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Big Changes Expected in Form 5500 Reporting

…file Minimal data about non-traditional investments More data about Collective Investment Funds, illiquid investments, alternatives, and more Little or no separate reporting on self-directed brokerage accounts (SDBA) Mandatory inclusion of amounts in SDBA and a breakdown by underlying assets Service providers making less than $5,000…

Managing Money Market Reform

…each account in the fund has a person’s name attached to it. However, institutional money market funds, those designated for defined benefit and similar plans, must transact at a floating NAV, meaning the funds’ net asset value can be above or below $1.00. Both retail…

Market Volatility and the Impact of the Coronavirus

…analysis, data and forecasts to be difficult, if not impossible, to rely on. There is a saying that “markets dislike uncertainty”, which is helping drive stocks downward, with investors moving into “safe haven” assets such as US government bonds, gold and cash. The Chinese economy…

Feeling More SECURE About Retirement

…to help employees establish a reliable revenue stream of income during their retirement; make it easier for employees to transfer their retirement plan assets to a new retirement plan when changing jobs; encourage workers to increase their retirement savings annually through automatic increases in contributions…

Dealing with the DOL and Missing Plan Participants

…(IRAs) in 2016.” The GAO noted that, when account owners do not claim money from retirement savings accounts or cash checks from their plans, the funds may be transferred to the appropriate state’s unclaimed property offices; assets and uncashed checks from employer-sponsored retirement plans like…

The Ever-Expanding Role of the Federal Reserve

…participant with a huge balance sheet. According the Council on Foreign Relations and the Federal Reserve, the Fed’s assets have expanded from $739 million at the end of 2002 to $3.9 trillion as of January 2019 and has been as high as $4.5 trillion. Most…

Second Thoughts About the SECURE Act

…employees, through an Open MEP (Multiple Employer Plan); raise the required minimum distribution age from 70½ to 72; and concurrently remove the age limit for contributing to Individual Retirement Accounts (IRAs). It also would make it easier for employees to transfer their retirement plan assets…

Dialing for DOL Dollars

…welfare benefit plans, such as those providing life or disability insurance. Those plans cover about 143 million workers and their dependents and include assets of over $9.8 trillion. Those are a lot of numbers, but here’s one more: In 2018, EBSA recovered over $1.6 billion…

The SECURE Act Has Finally Passed – What Does It Mean? (Part One)

…about two dozen provisions aimed at increasing access to tax-advantaged retirement accounts and preventing older Americans from outliving their assets. As with most legislation passed by Congress, the SECURE Act contains multitudes. In this and my next blog, I will discuss some of its major…