Service Providers

There’s good news in a recent report on retirement saving and consumer attitudes toward it. But at the same time, it also provides fresh proof of changes in the retirement sphere as well as challenges to be faced.Two reports by LIMRA, “For-Profit Sector Employees: 2016 Consumer Survey Update” and “... READ MORE

One could hardly read the headlines this past week without experiencing a certain sense of déjà vu. After all, it’s been not quite 10 years since the then relatively obscure St. Louis-based law firm of Schlichter, Bogard & Denton launched about a dozen of what have come to be referred to as “... READ MORE

You wanted that piece of cake. It looked delicious. But when you took a bite, the flavor was not entirely what you expected. That, according to a recent report, is the experience of some who have availed themselves of adjustments the Department of Labor has made to its final fiduciary rule — they... READ MORE

Plan sponsors are often reluctant to take big steps in making plan changes — but a new participant survey finds that workers would welcome more aggressive defaults.According to a national survey conducted by American Century Investments: Eight out of 10 employees want at least a “slight nudge” from... READ MORE

Earlier this year I wrote a post about ERISA litigation going “off the rails.” Alas, it feels like we've gone from bad to worse since then. In the past week, a whole new round of lawsuits involving academic institution 403(b) plans has hit the news. Despite the “newness” of the targets (large... READ MORE

Running and providing for teachers’ retirement plans is a matter of facts and figures, argues a scholar at the American Enterprise Institute (AEI).In “Teacher Pensions Have a Math Problem” AEI Adjunct Fellow in Education Policy Studies Michael Q. McShane expresses wonder that teacher pensions are... READ MORE

“May you live in interesting times” is sometimes used as a curse, or at least a wish that the future be less than stellar for whomever it is directed toward. Some consider these interesting times for advisors, as new regulations and measures arise that affect them and what they do. Michael Kitces,... READ MORE

The IRS recently issued proposed 457 regulations, which generally apply to compensation deferred under a 457(b) plan for calendar years beginning after the date that the final regulations are published. In MarketBeat, Linda Segal Blinn tells us what this means for sponsors of a 457(b) plan. READ MORE

The IRS has updated the information it provides concerning making voluntary corrections when a plan has failed to make required minimum distributions (RMDs) to participants and beneficiaries.Specifically, the IRS has updated the information concerning two of the programs it offers under the... READ MORE