Practice Management
The Department of Labor (DOL) on Dec. 12 reported that its Employee Benefits Security Administration (EBSA) recovered more than $1.4 billion for employee benefit plans, participants, and beneficiaries in fiscal year 2022. And that includes more than half a billion dollars that EBSA recovered for...
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A pair of excessive fee suits have been dismissed for failure to state a claim — for now.
The separate suits were brought against the fiduciaries of the plans at ThedaCare, Inc. and Prevea Clinic, Inc. In the former, participant-plaintiff Glick had argued (in August 2020) that ThedaCare, Inc. and...
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The SPARK Institute recently updated its Industry Best Practices for Cybersecurity and released a new Plan Sponsor & Advisor Guide to Cybersecurity to accompany it.
As part of its efforts to help strengthen cybersecurity throughout the retirement industry, the organization’s Data Security...
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NTSA honors its 2023 Elite Advisors:
Kelly A. Larkin, CFP®; Kelly A. Larkin; Seattle, WA
Mitch Melan; Melan Financial; Atlanta, GA
Jennifer Prosise, CFP®, CRES®; Voyager Group, Ltd.; Joliet, IL
Rian A. Steinbiss, AIF®, CRES®; Clearpath Wealth Partners, LLC; Marlton, NJ
Donald E. Wade, CFP®,...
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With speculation running rampant on whether Congress will approve the SECURE Act 2.0 in the remaining days of the 117th Congress, we sat down with American Retirement Association CEO Brian Graff to get his take on what he sees happening, and what advisors and plan sponsors should be considering. ...
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The 2022 TPA Growth Summit offered a series of insights on team building, including a special session focusing on the importance of company culture, writes Nevin Adams in Marketbeat.
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Noting that “Plaintiffs fail to plausibly allege the Committee breached its ERISA-imposed fiduciary duty by charging unreasonable recordkeeping fees” — another excessive fee suit has been dismissed.
The plaintiffs here — Keith K. Kruchten, Angel D. Muratalla and William Begani — sued on behalf of...
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Litigator Jerry Schlichter has been sued…for a breach of fiduciary duty.
According to a report in the St. Louis Post-Dispatch, Schlichter (and his firm) has been sued by partner Roger Denton—the third name in St. Louis law firm Schlichter, Bogard and Denton—alleging he’s been cheated out of at...
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The NTSA Advisor will not be appearing on Thursday, Nov. 24 as our offices will be closed in observance of Thanksgiving. The NTSA Advisor will return on Tuesday, Nov. 29. We wish you a Happy Thanksgiving!
The famed first Thanksgiving took place a mere 401 years ago. So what was it really like? ...
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While it’s the celebration following a successful harvest held by the Pilgrims and members of the Wampanoag tribe in 1621 that provides most of the imagery around the holiday, Thanksgiving didn’t become a national observance until much later.
Incredibly, it wasn’t marked as a national observance...
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While the broad scope of workplace benefits continues to evolve, findings from a new consumer research survey reveal that an employer-sponsored retirement plan is just as important for employee retention as a competitive salary and flexible work arrangements.
Specifically, the research from Voya...
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The Department of Labor’s Employee Benefits Security Administration (EBSA) on Nov. 18 proposed updates to the voluntary fiduciary correction program (VFCP), including a provision long-promoted by the American Retirement Association that should help plan sponsors and providers — more specifically,...
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Whether you are a school business official or a human resources employee of a nonprofit organization, chances are that you are juggling so many responsibilities that your time is at a premium. Knowing deadlines for amending your employer’s 403(b) plan document helps keeps that plan compliant. ...
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Compared to their older counterparts, younger generations are demonstrating notable shifts in attitude about work, life and saving, taking drastic measures to bring balance to their lives, a new survey finds.
While Millennials and Gen Z are attracted to more flexible ways of working, they are...
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These are bracing times for retirement savers, and two recent reports offer a window into tensions savers feel and risks plan sponsors perceive and anticipate.
Economic uncertainty can breed slower progress in saving for retirement or even regression, LIMRA suggests. Even before the current...
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Editor’s Note: This is part of the Advisor Alley series, brief, bi-weekly articles that provide a quick read about activities that other advisors, like yourself, are engaging in to serve their existing clients and prospect for new clients in this ever-changing environment in which we are all...
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Both the House and Senate are scheduled to return this week for a lame-duck session, but the dust hasn’t settled yet on the elections and time is running short, including whether the SECURE Act 2.0 will cross the finish line.
Here’s where things stand and what is known so far.
In late...
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Editor’s Note: This is part of the Advisor Alley series, brief, bi-weekly articles that provide a quick read about activities that other advisors, like yourself, are engaging in to serve their existing clients and prospect for new clients in this ever-changing environment in which we are all...
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Cybersecurity may feel like an unending purgatory of whack-a-mole. But an expert panel has offered some tips that can help lead one closer to the promised land of greater security.
“Cyber Cyphers: Tips, Tricks and Practice Shifts that Can Keep Your (Plan) Data Safe,” a session at an Oct. 25...
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The parties in another excessive fee suit have come to terms six months after getting the green light to go to trial.
In the U.S. District Court for the Eastern District of Wisconsin the parties noted that on Sept. 13, 2022, they “…mediated before private mediator Bob Meyer of JAMS, and reached a...
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