service providers, and NTSA Net was there. But the year that was also provided copious reminders that content that provides nuts-and-bolts information is critically important.
The top 10 posts on NTSA Net in 2022...
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There are 92 provisions in the new SECURE 2.0 Act — and by at least one assessment, they are “almost universally good, with ‘good’ being defined as ‘helpful to the cause of promoting retirement security.’” Group Plan Systems’ Pete Swisher and Cherisha Chapman rank the Top 10 Impact Provisions — and...
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Actuaries and mathematicians will tell us that the “actuarial cost” of any annuity you may purchase is effectively the same, no matter what sort of annuity you purchase, writes Robert Toth in MarketBeat. After all, he continues, your life expectancy is what it is; the interest rates are what they...
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Amid the ongoing war for talent, recruiting new staff has for the first time ranked as the top strategic priority for registered investment advisor firms, ahead of acquiring new clients through client referrals.
This is according to Schwab’s newly released 2022 RIA Compensation Report — which is...
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Since the Pension Protection Act (PPA) was passed in 2006, automatic enrollment in plans including 403(b) and governmental 457(b) has been an issue of consideration for plan sponsors. A number of states have also passed legislation permitting automatic enrollment and automatic escalation, some in...
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“You better watch out, you better not cry, you better not pout…”
Those are, of course, the opening lyrics to that holiday classic, “Santa Claus is Coming to Town.” And while the tune is jaunty enough, the message — that there’s some kind of elfin “eye in the sky” keeping tabs on us has always...
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Why might a small employer not have a retirement plan in place? In MarketBeat, John Iekel writes about the insights a retirement services professional offers regarding what obstacles give small employers pause and how they may address those concerns.
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A participant suit targeting TIAA for its loan practices in retirement plans has come up short in identifying a potential class on whose behalf to bring suit.
The suit—filed back in early 2017 (Haley v. Teachers Inv. & Annuity Assoc., S.D.N.Y., No. 1:17-cv-00855, complaint filed 2/3/17)—was...
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People can understand simple things with ease, so “simple” is a great place to start when explaining new concepts to others. Focusing on simple concepts gives people a foundation where they can make connections and later build on those new ideas. But even seemingly simple ideas, like so many things...
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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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A new survey finds that, while most small and midsized U.S. businesses and their employees believe a recession is likely in 2023, most business owners continue to invest in their employees, electing to avoid salary or benefit reductions.
Instead, businesses are choosing to reduce other operating...
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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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