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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.
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...
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Effectively Serving Small Solutions
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2019 PLANADVISER National Conference
One adviser stressed the importance of making sure plan sponsors and their committee members understand what annuities are and that there is no one solution for all plans....
Talking Points
Talking Points
Loan Limit Countdown With changes made under the 2018 Bipartisan Budget Act, sponsors may still set limits on plan loans and hardship withdrawals until December 31, 2020. Source:...
‘Smart Money’ Says 2nd Circuit Won’t Halt SEC Regulation Best Interest
Advisory firms waiting to see whether the 2nd Circuit will delay or outright halt the implementation of the SEC's Regulation Best Interest are wasting precious time.
In-Plan Guaranteed Income Will Always Be a Challenge
There is clearly a growing interest among retirement plan industry stakeholders in providing guaranteed income annuity options within defined contribution plans, yet consensus remains elusive.
Lower Court Says 2nd Circuit Should Decide Regulation Best Interest Lawsuits
It is well-established that clauses containing a specific statutory grant of jurisdiction to the court of appeals should be construed in favor of review by the court of...
Co-Founder of XY Planning on Why His Firm Has Sued the SEC Over Reg BI
The rule blurs the line between advice and sales, potentially hurting both advisers and investors, he says.
U.S. Weighs In on Supreme Court Consideration of Pension Case
Both the U.S. Solicitor and the Pension Rights Center argue that current funded status of a defined benefit (DB) plan is not a proper measure for whether the...
PANC 2019: Beyond the Buzzwords: Making ‘Cents’ of Financial Wellness
Industry insiders discuss what a ‘true financial wellness program’ is and is not—and what it should consist of.
Investment Product and Service Launches
Morningstar releases goals-based planning solution; Schwab adds account conversion feature to portfolios solution; and AssetMark to offer Savos personal portfolios.
Global Trade Tensions Define Investment Outlook for Many
Experts suggest the uncertain U.S.-China trade situation has weighed heavily on business investment, resulting in weaker manufacturing activity worldwide.
The Path Ahead for Small Firms and Independent RIAs
Just 5% of RIA firms advise on $1 billion or more in assets, but they service more than 60% of the industry’s total.
Rollover Mechanics and the Most Common Mistakes
Besides failing to invest the money within the IRS’s 60-day window—the most common mistake according to the experts—another frequent error impacts those who cash out of their workplace...
Rare ‘Doe Pleading’ Allowed in ERISA ESOP Valuation Lawsuit
As a general rule, “Doe pleading” is disfavored in federal court. However, the practice is not entirely forbidden, particularly where the identities of alleged defendants are unknown.
Court Denies Dismissal of Kaleida Health Excessive Fee Suit
Among other things, a federal court judge found the director of benefits at Kaleida Health and the retirement plan committee of its 403(b) and 401(k) plans were fiduciaries.
U.S.-China Trade War Fears, Volatility Spark 401(k) Trading Spike
“We just had an asset-allocation meeting and we spent probably half of it talking about global trade tensions and the China-U.S. relationship,” says Bob Brown, CIO at Northern...
Competitors PCS and Aspire Combine in Latest Recordkeeper Acquisition
PCS and Aspire, both founded nearly two decades ago with the common goal of providing specialized services to investment fiduciaries, will join together to achieve the benefits of...