Author Archives: admin

OneDigital announced that it had acquired StoneStreet Equity, a retirement plan consulting and wealth management firm in Armonk, New York, with $3.8 billion in assets under advisement. StoneStreet was founded by Robert A. Goldstein and is currently led by principal … Continue reading →

Nevada is the latest state to provide retirement plan coverage for private-sector employees through an Auto IRA program if their employer do not. The bill was signed by Gov. Joe Lombardo (R). The law requires all private sector employers with … Continue reading →

I don’t know if I will ever retire, I think retirement only quickens dementia. 25 percent of non-retired investors aged 55 to 65 are planning to retire later than they had expected, and another 15% don’t think they will ever … Continue reading →

My latest article for JDSupra.com can be found here.

Years ago, any volume submitter plan or non-standardized prototype plan would apply for its own determination letter from the Internal Revenue Service (IRS). Then one day, the IRS tried to cut back on their agent’s workload and said that line-by-line … Continue reading →

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 →