Monthly Archives: July 2023

It looks like we may see a new fiduciary proposal this August, said the Department of Labor (DOL) in its Spring Regulatory Agenda. As Yogi Berra would say: “It’s de ja vu all over again.” The DOL agenda includes a … Continue reading →

When the Internal Revenue Code was amended in 2006 to add Automatic Enrollment with fiduciary protection, I was for it. If we could get participants to save passively, maybe they would decide to be active participants and increase their contributions. … Continue reading →

Another BlackRock Target Date Fund case, that was alleging that plan sponsors “chased” low fees and disregarded poor performance has been thrown out. These suits have also been filed on behalf of participants in the 401(k) plans of Citigroup Inc., … Continue reading →

Registered Investment Advisor firm SageView Advisory Group sadd that it has acquired two of the founders and managing partners of San Diego-based Retirement Benefits Group (RBG. The RBG team is a retirement plan consulting group with $5.2 billion in assets … Continue reading →

According to an updated version of its 2021 whitepaper, Capitalize has found that forgotten accounts have grown by 20% in the last two years. As of May 2023, according to their study, there are an estimated 29.2 million forgotten or … Continue reading →

My latest article for JDSupra can be found here.

Employee Fiduciary, announced the launch of its Small Business 401(k) Tax Credit Calculator. This tool is specifically designed to help small businesses calculate their potential savings and estimate their 401(k) plan costs by leveraging new SECURE 2.0 tax credits. SECURE … Continue reading →

Inflation is causing pain in the pocketbook and hardship distributions show that. Fidelity found that 2.4 percent of 22 million people with retirement accounts in its system took hardship withdrawals in the final quarter of 2022, up half a percentage … Continue reading →

The Department of Labor (DOL) is contesting a lawsuit filed by a coalition of 25 state attorneys general that challenged its 2022 ESG regulation. The lawsuit claims that the 2022 Rule “undermines key protections for retirement savings of 152 million … Continue reading →

Cetera is acquiring The Retirement Planning Group (TRPG), a registered investment advisory (RIA) firm that has $1.4 billion in assets. Leadwood, Kansas-based TRPG provides tax solutions and payroll and bookkeeping services to 1,825 high-net-worth individual investors, families, and retirees, and … Continue reading →