Category Archives: Retirement Plans

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

With a planned merger with SunTrust, BB&T tied up a loose end by agreeing to a $24 million settlement on a class action lawsuit filed against them over their 401(k) plan. The lawsuit alleged that BB&T breached its fiduciary duties … Continue reading →

You will hear about how certain retirement plan providers have won awards. Awards are impressive, but sometimes they’re not. You have to be wary as to who gave the award and what the award really means, You also shouldn’t just … Continue reading →

After Lorne Michaels left with the original cast of Saturday Night Live in 1980, they hired Jean Doumanian as Executive Producer who had limited work with the original cast a producer of the show. She along with most of that … Continue reading →

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

T. Rowe Price has released its annual participant data benchmarking report, which shows mixed results for participants in 2018. The average deferral rates reached a 10-year high of 8.6%, outstanding 401(k) loans fell to a nine-year low of 22.5% and … Continue reading →

Secretary of Labor Alexander Acosta indicated that the Department of Labor will try to roll out a new fiduciary rule, in coordination with the Securities and Exchange Commission’s rollout of their own version of a fiduciary rule. Acosta announced these … Continue reading →

My newsletter for retirement plan providers can be be found here.

As Congress and the Department of Labor (DOL) still keep the status of open multiple employer plans in legal limbo, individual states are still going ahead with state-run programs. New Jersey has become the sixth state to pass legislation requiring … Continue reading →

With May here, plan sponsors and plan provider may not be aware of an Internal Revenue Service (IRS) deadline that isn’t that far off. All organizations that sponsor 403(b) retirement plans must restate their plan documents by March 31, 2020, … Continue reading →