Search results for: acts 19
Crafting Annuity Confidence and Clarity Is Hard Work
One passionate analyst says the highly nuanced annuity marketplace does not receive sufficiently careful attention from either the financial services media or potential consumers.
1st Circuit Reverses Union Pension Liability Decision
As the appellate decision explains, ownership percentages are less important than organizations’ operating structures when determining withdrawal liability from a multiemployer union pension.
Supreme Court Will Not Review Case Regarding Group Annuity in Retirement Plan
The high court's decision lets stand a ruling that Great-West, as a non-fiduciary party in interest was not liable for alleged ERISA violations.
Limited 529 Plan Knowledge Holds Savers (and Advisers) Back
Educating people about the plans is important, as a recent Edward Jones survey found that only 29% of Americans know what the purpose of these plans are.
Republicans Propose Their Own Union Pension Funding Crisis Solution
Unlike the approach favored by Democrats in the House of Representatives, which would establish a government-backed loan programs to assist troubled union pension, this approach would permit the...
2019 Was Big for the SEC. 2020 Will Be Huge.
In addition to the ambitious Regulation Best Interest package, the securities and market regulator is making significant changes to the proxy voting landscape and its rules for adviser...
Data Mine—November 2019
The retirement plan industry is flush with data points and analyses. In this November 2019 edition of Data Mine, we have dug out the most useful findings from...
Prudential Latest Recordkeeper to Face Self-Dealing ERISA Lawsuit
Plaintiffs challenge the use of proprietary products in Prudential’s defined contribution retirement plans, an arrangement they say impermissibly benefitted the company at the expense of plan performance.
IRS Proposes Changes to Tables Used in RMD Calculations
The purpose of any such updates would be to increase the effectiveness of tax-favored retirement programs by allowing retirees to retain sufficient retirement savings in these programs for...
Insurance Companies Are Experiencing Investment Challenges
Since some retirement plan investments are tied to insurance company portfolios, should fiduciaries monitor these accounts like other investments?
Attorneys Argue for Stricter Reading of ‘Actual Knowledge’ in ERISA Cases
Responding to a case against Intel 401(k) plan fiduciaries, U.S. attorneys say just because retirement plan participants receive investment disclosures doesn't mean they have actual knowledge that a...
Corporate America Pushes for SECURE Act Passage
It’s not just the financial services industry pushing for passage of the Setting Every Community Up for Retirement Enhancement Act; chambers of commerce, consumer advocacy groups and major...
CenturyLink’s Investment Management Company Faces ERISA Claim
On their third try, participants in CenturyLink's 401(k) plan get a recommendation that one claim move forward.
Judge Recommends Columbia University ERISA Suit Moves Forward
A magistrate judge found that there are genuine issues of material fact as to whether Columbia acted prudently throughout the class period by not consolidating to a single...
Odds of SECURE Act Passage This Year Pinned at ‘Less Than 50-50’
While parties on both sides of the political spectrum are pushing for passage of the SECURE Act, one Washington insider who helped implement the Pension Protection Act says...
Intro
A Time of Change
Advisers have a variety of strategies to evolve their firm—from good partnerships at the plan level to well-thought-out M&A’s.
Feature
Effectively Serving Small Solutions
Delivering profitable service to small clients is possible.
Cover Story
Addressing Profitability
When plans are no longer cost-effective, there are actions advisers can take.