…of Pension and Protection Planning for Pentegra to learn about strategies such as applying the 199A tax deduction, using qualified and executive compensation arrangements to increase retirement income security, and implementing a plan governance process to mitigate fiduciary liability, as well as others. *Disclaimer: This…
…of Pension and Protection Planning for Pentegra to learn about strategies such as applying the 199A tax deduction, using qualified and executive compensation arrangements to increase retirement income security, and implementing a plan governance process to mitigate fiduciary liability, as well as others. *Disclaimer: This…
Proponents of Environmental, Social, and Corporate Governance (ESG) investing are probably not big fans of the recent guidance issued by the U.S. Department of Labor (DOL) . On November 13, the DOL announced a final rule intended to provide clear regulatory guideposts for fiduciaries of…
…– and potential penalties for errors – involved with being a PPP is one thing; making sure you are in full compliance is the real job of a fiduciary. Does the corner PEP “mechanic” truly understand what it is to be a fiduciary? Enter the…
Of Course Your Clients Are Fiduciaries When it comes to the topic of fiduciary responsibilities for qualified retirement plans, there are three things we know really well: Plan Sponsors are, by definition, a fiduciary of their own plan as they exercise control and act on…
…(IRS) and U.S. Department of Labor, not to mention some noteworthy moves when it comes to Environmental, Social, and Corporate Governance (ESG) investing and rolling over qualified plan loan offset (QPLO) amounts, among others. One other major development of note is the Securing a Strong…
…calling for a review of last year’s ruling by the U.S. Department of Labor on Environmental, Social, and Corporate Governance (ESG) investments – something we wrote about recently. Biden’s campaign website – still up as of his inauguration – lays out at length various positions…
…be defined contribution plans, with the same trustee, the same named fiduciary (or named fiduciaries) under ERISA, and the same administrator, using the same plan year, and providing the same investments or investment options to participants and beneficiaries. We support this part of the legislation,…
…that covers unrelated employers while transferring many of the responsibilities and liabilities associated with being a named fiduciary to the MEP. Non-profits looking to reap the benefits of a 401(k) MEP can do so via a 403(b) MEP. Available to non-profit employers, a 403(b) can…
…plan sponsor to fiduciary risk by making the decision to direct such contributions. As a result, the industry and regulators realized that it was important to establish what would become known as a Qualified Default Investment Alternative or QDIA. A QDIA is designed to meet…
…up yet—anything can happen. Rewriting the Fiduciary Regulations Putting a hold on pending effective dates of new regulations imposed by predecessors is something virtually every new president does. The expectation prior to November 8 was that Clinton would win and that she would support the…
“When it comes to the fiduciary administrative oversight of a retirement plan, although most plan sponsors are the Named Fiduciary of their plan, the truth is that they are not aware of the myriad of fiduciary administrative responsibilities that come with that role, or that…