Search results for: acts 19
New RMD Rules Mean the End of an Era for IRAs
Advisers should revisit planning for those who were counting on the 'stretch‘ IRA.
IRS Provides Sample Language for 403(b) Plan Provisions
The agency issued a listing of required modifications for pre-approved plans.
Compliance News
Legislative and Judicial Actions
The DOL seeks comments about protecting plan assets from climate-related risk; a proposed SEC rule would intensify registered investment adviser firms’ cybersecurity efforts; the DOL advises caution for...
Retirement Plan Lawsuit Against Veterinary Hospital Network to Proceed
A court has rejected the plan sponsor’s motion to dismiss breach of fiduciary duty allegations.
The State of Social Security: Mixed Perspectives
Experts say the uneven economic impact of the COVID-19 pandemic in some ways minimized its likely long-term effects on Social Security reserves, but longstanding solvency problems remain.
Some 403(b) Plan Sponsors Don’t Have Information Needed to Monitor Fees
A GAO study found a wide range in 403(b) plan recordkeeping and investment management fees.
Biden Administration Extends Student Loan Pause Through August
The Department of Education says the extension will provide additional time for borrowers to plan for the resumption of payments, reducing the risk of delinquency and defaults after...
Taking Stock of the SEC’s Ambitious Climate Agenda
Now that the financial services industry has had some time to digest the 500-plus pages of proposed rulemaking text, compliance experts are offering insight about exactly what the...
Judge Refuses to Dismiss Lawsuit Against DST Systems and Investment Manager
The lawsuit alleges 401(k) plan fiduciaries and a former investment manager breached their fiduciary duties by allowing a large portion of plan assets to be invested in Valeant...
Retirement Plan Asset Flows Can Influence Plan Decisions
A confluence of events has a few plan sponsors seeing more assets distributed from their plans than put into them.
The Biggest Retirement Plan Leakage Triggers and Costs for Participants
The paper finds that about 25% of contributions by pre-retirement-age individuals leaked between 2003 and 2005, and that this increased to roughly one-third in 2010.
Education Level Impacts Americans’ Return to Work
According to the EBRI, workers with lower educational levels have seen more job losses that have continued through the pandemic, while those with college degrees have seen their...
Investment Product and Service Launches
New Nasdaq-100 index fund institutional share class launches, while Alerian S-Network expands partnership with IdealRatings and Sanctuary Wealth.
Financial Literacy Commission Eyes Climate Change and Crypto Scams
During a recent hearing, members of the commission discussed the interplay of climate change, crypto assets and the financial wellness of everyday Americans—pledging to take coordinated actions to...
Researchers Reveal Way Advisers Can Encourage Retirement Savings
Research looked at the impacts of framing future moments in time as opportunities to save for retirement
DOL Compliance Notice Warns Against Crypto Risks
The DOL’s Compliance Assistance Release No. 2022-01 urges plan fiduciaries to exercise ‘extreme care’ before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu.
Sounding the Alarm on Gender Inequality in Retirement
A recent U.S. House Education and Labor Committee hearing covered several retirement-related topics, including how to increase pay and benefit equity for women in the workforce.
Understanding PRT: Fiduciary and Admin Considerations
When transferring pension risk via a full or partial buy-in or buy-out, plan sponsors have a fiduciary obligation to ensure the transaction is implemented in compliance with the...
Compliance News
Legislative and Judicial Actions
The DOL denies general support for private equity; the Supreme Court sends ‘Northwestern’ back to the appeals court; the PBGC funds a second failing pension; and more.
ERISA vista
An Objectivity Lesson
The more objective the presentation, the less likely it will seem like advice.