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Market Watchers Hope Steadier Leadership Will Propel Growth
Speaking on the day of Joe Biden’s inauguration as the 46th U.S. president, sources say the markets and the economy should benefit from steadier, informed leadership.
Democrats Have Won the Power to Fix Union Pensions
A bipartisan compromise solution to end the multiemployer pension crisis is urgently required, sources agree, and one could finally be forthcoming in the U.S. Congress.
Court Filing Details $13M UPenn 403(b) Lawsuit Settlement
Emergence of the settlement details comes after the filing of a stay motion in December.
401(k) Plan Administrator Sues VALIC Over Surrender Fees Charged to Plan
The insurer is charged with engaging in a prohibited transaction under ERISA when the fees were charged during a move to a new provider, as well as with...
Plaintiffs Petition SCOTUS in Wells Fargo Stock-Drop Litigation
The plaintiffs’ plea to the Supreme Court questions the precedents set by Fifth Third v. Dudenhoeffer—a 2014 high court ruling that significantly raised the pleading standards for ERISA...
15th Anniversary of RPAY: Cammack Retirement Group
The firm has seen its assets nearly double in only a few years, which senior partner Mike Volo says is a testament to the group’s quality team.
The Future of the 60/40 Portfolio
Investment experts say it’s not the percentages of a 60/40 portfolio that need to change for it to be effective in the future—it’s the components.
DOL Reconsiders Who Can Be Considered a Fiduciary
This makes its new prohibited transaction exemption all the more important, according to attorneys with Groom Law Group.
Stimulus Bill Extends Some Provisions of the CARES Act
It also provides a way for retirement plan sponsors to avoid a partial plan termination.
Practice Management: Areas of Success
A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.
Biden Administration Could Bring About Changes to ESG Investing
But Republican support will be crucial for a number of President-elect Joe Biden’s proposals.
IRS Extends Relief From Physical Presence Requirement
The physical presence requirement for spousal consents and participant elections under qualified retirement plans will be lifted through June 30.
Is the Tide of ERISA Litigation Turning?
One ERISA attorney who tends to represent plaintiffs says the future might hold fewer cases, thanks to certain key Supreme Court rulings and broad improvements in plan design...
The Year in Hardship Withdrawals and Leakage
Recordkeepers say their worst fears about plan leakage during 2020 have not come to pass, and in fact, the vast majority of participants have stayed the course.
Sponsored by MassMutual
From Fiduciary 2.0 to 3.0–Carving Out a Role for Advisers As Chief Governance Officer
Interview with Mark Cover, Head of Defined Contribution Investment Only Field Sales for MassMutual Investments and John Carl, founder and President of the Retirement Learning Center
Sponsored by MassMutual
Publisher’s Note
What a Year!
With so many bigger issues facing the country, much has happened that almost seems unnoticed.
Compliance News
Legislative and Judicial Actions
The DOL presents its final ESG rule, IRS simplifies certain 403(b) plan terminations, and more.
Cover Story
Value Judgment
How to best assess an advisory firm’s worth for a merger or an acquisition.
DOL Issues Final Rule on Proxy Voting and Shareholder Rights
The final regulation includes delayed compliance dates to January 31, 2022, for certain recordkeeping and proxy voting requirements.