PLANADVISER Weekend Newsdash
Week ending April 15th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers! In this weekend’s mailing we highlight the 2016 PLANSPONSOR Retirement Plan Advisers of the Year. The finalists and winners demonstrate an unfailing commitment to helping plan sponsors and participants boost outcomes where it matters most. Explore the profiles for insights and strategies on building a high-performing advisory practice. On a related note, readers are encouraged to attend an adviser-focused webcast next week on reaction to the DOL fiduciary rule, sponsored by Voya.
Editor's choice
Retirement Plan Adviser Individual of the Year
A 20-year veteran of the retirement planning industry, Jania Stout, managing director of Fiduciary Plan Advisors, started in the industry in recordkeeping and administration at ADP and Fidelity Investments. Wanting to have a greater role in engaging with and offering advice to plan sponsors, eight years ago, Stout became an adviser, and two years ago, she founded her practice in order to “truly help our plan sponsor clients.” Read more >
Retirement Plan Adviser Small Team of the Year
Being proactive and providing customized and personalized solutions for clients is at the heart of the work of The Catanella Institutional Consulting Team of UBS. The team’s mission statement is “to provide our plan sponsor clients with a customized and service-driven model to deliver successful retirement outcomes for their participants, while effectively helping guide them through the ever-changing fiduciary landscape.” Read more >
Retirement Plan Adviser Large Team of the Year
Newport Capital Group believes it is important to thoroughly understand each plan sponsor’s goals for its company, so immediately upon starting with a new client, the practice asks it what issues are most pressing—both for the company and for employees. As the firm puts it, having an “open dialogue during onboarding sessions” is key. Read more >
Retirement Plan Adviser Mega Team of the Year
Underlying all of the work that Alliance Benefit Group Financial Services, Corp., does is an underlying emphasis on what it calls “sustainable retirement”—defined by the company as at least 85% of employees being able to replace 75%, or more, of their income. Read more >
Retirement Plan Adviser of the Year Finalists
The 2016 PLANSPONSOR Retirement Plan Advisers of the Year finalists have demonstrated leadership and a commitment to excellence for their retirement plan sponsor clients and participants. Read more >
Adviser Webcast: Reaction to the DOL Fiduciary Rule
PLANADVISER and Voya Financial will host a series of in-depth webcasts on the final fiduciary rule, published last week by the Department of Labor. The first session in this timely series takes place Wednesday, April 20, at 2 p.m. EST. Follow the link to register. Read more >
MOST POPULAR STORIES
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

Once They Catch On, PEPs Could Grow Exponentially
The current hesitancy over how they will take shape will be overcome by appreciation among advisers and sponsors alike at the prospect of expanding retirement coverage, sources say.
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