According to the compliant, the defined benefit (DB) plan was required to adhere to Employee Retirement Income Security Act (ERISA) funding rules.
In its notice of intent to request OMB approval, the agency is asking for stakeholder comments,
The law applies to Connecticut K-12 school districts.
DWC Adds Marketing Director Position; Account Executive Joins Voya; Hancock Whitney Chooses Envestnet for Broker-Dealer Lines; and more.
While the deadline had already technically passed for the DOL to appeal the circuit court ruling vacating its fiduciary rule reforms, this highly anticipated move by the court is truly the end of an era.
Plan sponsors have a fiduciary duty to operate in accordance with the plan document, but an ERISA attorney shares common cases when mistakes are made.
Yet, according to ClearPoint Financial Partners, the investing strategy only accounts for less than 1% of the $7.7 trillion U.S. defined contribution (DC) retirement market.
The platform allows retirement plans to solicit bids from retirement plan providers.
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.
Plan sponsors have a duty to alert and inform participants of any data changes, and ensure they are receiving the right education on it.
Panelists discussed recent trends in fees and how providers can keep plan sponsors and participants up to date.
It consists of six live, web-based training sessions conducted over a three-month period.
Participant advice has highly progressed in the latest years, with the introduction of mobile technology and advanced systems, but how will it change under the new fiduciary rule vacate?
Panelists discussed numerous investment options that can push additional retirement savings.
It offers advisers prospecting tools, plan management resources, including fiduciary support, and educational materials.