In its latest round of FAQs, the DOL clears up retirement plan advisors' confusion around 408(b)(2) disclosures and recommendations to increase contributions and plan participation. Earlier this month, Diana Britton with Wealth Management magazine, reported on the Department Of Labor's release of a new round of Frequently...
Tracking down the valid claims In a recent blog post, ERISA attorney Carol Buckmann ran down some recent court decisions on these cases: Putnam Investments defeated a claim that putting its own funds in its 401k plan was imprudent. Voya was released dismissing claims based on...
A recent article by Marcia S. Wagner in Investment News brought to light a district court decision that has implications for how retirement plan sponsors should monitor their adviser. Employee Retirement Income Security Act of 1974, Section 405(d)(1), provides that if a named fiduciary appoints an investment manager to...
Plan Sponsor reports that employees of Northrop Grumman have reached an agreement with their employer to resolve claims in the long-running matter of In re Northrop Grumman Corp. ERISA Litigation, a class action lawsuit initially filed back in 2006. The case involves a classic example of an ERISA...
[caption id="attachment_1509" align="alignright" width="300"] Now is not the time to become complacent[/caption] Fiduciary News published an interview with Charles Field on June 20, 2017, that drove home the point --- plan sponsors, service providers, and retirement fiduciaries in general should not become complacent at the cusp of a...
I caught up with Troy Tisue the other day to ask him a question, "Why should you hire a 3(16)?" That's a topic we've been asking a lot lately to make sure TAG Resources is giving you the most thorough and complete reason to do so. Here's...
Retirement plan protection begins with selecting the right partners for your business. With well-known partners, TAG Resources connects plan sponsors, financial advisors, and wealth management professionals to the best in the business to begin building the layer of protection needed for your retirement plan. One area where...
Staying compliant is about having expert knowledge of the rules that govern the day–to-day operations of your 401(k) plan. This requires: having the time to keep up with all the changing regulations, being prepared to meet with the Department of Labor (DOL) or Internal Revenue...
Don't you love it when a good plan finally comes together? Some good things take time, but when hard work and well thought out plans finally come to fruition, the payoff can be so sweet. Today, bipartisan legislation was introduced into the US House and Senate...
MEPs are making a comeback. It is hard to not talk about MEPs, in fact. In the retirement plan industry, the allure of MEPs is simple: they are easy to sell. And sales, my friends, is what drives this industry. So why are they easy to sell? Because in an...