This issue’s topics include: DOL fiduciary rule rocks plan investment advice landscape When the final version of the U.S. Department of Labor’s fiduciary standards rule for advisors to retirement plans was issued in April, the wait for the long-anticipated regulatory…
Blog Archives
Employee Benefits Update: August/September 2016
Tagged with: 401k, Accounting, Administration, benefit, Business, Compliance, Consultants, defined benefit plan, discriminatory plans, DOL, EBRI, ERISA, fees, Fiduciary, Form 500, investment advice, lump sum, plan, reality, Retirement, retirement preparedness, Risk
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Seven Prominent Universities Sued Over 403(b) Plan Fees
The 403(b) community has become the target of retirement plan fee litigation. Lawsuits have been filed against Duke, Johns Hopkins, MIT, NYU, UPenn, Vanderbilt, and Yale on behalf of plan participants. The complaints allege that the plan sponsors failed to monitor excessive…
Tagged with: 401k, 403(b), Accounting, Administration, benchmark, benefit, Business, claim, college, committee, Compliance, DOL, Duke, ERISA, fees, Fiduciary, Funds, investment, Johns Hopkins, lawsuit, litigation, MIT, not-for-profit, NYU, oversight, plan, provider, Retirement, Risk, sponsor, sued, university, UPenn, Vanderbilt, Yale
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: June/July 2016
This issue’s topics include: DOL liberalizes views on economically targeted investments The U.S. Department of Labor (DOL) has reversed guidance it issued in 2008 with respect to retirement plans’ allocating funds to economically targeted investments (ETIs) that consider environmental, social…
Tagged with: 401k, Accounting, Administration, auditor experience, auto-enrollment, auto-escalation, benchmark, benefit, brokerage window, Business, Compliance, Consultants, deferred, DOL, ERISA, ETIs, excessive fee, fees, Fiduciary, Form 500, plan, Risk, safe harbor
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: April/May 2016
This issue’s topics include: Plan fee benchmarking Key fiduciary considerations when reviewing plan fees Are the services a plan receives reasonably priced? Knowing the answer is a vital fiduciary duty. ERISA expects more from plan fiduciaries than simply shopping around…
Tagged with: 401k, Accounting, Administration, auditor experience, benchmark, benefit, brokerage window, Business, Compliance, Consultants, deferred, DOL, ERISA, fees, Fiduciary, Form 500, Legal, nonqualified, NQDCP, plan, Risk
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: February/March 2016
This issue’s topics include: IRS eases pain for correcting certain plan administration errors What are you forgetting? Reviewing commonly overlooked fiduciary duties It may be time to offer annuity options to 401(k) plan participants Shut the door: IRS ends defined…
Tagged with: 401k, Accounting, Administration, annuity, benefit, Business, Compliance, Consultants, DOL, employee, Employer, ERISA, Fiduciary, IRS, lump sum, management, participant, payouts, plan, regulations, Retirement, retirement plan
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Estate Planning Tip: Naming Your Spouse as Trustee
When setting up a trust, your first instinct might be to name your spouse as the trustee. Just be aware that without proper planning, naming your spouse as the trustee may cause tax and administration difficulties down the road. If…
Tagged with: Administration, Beneficiaries, Estate Planning, Estate Tax, Fair Market Value, Marriage, Money, Relationship, Spouse, Tax, Trust, Trustee
Posted in Business Updates, Estate Planning
Posted in Business Updates, Estate Planning
Alan Pecora
Anthony Mangiameli
David Mandrycky
Insero & Co.
Jacquie Platt
Jennifer Ott
Kimberly Gangi
Lou Gangi
Renee Ricci
The Highest Standard 