…and pooled employer plan (PEP), and the continuing vagaries surrounding the Employee Retirement Income Security Act of 1974 (ERISA) – especially the much-debated fiduciary rule – are all part of the practically innumerable developments over the last 75 years. But one thing that has not…
Our PENTalk provides an overview of the Pentegra Defined Benefit Plan for Financial Institutions Pension Valuation Process and Results. Included in the PENTalk will be a discussion of: The Multiple Employer Plan Structure Principal Fiduciary Roles and Responsibilities Results for the Plan Year 7/1/2022 –…
…both parties have serious fiduciary and practical responsibilities to consider. The due diligence checklist of issues to research, assess, and report on before and after the merger event is well beyond the scope we can cover here. It includes primary areas of responsibility around assessing…
Non-profit employers have a growing list of concerns associated with their 403(b) plans; fee litigation, illiquid annuity contracts, administration of legacy assets, diminishing on site participant education, fulfilling the fiduciary obligations and the list continues. What are 403(b) plans sponsors doing today to address these…
…summary, it seems certain that RoboAdvisors are here to stay and will continue to grow. However, their algorithms will also require human intervention and advice to ensure that advisory firms are fulfilling their fiduciary role. Barbara Friedberg, “6 of the Newest Trends in Robo Advisors”,…
…as they have the same trustee, named fiduciary(-ies), administrator, plan year and investment options. In theory, the appeal of GoPs is that a group of employers (unrelated or related) can keep their own plans and combine to gain economies of scale by collectively negotiating better…
…convertible to dollars. Cryptocurrencies are generally unregulated and would raise multiple fiduciary and legal concerns for an ERISA benefit plan. Its short history precludes meaningful risk and return analysis. Overview of the Cryptocurrency Market According to Bianco Research, the size of the cryptocurrency market is…
…sponsors have a fiduciary responsibility under ERISA to ensure that a retirement plan is being operated in the best interests of plan participants. A critical part of that responsibility includes evaluating plan fees and expenses and determining if plan costs are fair and reasonable. The…
…messages, and websites. Acting as a fiduciary for most of the clients we do business with in the ERISA 3(16) marketplace, we have had a keen interest in this topic for the past few years – and we are big proponents of the new rule,….
…of 2019 (SECURE) Act. While it is a good thing to finally have this information in hand, there is still some concern that not everyone who wants to be a PPP should necessarily be one. A PPP acts as a PEP’s administrator and named fiduciary….
…rally What are possible risk factors Will “fundamentals” play a more significant role in 2020 Interest Rates The shape of the Treasury yield curve How might rates impact impact savers and pension sponsors The role and challenges of the Federal Reserve Fiduciary Standard How has…
…fiduciary disclosures under 408b-2 Lots of fees are missing from the 5500 Disclosure loopholes are closing, including the ability to do a check-in-the-box disclosure about revenue sharing Only large health and welfare plans need a 5500 All health and welfare plans regardless of size will…