Archive | January, 2012

Advisers often offer bad advice just to keep good clients happy: Matson

January 31, 2012

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Mark Matson shows how investors don’t need to know everything about investing they only need to know the right things. Mr Matson talks the talk AND walks the walk. Investors will reach their long term financial goals by following a prudent investment process. My experience in watching a lot of advisers is they will do […]

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New ERISA Definition of Fiduciary Alive and Kicking

January 31, 2012

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There was an immediate and strong reaction from the financial investment community when the DOL’s Employee Benefits Security Administration (EBSA) proposed new regulations to update and expand the definition of fiduciary. However, Phyllis Borzi, Asst. Secretary of Labor for EBSA, made it very clear as the keynote speaker at the 2012 Los Angeles Benefits Conference that a new definition of fiduciary was not a dead issue…
Related posts:

  1. ASPPA Clarifies Its Position on Proposed Definition of Fiduciary Regulation Brian Graff, executive director/CEO of ASPPA, releases a statement regarding…
  2. ASPPA Issues Clarification on Proposed Definition of Fiduciary Regulation ASPPA CEO Brian Graff issues a statement clarifying ASPPA’s position…
  3. ASPPA Testifies on Definition of Fiduciary at DOL The following is a statement from Brian Graff, executive director…

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Are Target Date Funds The Answer?

January 31, 2012

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Target date funds have become popular with 401(k) plans (defined contribution) because of their simplicity. Based on the participant’s age a projected retirement date is determined, for example a 37 year old will retire at 65 in 2040. Therefore this participant would choose the 2040 portfolio and as the participant ages the portfolio would automatically […]

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Should You Take A Loan from Your 401(k)?

January 31, 2012

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In August 2011, Rex talked about reasons to take a loan from your 401(k) plan. Hopefully you also noticed the caveat at the bottom that all financial situations are different, so Continue reading

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Employment-DOL Proposes To Amend FMLA Regulations To Expand Rules On Military Family Leave

January 31, 2012

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According to a News Release (dated 1/30/12), the U.S. Department of Labor (the "DOL") has proposed amendments to the regulations under the Family and Medical Leave Act (the "FMLA") which will expand military family leave provisions and incorporate a special…

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Fiduciary Links: 403(b) Compliance Summit Report a must read for all retirement plan professionals

January 30, 2012

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>>>>An article in PLANSPONSOR this week alerted us to the release of a report from ASPPA’s National Tax Sheltered Accounts Association’s 403(b) Compliance Resolution Summit. The purpose of the summit is to “identify service issues and develop best practices for…

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Benchmarking: The Key to a 401k Plan Sponsor’s Fiduciary Compliance Review

January 30, 2012

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Without a benchmark analysis of their company sponsored retirment plan, plan sponsors will not be competitve for top talented employees. The trend is for employees to take a serious look at the quality of employee benefits offered by their prospective employer as well as its competitors. The retirement plan offered must provide the employee with […]

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Majority of Plan Participants Lost on Retirement Planning, Seek Direction From Employers

January 30, 2012

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The most efficient solution for plan participants is a professionally managed risk adjusted globally diversified portfolio. This portfolio is best when it is automatically assigned based on age. Each employee can then determine the correct level of risk for their particular circumstance and make a change to the appropriate portfolio.. The final alternative would be […]

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ERISA-Ninth Circuit Rules That, Since The Plaintiff Has A Colorable Claim To Benefits, A District Court Has Subject Matter Jurisdiction Over The Suit And May Hear The Case

January 30, 2012

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In Leeson v. Transamerica Disability Income Plan, No. 10-35380 (9th Cir. 2012), the plaintiff, Jack Leeson ("Leeson"), filed this case against the defendant, Transamerica Corporation ("Transamerica"), under ERISA to challenge the termination of his long-term disability ("LTD" ) benefits. The…

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Bad Math Is Still Bad Math

January 26, 2012

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Recent comments in Smart Money’s Encore blog—“How much do 401(k) Plans Cost the Government,” (1.25.12) incorrectly characterizes estimates of retirement savings tax expenditures made in “Retirement Savings and Tax Expenditure Estimates” a research paper prepared for the American Society of Pension Professionals & Actuaries (ASPPA).
Related posts:

  1. ASPPA Study Says Bad Budget Math Targets 401(K) Plans Proposals to scale back or eliminate retirement savings incentives in…
  2. Gang of Six Plan Reference to Retirement Savings Based on Fuzzy Math ASPPA CEO issues a statement on the Deficit reduction proposal…
  3. Research Shows Promoting Electronic Delivery of Retirement Documents Benefits Participants Academics urge the Department of Labor (DOL) to allow defined…

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