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The DOL Fiduciary Rule Is Here Faster Than We Think

…is made under the Rule, so long as an advisor provides non-discretionary advice and adheres to the DOL’s Best Interest Contract Exemption (BICE). The BICE requires that advice be in the “best interest” of the retirement investor, which includes the standards of prudence and loyalty….

Keeping an Eye on the Ever-Pending Changes to the Fiduciary Standard

…a retirement plan, but must do so solely in the best interest of plan participants and beneficiaries. It is all about disclosure, and making sure that such fiduciaries act in their clients’ best interests. That seems self-evident, but unfortunately is not always the case. Most…

Future of the Fiduciary Rules in a Nutshell

…the definition of who could be classified as a fiduciary. Essentially, under the new rules anyone serving as an ERISA fiduciary has the authority to control and manage the operation of a retirement plan, but must do so solely in the best interest of plan…

“Why It Matters” Before “How It Works”

…have many plan designs and options to offer depending on what we determine may be a best fit for your clients. The temptation is to quote them what they ask for. We think the better approach is to first invest a little time in understanding…

3(16) Fiduciary Services and Why You Should Care

…the plan. The named plan administrator is responsible for many things including: making sure eligibility is determined correctly, making sure that a number of required notices and mailings go out every year, making sure that plan-related payroll is properly processed and more. They are also…

Answering the “Why Us?” Question

…the right words so clients feel like they have a true partner. For example, discuss how and when you partner with attorneys, CPAs, and TPAs and recordkeepers to bring best-in-class service. Communicate how you proactively look for opportunities to optimize participation. Demonstrate how you and

Why Plan Restatements Provide An Ideal Time To Think About Plan Redesign

…than April 30, 2016. The restatement of the plan is also an opportune time to consider implementing progressive plan features—automatic features—that can help drive positive participant behavior to drive more successful outcomes. Current best practices in 401(k) plan design include adding automatic features to help…

Pension Plans as Shareholders

…These proxy voting policies can lead, in some cases, to divestment of companies which are deemed to violate corporate governance best practices. Private pension plans, on the other hand, are governed by Department of Labor (DOL) regulations under the Employee Retirement Income Security Act of…

How to Work with your Pentegra Team

401(k) administration can be challenging…but your Pentegra team is here to help you make it easier! Learn useful information on how to effectively work with your Pentegra team. From easing your administrative burden to understanding best practices in plan benefits, this webinar will introduce you…

Managing QDROs from a Fiduciary Perspective

…be a complex and lengthy process. Navigate these complexities and review the guidelines surrounding QDRO administration, valuation methodology and compliance requirements — including plan, ERISA and tax issues associated with QDROs. Join us as we discuss best practices in managing QDROs from a fiduciary perspective….

Benchmarking Your Organization’s Retirement Plan

While assessing whether or not your plan is in line with the current trends and best practices for retirement plans may be low on your “to do” list, it is important factor when it comes to employee recruiting and retention, and also in meeting your…