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The Fiduciary Rule: Where Does it Stand?

…by a Federal court in 2018. The “SEC” prefix also doesn’t fit since the Securities and Exchange Commission’s (SEC) proposed “best-interest” rules are not expected be finalized until late 2019. While it is hoped that a common set of DOL/SEC rules will be rolled out…

Getting to the Truth of a True Up

…a third-party administrator that works as a fiduciary, like Pentegra – instead of a simple service provider – can alleviate the confusion that can easily arise when making true-up calculations. When Pentegra acts as an ERISA 3(16) plan administrator, we take as much of the…

Tales of 401(k) Administration Gone Awry – Part 1

…less than useful. Instead, clients want to know how we in the retirement services industry can help them not to screw things up – and how we can help when they do. What sometimes gets missed is that a company’s 401(k) plan administrator is, in…

Taking Steps to Improve Your Fiduciary Position

…over the past several years, with implementation dates coming and going and concerns over the controversial “best interests of one’s clients” requirement continuing to be voiced; I discussed some of those issues here. Ultimately, the DOL Fiduciary Rule was vacated by the 5th U.S. Circuit…

Rule of Thumb for Decumulation: There Is No Rule of Thumb

…issues relevant to that area. In most pursuits, people usually look for a “rule of thumb” when it comes to sound strategies or best practices. However, when it comes to developing a retirement plan strategy the rule of thumb is that there is no rule…

Cash Balance 101

…have the plan design conversation? Cash Balance 101. Our virtual classroom is open and we want to provide you with the knowledge you need! Core Curriculum Plan Design best practices Strategic selection – which clients may be the best fit and why Talking points for…

What Is The Difference Between A 401(k) Plan And A 403(b) Plan?

…is the level of employer involvement. If a plan falls under ERISA there is a significant amount of employer involvement that is necessary. The employer chooses the types of investments option based on what is best for the plan and sends the payments to the…

More Tales of 401(k) Plans Gone Awry

…the case with one bank that did a very good job of everything … except for following the law when it came to their retirement plan. The bank had no intention of doing anything that could be construed as not being in the best interests…