by Matthew Spay | May 4, 2017 | Blog
At a recent Western Pension Benefit Council/ASPPA Conference the new Fiduciary Rule was reviewed. The new Fiduciary Rule (definition) has come under significant criticism by many industry groups and Congress, some of whom brought litigation to redefine and suspend the...
by Matthew Spay | May 2, 2017 | Blog
As retirement plan consultants we strongly encourage our clients to formally establish a retirement plan committee. The establishment of a committee may be formalized by adopting a Committee Charter. This document helps to protect the named fiduciary, typically the...
by Matthew Spay | Apr 27, 2017 | Blog
Last month we featured the first part of our Q&A series. Now enjoy the final five questions and wrap-up. After years of proposed regulation issuance, comment periods, drafting and anticipation, the Department of Labor (DOL) finally published final guidance...
by Matthew Spay | Apr 25, 2017 | Blog
The payment of expenses by an ERISA plan (401(k), defined benefit plan, money purchase plan, etc.) out of plan assets is subject to ERISA’s fiduciary rules. The “exclusive benefit rule” requires a plan’s assets be used exclusively for providing benefits. ERISA also...
by Matthew Spay | Apr 20, 2017 | Blog
From August 27, 2015-January 31, 2016, OneAmerica® fielded an online survey to visitors to its participant website to better understand retirement planning and personal finance behaviors and what resources might be most effective in helping plan participants prepare...
