Search results for: SCO
Pension Plans Need Help Crafting and Executing De-Risking Strategies
By the end of the calendar year 2017, the discount rate used by companies sponsoring pension plans in the S&P 500 had fallen to the lowest level measured...
TPA Accused of Stealing Assets From Retirement Plans
Vantage Benefits, a TPA and recordkeeper, has already been ordered to restore funds to one 401(k) plan; now a new lawsuit accuses it of stealing funds from MBA...
Suit Claims Gannett 401(k) Holds Too Much in Parent Company Stock
The lawsuit contends the plan’s holdings of the parent company's common stock should have been liquidated on or shortly after the date Gannett was separated from its parent.
CVS Wins Dismissal of Stable Value Fund Suit by 1st Circuit
The plaintiffs' showing that the CVS retirement plan's stable value fund departed from a study of other stable value funds' investments did not support a plausible claim that...
Retirement Industry People Moves
Voya Hires Sales Executive for Small-Mid Business; OppenheimerFunds Adds to CEO Advisor Institute's Executive Consulting Team; Vanguard Promotes Four Professionals Within Fixed Income Group; and more.
DOL Fiduciary Rule Ambiguity Mustn’t Derail Quality Client Service
With so much uncertainty now overhanging the future of the DOL fiduciary rule expansion, the onus is squarely on advisers, broker/dealers and recordkeepers to decide how they will...
District Court Dismisses ERISA Lawsuit Targeting Aon Hewitt, Financial Engines
Plaintiffs suggested plan fiduciaries permitted excessive fees to be paid, leading to improper provider kickbacks; a district court judge has summarily dismissed the allegations for failing to state...
Circuit Court Fiduciary Rule Decisions Raise Important Process Questions
While the Fifth U.S. Circuit Court of Appeals has vacated the DOL fiduciary rule expansion, one attorney warns the rule is still technically in effect, at the very...
Nearly Three-Quarters of Boomers Want to Delay Retirement
More than three in 10 have no retirement budget.
2018 RPAY – Everhart Advisors
PA: Tell us about your practice and how you and your team members got into advising retirement plans.Everhart Advisors was founded in 1995 by Scott Everhart and since...
2018 RPAY – Plan Sponsor Consultants
PA: Tell us about your practice and how you and your team members got into advising retirement plans.Having sold my financial planning firm to a large institutional firm...
2018 RPAY – Ascende Wealth Advisers, Inc.
PA: Tell us about your practice and how you and your team members got into advising retirement plansAscende Wealth Advisers, Inc. (AWAI) was founded by Ascende on February...
2018 RPAY – Greenspring Advisors
PA: Tell us about your practice and how you and your team members got into advising retirement plans. Greenspring was originally founded as a pure, fee-only registered investment adviser...
2018 RPAY – Joe Brummel
PA: Tell us about your practice and how you and your team members got into advising retirement plans.Wealth Enhancement Group was founded in 1997 by three advisers with...
Will SCOTUS Decide the Fate of the DOL Fiduciary Rule?
Some ERISA attorneys argue the Fifth Circuit decision last week to vacate entirely the DOL’s fiduciary rule expansion makes a Supreme Court decision on the matter inevitable; others...
Active Fund Manager Performance History Doesn’t Tell Whole Picture
The SPIVA Scorecard of active fund managers produced by S&P Dow Jones Indices shows long-term underperformance of active managers, but Steve Deschenes, with Capital Group, takes issue with...
Two ESOP Bills Progress in Congress
Both aim to promote employee ownership and have bipartisan support.
Retirement Industry People Moves
External Wholesaler Joins BPAS; Lincoln Employs Sales Directors to Retirement Distribution Team; Mid Atlantic Partners with Parthenon and Waterfall; and more.
Broad-Based Financial Education Found to Be Ineffective
Instead, programs need to be tailored to each individual’s specific financial goals.
SunTrust Agrees to Settle Stock Drop Suit for $4.75 Million
The bank also agreed to continue funding matching contributions to its 401(k) plan in the form of cash or cash equivalents for a period of time.