…Reserve’s Dual Mandate”, June 12, 2019, https://www.chicagofed.org/research/dual-mandate/dual-mandate 2 , Council on Foreign Relations. “The Role of the Federal Reserve”, June 20, 2019, https://www.cfr.org/backgrounder/role-us-federal-reserve NOTE: Information presented herein is for discussion and illustrative purposes only and is not a recommendation or an offer or solicitation to…
…according to the Bureau of Labor Statistics. It would also clarify the due date for single-employer pension plan minimum required contributions; that date was delayed for 2020 by CARES. In addition, while the CARES Act allows eligible retirement plans to rely on an employee’s self-certification…
…to retirement funds until employees reach retirement age. Depending on age at termination, these funds could experience significant erosion due to inflation. Since Cash Balance benefits are expressed in the form of an account balance, employees may feel more appreciative of the contributions being made…
…to join together to create open Multiple Employer Plans (MEPs) and to expand retirement plan participation to part-time workers. 5. Will Exchange Traded Funds (ETFs) continue their rapid growth? While ETF assets remain a relatively small fraction of the total of passive index funds and…
…fund share classes and caused the Plan to pay unreasonable and excessive fees for recordkeeping and other administrative services.” The suit also cites Trader Joe’s decision to pay for Capital Research’s recordkeeping services by offering retail investor share classes of American Funds mutual funds instead…
…their annual funding notice to participants, beneficiaries and any labor organizations representing participants. Small plans covering fewer than 100 participants must provide the notice by the IRS filing due date of its Form 5500. July 31: The IRS’s aforementioned Form 5500 due date for plans…
…— something you are probably not interested in if you do not work in an investment-related profession — simplify your investment life and use a Target Date Fund or a Model Portfolio. Don’t forget about an old 401(k) from a previous job, if it exists….
…investment decisions you make align with it. Another potential pitfall is target dates funds (TDFs). As we saw after the 2008 recession, TDFs can lose value; even though the U.S. Department of Labor says you can use a TDF as a default investment option does…
…roles and responsibilities involve handling funds or other property of the plan. So, a plan fiduciary who has no access to these processes or authority to direct funds would not be required to be bonded. Let’s talk about Coverage Requirements The amount of the required…
…or at least 30 days in advance of the date of any first investment in a QDIA; or (b) On or before the date of plan eligibility provided the participant has the opportunity to make a permissible withdrawal (90-day withdrawal under Section 414(w) of the…
…private funds. This approach is also designed to contribute to asset growth over the long term. Liability-focused investment strategy, which is designed to hedge interest rate risk. This involves a high-quality fixed-income portfolio that is structured via investment in bond funds; it may also include…
A blog by Richard Rausser, CPC, QPA, QKA, Senior Vice President- June 23, 2015 In this second of three posts discussing Pentegra’s latest survey conducted by Harris Poll, I will look at the surprising lack of knowledge that a majority of respondents have when it…