Showing entries with the topic “Legislative/Regulatory”.
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Recently, we wrote a Top of Mind post about how the University of California (Cal) took the bold step of adding CITs to its 403(b) plans. For decades, CITs have been the sole domain of annuities and mutual fund products. As we noted, while it’s been known that CITs are a permissible inve…Read more
The University of California 403(b) Plan Changes: Can 403(b) Plans Now Invest in Collective Investment Trusts?
Robert Steyer of Pensions and Investments recently broke the story on the University of California becoming the first (of which we are aware) 403(b) non-church plan sponsor to offer collective investment trusts (CITs) in its 403(b) plan. This development was somewhat surprising, given the fact…Read more
In our most recent issue of Trends that Matter, participant engagement and fiduciary responsibility were the hot issues for retirement plan sponsors. While those trends remain current, others have emerged that should be top of mind with plan sponsors. The nonprofit sector is reacting …Read more
On June 29th, while you were no doubt busy preparing for the Fourth of July holiday, the Department of Labor (DOL) decided it would be a good time to issue yet another request for comment on the fiduciary rule. Releasing items on a Friday, or just in advance of a holiday weekend, has been a co…Read more
If I had consulted with my Magic 8-ball last week, given the previous comments by newly appointed Secretary of Labor Alexander Acosta, it probably would have stated that “signs point to yes” with respect to a delay in the June 9th initial applicability date of the Fiduciary Rule. …Read more
My colleague, Jeff Snyder, recently appeared on an Asset TV panel to discuss the implications of President Trump’s first 100 days in office on retirement plans (for those concerned about the future landscape of retirement plans, I strongly suggest a viewing). The discussion highlights many of the re…Read more
On my new Twitter Feed, I post the best retirement content I see every day, so that you don’t have to read every article that arrives in your inbox. One of my recent posts happened to come from my colleague, Jeff Snyder, who was fortunate enough to sit down with Preston Rutledge, Tax and Benef…Read more
In an environment of increased fiduciary litigation, advisors and other service providers have ramped up their marketing efforts to provide risk management services to plan sponsors. Such efforts have resulted in plan sponsor confusion as to the type of services that are being offered, as well as th…Read more
My colleague, Jeff Snyder, recently interviewed Lisa Massena, Executive Director of the Oregon Retirement Savings Plan. As you may be aware, Oregon is the first state in the nation to roll out a state-run auto-IRA program. The first employers will adopt the program this July, in pilot form. …Read more
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’…Read more