…by or who experience financial consequences as a result of COVID-19. Key Provisions Impacting the Retirement Industry Expands the definition of permissible distributions from retirement plans Increases plan loan limits Temporarily Waives Required Minimum Distribution Rules (RMDs) for calendar year 2020 Provides Funding Relief for…
Caution: Merging bills ahead! The House and Senate are closer to reaching common ground on retirement industry legislation the industry has named “SECURE 2.0”. Congress is scrutinizing and synthesizing the latest iterations of the following three bills: 1. Securing a Strong Retirement Act (SSRA) 2….
A review of the multiple proposals Congress is currently considering that have the potential to dramatically reshape the retirement plan marketplace….
…easily quantified than things like expertise and quality and the care of consulting that we deliver together. When cost is the primary driver, benchmarking is a pretty straightforward quantitative analysis. When you’re prospecting it’s an offensive strategy as you invite employers to look at potential…
Your TPA Partner Can Help You Win Business When it comes to the administration of retirement plans, most TPAs can execute the work pretty competently. And while there are differences in quality of process and internal expertise, most of this is technical work that happens…
…can structure plan costs? Everyone wants to keep costs in check. But when you’re up-front about fees, clients will understand the benefits of paying for features such as better customer service, safe harbor, AND your expertise. It’s all about asking the right questions so that…
…known as the Savings Association Retirement Fund, reflecting that, by then, it also served the savings industry. Expanding its original mission, the company grew to serve the needs of all thrifts and savings institutions and the organizations serving them. Community-based savings and loan associations, thrift…
Mergers and Acquisitions Everyday companies large and small make decisions to combine forces. In fact, in 2017, more than 15,000 companies announced a merger or an acquisition. And it probably won’t surprise you, but M&A activity spans all major industry sectors and nearly all geographies….
It’s All About Relationships There are many industry stats about 401k “sales.” Perhaps you have your own. It’s natural to talk in terms of lead generation and sales funnels and qualifying questions and, of course, closing. But, when you get down to it, it’s not…
…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…
…And we know this limits our ability as industry professionals to collaborate with companies to help their employees create good retirement outcomes. In this environment, it’s essential to try to help people learn how to think more critically about how they spend their money, how…
…about their future. So, why are YOU a good choice to help them get there? The key is to focus on your understanding of these important challenges and how you partner with other industry experts to deliver real value. Sometimes it’s as simple as choosing…