Service Providers
Here are the most important approaches I have taken in response to the COVID-19 pandemic.
1) We immediately reached out to every client personally. This required three of us to send about 10 emails per day (30 per day) to our top clients requesting a phone call or Zoom meeting. This was done in...
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In Segment I of the 22nd Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2018 NTSA Past President Tamara Indianer. They discuss her background, running a regional office and her personal practice.
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Recent DOL guidance on missing participants seems to fall short of what plan fiduciaries want/need—but may offer fiduciaries some key insights to avoid future problems.
On Jan. 12, 2021, the Department of Labor (DOL) released a triple dose of guidance related to helping retirement plan fiduciaries...
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In Segment III of the 21st Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2003 NTSA Past President Mike Pollakowski, founder of Reliant Financial Services. They discuss what the NTSA means to him and how it has helped his career.
In Segment II, NTSA Past President...
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The U.S. Department of Labor’s Employee Benefits Security Administration has provided some guidance related to locating and distributing benefits to “missing or nonresponsive participants.”
According to Principal Deputy Assistant Secretary of Labor for the Employee Benefits Security Administration...
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The IRS has updated the procedures for determination letter requests. The new procedures are outlined in Revenue Procedure (Rev. Proc.) 2021-04.
Rev. Proc. 2021-04 is a general update of Rev. Proc. 2020-4, https://www.irs.gov/irb/2020-01_IRB#REV-PROC-2020-4 which sets forth:
general information...
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COVID-19 has been an accelerator for our business regarding adaptation, initiative and creativity.
During the shortage of masks, we were able to acquire a large supply of cloth face coverings. We made these available to our employees for their use and for passing on to clients and family. We also...
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The election of the two Georgia Senate Democratic candidates—and the resulting shift in control of the U.S. Senate—could have profound implications for President-elect Joe Biden’s policy agenda—including retirement plans.
The election of Democrats Raphael Warnock and Jon Ossoff brings the party...
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PCS Retirement, LLC has announced the acquisition of Alliance Benefit Group–Rocky Mountain (ABGRM).
PCS Retirement partners with financial advisors and TPAs to provide recordkeeping services to more than 19,000 plans with 850,000 eligible participants representing over $26 billion in assets under...
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SageView Advisory Group has announced a strategic investment from Aquiline Capital Partners, which also owns Ascensus.
According to a press release, Randy Long, SageView’s Founder and Managing Principal, and Jon Upham, Principal, will retain a significant equity stake and continue to lead the...
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In MarketBeat, John Iekel writes about the insights of Maggie Younis, National Director, Consultant Relations at Lincoln Financial Group, and S. Derrin Watson, APM, an attorney who is of counsel with the Ferenczy Benefits Law Center, on the challenge missing participants pose, and what can—and must...
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Greetings and Happy New Year NTSA members, strategic partners and sponsors! I hope your holidays were filled with family, friends, joy and well-earned rest.
As we turn the page on the calendar, new challenges and opportunities await us in 2021. Just like 2020, continuing to thoughtfully and...
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At the end of every year, and as we approach a new one, it’s natural to look back at experiences and lessons learned—and to ponder ways to apply them productively going forward. Here’s some thoughts from 2020 that I hope will help you do just that.
3 Retirement Income Impacts That Can Impact...
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In Segment I of the 21st Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews 2003 NTSA Past President Mike Pollakowski, founder of Reliant Financial Services. They discuss Pollakowski’s background and business model.
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COVID forced us to take a lot of actions and change our method of doing business; however, we have had over five years of preparation as events such as modest snowstorms close schools and wreak havoc from time to time. As our company began to grow five years ago, we realized we needed to make...
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A common remitter is a type of third party administrator service that:
Captures data from the employer’s payroll;
Compares the amounts remitted with expected employee contributions;
Compiles and reconciles exceptions with the payroll department;
Identifies employees eligible for “catch-up...
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In Segment II of the 24th Series of the NTSA WOWcasts, NTSA Past President Randy Aranowitz interviews American Retirement Association CEO Brian Graff. They discuss retirement policy and the future landscape of the ARA and the NTSA.
In Segment I of the 24th Series of the NTSA WOWcasts, NTSA Past...
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On Oct. 27, 28 and 29, the Certified Retirement Education Specialist (CRES) Committee held an inaugural series of roundtables on the different challenges arising for the K-12 403(b) marketplace and school community. They examined how successful advisors get their brands out there while access to...
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The NTSA Leadership Council and the NTSA 2021 Ford Volunteer Service Award Judging Committee are proud to announce the 2021 Awardees of the Richard Ford Volunteer Service Award.
Congratulations to:
Tamara Indianer, CFP®, AIF®, CRES, Regional Vice President, New England Lincoln Investment,...
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There’s been increasing awareness—and litigation—regarding cyber security and participant accounts—and the Labor Department has taken notice.
Sources tell us that plan audits are now asking to see employers’ written cybersecurity policies and procedures—and asking about cybersecurity attacks, and...
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