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15th Anniversary of RPAY: Rita Fiumara
Rita Fiumara of UBS Financial Services Inc. is an early entrant into the retirement plan industry, having worked in the business since 1997.
Trends
Tracking Part-Timers’ Hours
How they count hours, implement cash-outs and find missing participants are some of the processes plan sponsors need to review for the SECURE Act’s new requirement.
Cover Story
Value Judgment
How to best assess an advisory firm’s worth for a merger or an acquisition.
Principal Remains as Defendant After CHS Settlement
The proposed agreement stipulates that the class counsel does not intend to seek recovery of any attorneys’ fees or litigation costs from Community Health Systems (CHS) in connection...
Even 2020 Couldn’t Dampen RIA Industry M&A Momentum
Though the whole year and the final quarter, especially, have already delivered impressive numbers, there are expectations that some additional major transactions could soon be announced.
Does Senate Hearing Foreshadow More Retirement Reform?
Commenters at a Senate Finance Committee hearing held Wednesday sure hoped so—and they had a lot of ambitious ideas.
Equity Opportunity May Exist Outside U.S. in 2021
The change in presidential administration could result in more opportunities in Chinese companies, for example.
Guidance on Missing Participants Listed on IRS Priority Guidance Plan
Guidance about how to deal with missing participants and uncashed checks has been issued piecemeal over the years.
Retirement Industry People Moves
Global Client Group head joins AB; Alger hires SVP and institutional team co-head; The Standard hires retirement plan consultant for Northern California and Nevada; and more.
Investment Service and Product Launches
Domini Impact Investments releases mutual fund; FIDx partners with American Equity and Eagle Life; and ASI launches several ESG-focused funds.
DOL Releases Updated Versions of Form 5500
The agency has also highlighted important modifications to the form.
HUB International Running Full Steam Ahead on RIA Acquisitions
The aggregator expects it will announce several more acquisitions of leading retirement plan advisory firms this year and have a busy 2021.
Has the DOL Found an ESG Middle Ground?
George Michael Gerstein, an ERISA attorney with Stradley Ronon, dissects the DOL’s final rule regarding ESG investing in retirement plans, calling it a compromise that might be here...
Nationwide Extends Fee Waiver for New Business
The firm is also offering a 90-day trial period of its managed account solution to retirement plan participants.
DeMoulas Super Markets Agrees to $17.5M Settlement
Plaintiffs accused the profit sharing plan sponsor of investing too conservatively and applying an inappropriate one-size-fits-all default investment allocation for participants.
Excessive 401(k) Fee Suit Filed Against Parent Company of Victoria’s Secret
The lawsuit accuses plan fiduciaries of failing to benchmark recordkeeping fees and failing to monitor investment fees, among other things.
Retirement Industry People Moves
Strategic Development VP joins Pentegra; PCS Retirement adds new hires to marketing department; TIAA president and CEO announces retirement; and more.