Client Services
Yes, the holidays are upon us — but there’s no time like the present to get a head start on 2018!The NTSA Summit is where leaders and innovators come together to make a difference for their clients, the industry, and themselves. It is the only national gathering of professionals in the 403(b) and...
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On Nov. 1, the House GOP is expected to release its tax reform proposal, and it’s expected to include a number of significant changes for retirement plans.
Find out what you need to know — and how to prepare — for the changes that could be coming down the road at the newly redesigned NTSA Summit...
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It’s said that reasonable minds can differ — and that turns out to be the case in another university 401(k) suit.
The plaintiffs in this case are five employees of Massachusetts Institute of Technology (MIT) and participants in the MIT Supplemental 401(k) Plan. The suit — filed a little more than...
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During challenging economic times, some plan participants turned to plan loans to meet financial needs that they could not otherwise meet. That can create difficulties down the road for participants, but immediate complications for plan administrators.
A recent blog entry identifies three errors...
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Hurricanes, epic floods, wildfires… we seem to be awash in natural disasters. They pose many dangers and risks, including the threat they can pose to a retirement plan — and, ultimately, its participants and their dependents.There are steps that plans, employers, service providers and...
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Cybersecurity is a special concern for the financial industry, a lawyer who handles cybersecurity cases said recently. MarketBeat discusses how its importance goes well beyond the integrity of clients’ and plan participants’ sensitive information — it pervades inter-corporate business functions as...
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The Sunshine Act has been around longer than all the Millennials. And fee disclosure has been required for years. And still, with all that — not to mention the advent of electronic means of research and communication — the head of a consultant firm in a series of blog entries warns employers and...
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Nevada’s new law that imposes a fiduciary duty on broker-dealers, sales representatives and investment advisers is now in effect; it also authorizes rules on fiduciary duty.SB 383, which Gov. Brian Sandoval (R) signed into law June 2, went into effect on July 1. The measure not only concerns duties...
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The responses in the private sector to the risks that cybercrime poses to retirement plans, service providers and participants are as varied as its myriad components. But while one may expect that there would be a more uniform response from the public sector to protect its plans and participants, a...
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The American Retirement Association on June 20 filed a comment letter with recommendations on items to be included in the 2017-2018 IRS guidance plan. The letter was in response to IRS Notice 2017-28.While it believes that every item in the plan could provide “clarity and guidance to sponsors of...
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The Department of Labor recently issued a set of FAQs on the fiduciary rule. In MarketBeat, we discuss a blog post by Fred Reish in which he points out that one of those FAQs “raises some significant issues” for broker-dealers and RIAs.
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The DOL fiduciary rule — at least significant parts of it — has now been implemented. The dust has just begun to settle, although it could be stirred up again at any time. But for now, the rule is in place. A recent analysis offers an assessment of where things stand.In a recent Forbes post, “New...
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It’s heeeeere. But for many practitioners, practices and firms that read the tea leaves, the Department of Labor’s fiduciary rule has been a reality for a while and already has shaped what they do and how they do it.In “Retirement Plan Advisors — Managing Productivity and Risk,” a June 1 session of...
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The House of Representatives approved broad-based financial overhaul legislation on June 8 that seeks to repeal major provisions of the Dodd-Frank Act, as well as the Department of Labor’s now-effective fiduciary rule.Congressional Republicans have taken aim at repealing the Dodd-Frank Act since it...
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The DOL delayed the fiduciary rule 60 days from April 10, 2017 to June 9, 2017. In MarketBeat, Kimberly Flett writes that although this postponement is in effect, plan sponsors, retirement plan investors and advisers should be aware of the important components of this rule and prepare for the...
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Bipartisan, bicameral legislation that would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement has been reintroduced on Capitol Hill.The legislation, The Lifetime Income Disclosure Act (S.868), was introduced in the Senate...
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What happens if a retired pastor dies before his required minimum distribution is taken for that year? In Tech Talk, Sue Diehl tells us, and also lets us know if the RMD will remain eligible to be deemed a housing allowance since it will be withdrawn post-death?
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Plan fiduciaries largely lost their attempt to dismiss charges filed by plan participants in an excessive fee suit brought by the St. Louis-based law firm of Schlichter, Bogard & Denton.The lawsuit, filed in late 2015 in the Southern District of Indiana, alleged that fiduciaries of the $5.1...
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Your client has already filed his 2016 income tax return and has now decided to make a deductible IRA contribution for 2016. In Tech Talk, Ellie Lowder tells us what that client needs to do, and when.
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Not all of the reaction to the Department of Labor’s (DOL) fiduciary rule has been negative, or even grudging, acceptance. Every class had at least one kid who not only did their homework but also turned it in before the deadline — and it turns out that proclivity is alive and well in the boardroom...
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