Top of Mind


16

Feb 2017

Some "Top of Mind" Thoughts on the Fiduciary Rule Delay

While Trump’s Presidential Memorandum requesting the Secretary of Labor to analyze the Fiduciary Rule was not a direct request for a delay in the applicability date, his directive had the same effect. We are covering the delay extensively, most recently in this Compliance Alert as well as next week’…

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09

Feb 2017

Hey Everyone, I'll be Tweeting!

In our effort to improve upon reader experience, I am excited to announce a few developments on which I have been working for some time. First, I will soon be using Twitter to share my Top of Mind thoughts in 140 characters or less.  Follow @MikeWebb_CRG to see my latest observations and tho…

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01

Feb 2017

From the Archives: A Retirement Recordkeeper Consolidation Revisited

This edition of From the Archives is an oldie, but a goodie! Over ten years ago, I wrote an article for the Journal of Retirement Planning regarding an amazingly successful recordkeeper consolidation at one of our clients, South Jersey Healthcare.  Much has changed since the article was writ…

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26

Jan 2017

Tools You Can Use: That401ksite

In short, I have seen the future of retirement plan websites, and its name is that401ksite.Okay, perhaps Ary Rosenbaum, a prominent retirement plan attorney at The Rosenbaum Law Firm, P.C., is not quite to retirement websites as what Bruce Springsteen was to the future of rock and roll, but if I wer…

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19

Jan 2017

Is This the Beginning of the End for Revenue Sharing?

A number of recent articles have opined that revenue sharing is being eliminated by some large plan sponsors, and that small and mid plan sponsors may follow. With a number of mutual fund families introducing zero-revenue sharing share classes of funds where none existed previously, some have even s…

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12

Jan 2017

Is Your Recordkeeper Seeing the Entire Field?

Recently, I had the privilege of watching the football team of my alma mater, Northwestern University, play in the Pinstripe Bowl at Yankee Stadium.  It was the first college football game I have attended since I graduated a long time ago. I have, however, seen my alma mater play football ma…

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05

Jan 2017

New Year's Resolutions

One thing that I have learned in my 25 years at Cammack Retirement Group is that, well, I am always learning!  In that light, I wanted to share my personal New Year’s resolutions as to how I hope to learn and grow in 2017: I resolve to talk less and listen more.  When you’ve spent as mu…

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22

Dec 2016

Santa Responds!

It’s his busiest time of year, but Santa managed to respond to my letter from last week: Dear Michael: Greetings from the North Pole!  While I do not normally provide written responses to the huge volume of letters that I receive this time of year, your letter was, shall I say, a b…

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15

Dec 2016

My Letter to Santa

Dear Santa: Though I am not one to toot my own horn, I suspect that, based on my overall activity as a retirement plan consultant and our firm’s client satisfaction scores from the past year, I am a solid candidate for your year-end “nice” list.  As such, I would like to make the following h…

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08

Dec 2016

What’s All This Fuss About Church Plans?

One of the leading areas of retirement plan litigation of late involves religious hospitals that are being sued over the “church plan” status of their pension plans.  The lawsuits are complicated, but the fact pattern is generally the same: a religious healthcare organization has claimed “churc…

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