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AdvisorEngine Acquires CRM Provider Junxure
The move enhances AdvisorEngine’s open architecture system and connects disparate technologies.
Some Benefit Limits for Puerto Rico Plans Are Different From U.S. Plans
Different limits and rules for retirement plans qualified in Puerto Rico may cause some operational issues for plan sponsors.
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Compliance News
DOL Approves Fiduciary Rule DelayThe Department of Labor (DOL) has decided to delay implementation of the special transition period for the fiduciary rule’s best interest contract exemption (BICE)...
Fixed Income Portfolio Outlook for 2018
Year-end analysis shared by Charles Schwab suggests the appointment of Jerome Powell to be the new Federal Reserve leader likely means that interest rates will continue to move...
Allianz Settles One of the Original ERISA Self-Dealing Lawsuits
The settlement includes $12 million in monetary contributions, along with mandated administrative changes and the appointment of an independent monitor for the investment lineup.
Stable Value Lawsuits and the Goldilocks Zone
Even though there is no typical stable value fund, heading into 2018 there have been three typical types of lawsuits filed against fiduciaries offering stable value funds, according...
Awaiting Third Circuit Action, District Court Returns Split Decision in Princeton ERISA Lawsuit
A federal district court judge has dismissed the university’s motion for reconsideration of its previous motion to dismiss, while simultaneously granting a motion to stay the litigation process...
Great-West Prevails in Suit Over Stable Value Fund
The lawsuit alleged Great-West Life & Annuity Insurance Company breached its fiduciary duty of loyalty under ERISA Sections 502(a)(2) and (3)—namely by setting predetermined interest rates artificially low...
Reporting Emerges that Many DOL Fiduciary Rule Comments Could Be Fake
The Wall Street Journal published an analysis this week suggesting “at least five governmental agencies have received fake comments challenging the agencies' rules,” including the Department of Labor;...
Court Decision Provides Lessons for What Constitutes a QDRO
An appellate court found a divorce decree met all the requirements of a QDRO under ERISA.
Splitting Up DB Plans Can Reduce PBGC Premiums
DB plan sponsor clients may want to consider a strategy to reduce PBGC variable-rate premiums.
Only 13% of Retirement Plan Participants Seek Out Advice
However, advice seeking increases with age, account balance and annual contribution level.
Research and Surveys Can Help Inform Plan Sponsor Client Decisions
From what participants want, to retirement plan trends and what other plan sponsors are doing, data and research can be used to help retirement plan sponsor clients decide...
ICMA-RC Overhauls Website
Besides revamping the public website, the participant and plan administration portals have also been enhanced.
Tax Reform Bill Could Affect ESOPs
Newly leveraged Employee Stock Ownership Plans that borrow a large amount may find that their deductible expenses will be lower.
Some TDFs Allow Managers to Tactically Allocate Assets
But they do so cautiously, setting limits on the amount of the assets that can be adjusted, and some doing so only once a year.
Retirement Industry People Moves
Mercer Reveals Leadership Changes in Its Wealth and Health Hemisphere; Milwaukee Institutional Announces Boston Location Led by VP; BPOC Acquires Zenith American; and more.
President Trump’s EBSA Nominee Wins Full Senate Approval
The Senate HELP Committee cleared Preston Rutledge’s nomination earlier in December; now the full Senate has approved his nomination to a post in which he will play a...
ERISA Litigation Landmarks Set the Stage for 2018
One ERISA attorney who specializes in defending employers against fiduciary breach claims says 2017 has delivered no shortage of important, potentially precedent-setting decisions involving employee benefits law; and...
Planning for Medicare Premiums and Drug Costs Is a Difficult Fact of Life
A new EBRI analysis suggests some couples retiring in the near future could need as much as $370,000 in dedicated savings just for medical care; small wonder to...