Top of Mind


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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01

Dec 2016

Recordkeeping Fee Allocation

My colleague Earle Allen recently wrote an article on the latest trends in fee allocation.  As plan sponsors address the increasingly important issue of whether recordkeeping expenses should be paid as a percentage of assets, a fixed-dollar fee, or a combination of both, I wanted to provide som…

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23

Nov 2016

Thanksgiving Edition

As we prepare for the Thanksgiving Holiday, there are many things for which I am thankful. While most have absolutely nothing to do with retirement plans, I thought I would share the ones that are retirement-related: 403(b) plan sponsors are eliminating the 15-year catch-up election in droves &md…

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17

Nov 2016

Trump and DOL Fiduciary Rule Déjà Vu

When it became clear that Donald Trump had been elected as our next president, I imagine that the first thought for many was, “What is going to happen to the DOL Fiduciary Rule?” Okay, maybe that was not quite the first thought!

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10

Nov 2016

Trends that Matter

In the most recent issue of Trends that Matter, cheaper fund share classes, fixed/stable value funds and target date fund analysis were the hot issues among retirement plan sponsors. While these trends remain current, others have emerged that should be Top of Mind with plan sponsors:Plan sponsors ar…

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03

Nov 2016

A Closer Look at the 2017 Retirement Plan Limits

By now, you are likely aware of the 2017 retirement plan contribution, compensation, and testing limits. But what are the practical implications to retirement plan sponsors?  In this edition of Top of Mind, we take a closer look at the numbers and what they may mean to you. It was an odd yea…

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27

Oct 2016

Time Management

Overwhelmed?  Not enough hours in the day to even THINK about your tasks, let alone to actually accomplish them?  Chances are that the answer is a resounding “Yes.”    I am in a similar situation!  However, I do manage to get quite a bit done each week – includi…

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19

Oct 2016

My 5500s Are Complete - Now What?

If you are an ERISA plan sponsor, you most likely just completed the annual 5500 filing process, which, for many of you, is the retirement plan equivalent of going to the dentist.  Now, at this juncture, I know that probably the LAST thing on your mind is next year’s 5500 filing(s), but I wante…

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