Search results for: the blank effect
DOL Sends Electronic Disclosure Rule to OMB
The proposed rule, which the OMB has up to 60 days to review is aimed at reducing costs and improving participant understanding of retirement plan disclosures.
ShareBuilder 401k Offers Discounts Ahead of Safe Harbor Deadline
Prior to October 1, employers can get $100 or $200 off new plan set-up costs.
9th Circuit Issues Major ERISA Arbitration Decision
A three-judge panel concluded that a precedent-setting appellate decision which held that ERISA claims are not arbitrable is “no longer good law” in light of interim Supreme Court...
IRS Private Letter Ruling Solves Crucial Annuity Transaction Friction Point
A new IRS private letter ruling essentially conforms the tax treatment of properly structured advisory fees from non-qualified annuity contracts to those paid out of qualified accounts, which typically...
New York Trial Court Endorses Fiduciary Standard for Insurance Sales
New York’s expanded “best interest” standard took effect on August 1st for annuity contracts and will take effect February 1, 2020, for life insurance policies. In a new...
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...
Former House Speaker Boehner and Rep. Crowley Talk Union Pension Crisis
The influential former lawmakers are using their combined bipartisan stature to advocate for progress on the union multiemployer pension funding crisis.
Schlichter-Counseled ERISA Plaintiffs Reach $14M Settlement
John Hopkins University will settle a long-standing ERISA lawsuit—one of a number of virtually identical cases filed in district courts across the country by Schlichter, Bogard and Denton.
Meet Your FINRA Board of Governors Large Firm Candidates
A contested election for a seat on the FINRA Board of Governors will be settled at the annual meeting of member firms on August 19. PLANADVISER spoke recently...
Industry Reacts Positively to DOL’s Association Retirement Plan Rule
While there is some disappointment that it did not include a provision for open MEPs, any option that could appeal to small businesses to offer a retirement plan...
A DOL Secretary Scalia Would Quickly Find Direction
Having served as the DOL Solicitor General under the Bush Administration, experts suggest, Eugene Scalia would likely hit the ground running as a Labor Secretary with a conservative...
SEI Agrees to Pay $6.8 Million to Settle Self-Dealing Suit
The defendants also agree to retain the services of an unaffiliated investment consultant to provide an evaluation of the design of the plan’s investment lineup and to review...
DOL Issues Final Association Retirement Plans Rule
In addition to the final ruling, the department has also released a 16-page request for information (RFI) on open MEPs.
Like Their Clients, Advisers Display Many Biases
Advisers are used to addressing their clients’ behavioral biases when it comes to market risks and returns, but a new white paper suggests they need to do more...
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Advocacy and lobbying organizations representing the interests of brokers/dealers and investment advisers operating in New Jersey continue to voice their disapproval of the proposed regulations.
GWU Lawsuit Dismissed for Lack of Standing
In a case alleging George Washington University violated ERISA fiduciary duties with regard to retirement plan fees, a federal judge found the plaintiff had waived her right to...
EBRI Projects Effect of Retirement Proposals on Retirement Income Adequacy
Introducing auto portability and allowing open multiple employer plans (MEPs) were simulated to have the biggest impact on decreasing the retirement income deficit.
HSAgateway Creates HSA Platform
It helps users quantify the value of their high deductible health care plan, both in the present and the future, and select investments.
GAO Calls for DOL-IRS Collaboration on Prohibited IRA Transaction Exemptions
GAO says the two agencies do not share enough information on these exemptions, and that sharing more information would lead to greater transparency and consistency.
Human Error Leaves Retirement Plan Data Exposed
Experts in financial services cybersecurity are confident in most organizations’ technical strategies—in their use of sophisticated firewalls, encryption and network security tools—but there is much more concern about...