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: 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
Employee Benefits Update: Year End 2015
This issue’s topics include: Determination letter limbo: IRS makes changes to determination letter program Tibble case puts focus on fiduciaries’ ongoing duties Give employees more bang for their buck: How to use default deferral rates and auto-escalation clauses Is a customized TDF…
Tagged with: 401k, Accounting, auto-escalation, benefit, Business, Compliance, Consultants, customize, default deferral rate, determination letter, DOL, employee, Employer, ERISA, Fiduciary, IRS, management, participant, plan, regulations, Retirement, retirement plan, rollover, TDF, Tibble
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: October/November 2015
This issue’s topics include: Be careful what you toss: Plan record retention requirements Year end notices: Staying on top of the requirements Survey says…Poll highlights what participants think they know When electronic disclosure isn’t enough under ERISA Click Here to Download…
Tagged with: 401k, Accounting, beneficiary, benefit, Business, Compliance, Consultants, DOL, employee, Employer, ERISA, Fiduciary, Insurance, insured, Liability, management, Money, notices, participant, plan, plan document, problems, Record, regulations, retention, Retirement, retirement plan, rollover, Survey, Year End
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: August/September 2015
This issue’s topics include: 401(k) rollovers: How rollovers to your plan can benefit everyone DOL reproposes ERISA fiduciary investment advice regulations Are you insured? Fiduciary liability insurance can help when problems arise Court finds that plan document trumps beneficiary designation…
Tagged with: 401k, Accounting, beneficiary, benefit, Business, Compliance, Consultants, DOL, employee, Employer, ERISA, Fiduciary, Insurance, insured, Liability, management, Money, plan, plan document, problems, regulations, Retirement, retirement plan, rollover
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: June/July 2015
In this issue we review questions plan sponsors should ask when reviewing data security with service providers. In addition, we briefly highlight changes made by the Pension Benefit Guaranty Corporation (PBGC) affecting defined-benefit pension sponsors in 2015, including changes to…
Tagged with: 401k, 403(b), annuities, Audit, auditor, committee, data security, defined benefit, defined contribution, EBP, employee benefit plans, expert, Payment, PBGC, plan, rate, Retirement
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: April/May 2015
In this issue we highlight the importance of reviewing your plan operations and key fiduciary tasks. We summarize plan loan requirements that all plan fiduciaries should know, and take a look at some common questions regarding plan audits. We also…
Tagged with: 401k, 403(b), 5500, Accounting, attorney-client privilege, Audit, Business, Consultants, DOL, employee benefit plan auditors, ERISA, expert, Fiduciary, guidance, IRS, loans, management, operations, plan, regulations, Retirement, retirement plan, review
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: February/March 2015
This issue’s topics include: Navigating ERISA’s comprehensive plan document disclosure rules IRS checklist offers a convenient compliance self-checkup Who are functional fiduciaries? Appeals court holds service provider not a plan fiduciary 2014 vs. 2015 retirement plan limits Click Here to Download…
Tagged with: 401k, Accounting, Business, Consultants, DOL, ERISA, Fiduciary, functional fiduciary, IRS, limits, management, Money, plan, regulations, Retirement, retirement plan, Roth
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Employee Benefits Update: Year End 2014
This issue’s topics include: What you need to know about ADP/ACP discrimination testing Are you offering a Roth 401(k) plan option yet? 401(k) plan automatic enrollment: A winning formula Help participants avoid an inappropriate IRA rollover Click Here to Download As…
Tagged with: 401k, 5500, Accounting, ACP, ADP, automatic enrollment, Business, Consultants, discrimination testing, DOL, Fiduciary, IRA, IRA rollover, management, Money, plan, regulations, Retirement, Roth, Roth 401(k)
Posted in Employee Benefit Plans
Posted in Employee Benefit Plans
Alan Pecora
Anthony Mangiameli
David Mandrycky
Insero & Co.
Jacquie Platt
Jennifer Ott
Kimberly Gangi
Lou Gangi
Renee Ricci
The Highest Standard 