News

IMHO: For the People, By the People

Last week, no fewer than a dozen industry trade organizations put their collective heads together and tried to help the Department of Labor—which has been working on a project regarding fee disclosure, and has asked for input—put together some workable principles on retirement plan fee disclosure.

QDIA Workshop to be Developed for Advisers

Saying that plan sponsors looking to use Qualified Default Investment Alternatives (QDIAs) will turn to investment advisers for help, DALBAR and the Foundation for Fiduciary Studies are banding together to create a workshop focused on educating advisers about the investments.

Fidelity Sued Over 401(k) Revenue Sharing Payments

Seeking class action status on behalf of all plan sponsors, plan administrators and trustees of defined contribution plans in which Fidelity now serves or has served as a trustee, a plan sponsor has sued Fidelity Management Trust Company, alleging the provider got

Bruce Harrington Moves to Cogent Research

Cogent Research LLC, an evidence-based consultancy, has named financial services veteran Bruce Harrington, previously at MFS Investment Management, as managing director of its wealth management practice.

403(b) Programs Don’t Have to be ERISA Plans

A day after the Internal Revenue Service (IRS) released the final version of its 403(b) rules, the Department of Labor (DoL) said Tuesday that the plans can be set up so they are exempt from the Employee Retirement Income Security Act (ERISA).

Final 403(b) Regulations Released

Experts say that the finalized 403(b) rules, released on Monday by the Internal Revenue Service (IRS), represent a potential opportunity for plan advisers.

Vacation “Spots″

If you’re having trouble getting folks on the phone, or finding them in the office – odds are they are taking a summer vacation.