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News and insights to provide clarity to your financial situation.
Fiduciary Safe Harbors
When declaring them in your ERISA plan, be sure they are being followed or they may spell more trouble than the protection you think you are getting…
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True Wealth Management
Many years ago, I was invited to speak at an insurance industry conference, by a large insurer, because of some of the innovative ways we were using insurance products to solve financial problems through our sister company Wealth Preservers, LLC…
Read More
The Dreaded 5 D’s
I’ve seen this all before I sat for my Certified Exit Planning Advisor (CEPA®) but it wasn’t until class time that I realized just how common this problem is…
Read More
Hacked! Is Your Retirement Plan At Risk For A Cyber Attack?
Cyber-crime is on the rise worldwide. As a result, growing numbers of organizations are taking critical steps to protect their valuable electronic data from hackers …
Read More
Beware the Siren’s Song: The Prohibited Transaction Trap
Prohibited Transactions by business service providers claiming to help, could sink the business you have worked so hard to make successful. Case in point: Today I received the following email from one of the large payroll providers offering to absorb the administrative cost of the business 401(k) if the business …
Read More
Risky Business: Why Plan Governance Matters
Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and legal environment, it’s more important than ever to make sure your organization’s retirement plan is both effective and compliant. A well-structured retirement plan governance program can help you pursue these goals when aiming to limit fiduciary risk and improve plan performance, while striving to boost participant outcomes.
Read More
Plan Sponsor Guide: Understanding 401(k) Loans
The recent enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) makes changes to 401(k) loan repayment options, which should prompt plan sponsors and plan administrators to re-evaluate their existing loan program, processes and procedures. This article will provide an overview of the loan provision and offer a list of considerations that plan sponsors can use when adding or modifying an existing loan feature to their plan.
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The DOL Fiduciary Rule is dead, but you’re still a fiduciary
The DOL Rule is Dead – On June 21, 2018 the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary Rule”—thus killing the rule entirely. Despite this news, the death of the DOL Fiduciary Rule does not alleviate a plan sponsor from being a fiduciary when sponsoring an ERISA-covered retirement plan, such as a 401(k).
Read More
The Dreaded 5 D’s
I’ve seen this all before I sat for my Certified Exit Planning Advisor (CEPA®) but it wasn’t until class time that I realized just how common this problem is…
Read More
Fiduciary Safe Harbors
When declaring them in your ERISA plan, be sure they are being followed or they may spell more trouble than the protection you think you are getting…
Read More
Hacked! Is Your Retirement Plan At Risk For A Cyber Attack?
Cyber-crime is on the rise worldwide. As a result, growing numbers of organizations are taking critical steps to protect their valuable electronic data from hackers …
Read More
Beware the Siren’s Song: The Prohibited Transaction Trap
Prohibited Transactions by business service providers claiming to help, could sink the business you have worked so hard to make successful. Case in point: Today I received the following email from one of the large payroll providers offering to absorb the administrative cost of the business 401(k) if the business …
Read More
Risky Business: Why Plan Governance Matters
Participant-driven lawsuits are on the rise, and employers are facing heightened scrutiny of the way they manage their retirement plans. In today’s continually-evolving regulatory and legal environment, it’s more important than ever to make sure your organization’s retirement plan is both effective and compliant. A well-structured retirement plan governance program can help you pursue these goals when aiming to limit fiduciary risk and improve plan performance, while striving to boost participant outcomes.
Read More
Plan Sponsor Guide: Understanding 401(k) Loans
The recent enactment of the Tax Cuts and Jobs Act of 2017 (TCJA) makes changes to 401(k) loan repayment options, which should prompt plan sponsors and plan administrators to re-evaluate their existing loan program, processes and procedures. This article will provide an overview of the loan provision and offer a list of considerations that plan sponsors can use when adding or modifying an existing loan feature to their plan.
Read More
The DOL Fiduciary Rule is dead, but you’re still a fiduciary
The DOL Rule is Dead – On June 21, 2018 the 5th Circuit Court of Appeals vacated the requirements of the U.S. Department of Labor’s (DOL) Conflict of Interest Rule—more commonly referred to as the “DOL Fiduciary Rule”—thus killing the rule entirely. Despite this news, the death of the DOL Fiduciary Rule does not alleviate a plan sponsor from being a fiduciary when sponsoring an ERISA-covered retirement plan, such as a 401(k).
Read More
True Wealth Management
Many years ago, I was invited to speak at an insurance industry conference, by a large insurer, because of some of the innovative ways we were using insurance products to solve financial problems through our sister company Wealth Preservers, LLC…
Read More