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Help Clients Understand Why a QDIA Matters

…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…

Rapid Pace of Legislation in 2020 Could Be Eclipsed by This Year’s

…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…

2020: The Year That Was

…(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…

Getting Ready for a PEP Rally!

…of PEPs allow the participating employers to benefit from lower fees than in traditional single employer plans. In the RFI, the DOL states: PEPs are required to designate a pooled plan provider who is a named fiduciary of the PEP. As a fiduciary, the pooled…

Not All Stable Value Funds Are Created Equal

…investment line-up brings on fiduciary liability for plan officials. As with all plan investment options, plan officials are responsible for the prudent selection and monitoring of a stable value fund. Understanding the unique aspects of stable value funds is the first step in an effective…

Who’s the Plan Administrator?

…little thought is given to plans in these situations, a great deal of confusion, many missteps and fiduciary risk often arise. That said, failing to update the Plan Administrator role—the person or entity that is authorized with plan service providers to make decisions related to…

Mergers and Acquisitions

…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…

Everyone Into the Pool? Not So Fast…

…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….

A Brave New Digital World

…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,….

A Few Notes on Bitcoin and Cryptocurrency-Where is it headed?

…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…

Defined Benefit Plan – Annual Actuarial Valuation and Plan Costs

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 –…