Click to edit Master title style New Ballgame for 401k Plans

Size: px
Start display at page:

Download "Click to edit Master title style New Ballgame for 401k Plans"

Transcription

1 Click to edit Master title style New Ballgame for 401k Plans Is Your Plan Advisor an Asset or Liability? Speakers: Ty Parrish Senior ERISA Consultant Blue Prairie Group Michael Rom Senior ERISA Consultant Blue Prairie Group 1

2 Agenda» What are the dramatic shifts transforming ERISA retirement plans?» How are leading plan advisors adapting in the new environment to help plan sponsors create successful plans?» What s reasonable compensation for advisory services? 2

3 Big Shift in Expectations 35 year report card Pretty Mixed Results Strengths» Dominant savings vehicle» Accumulation of assets» Individual control and benefit Weaknesses» Failure to provide adequate retirement security» Difficulty converting savings into secure, predictable lifetime income» Participant burden and responsibility (poor decisions, ill equipped) 3

4 Shift in Metrics Defining Success The Early Years 1980s to Early 1990 s Rapid Growth 1990s to Early 2000 s Market Maturity 2010 to Present Awareness» Good to have» No transparency» No oversight» Delivered by benefit brokers We offer a savings plan Major Expansion» Must have» Proprietary» More is better» Rise of the investment consultant Better investment performance 4 Extreme Makeover» Massive government activism and scrutiny» Increased litigation & complex environment» Emergence of specialized ERISA advisory firms» Simplicity of plan design Holistic, being defined

5 Fundamental Shift in Sponsor Engagement 5

6 New DOL Rule Focus on Advisory Component» Fiduciary standard creates uniform standard of care (client best interest)» Eliminate or disclose potential conflicts» Prohibits commissions unless disclosed and adhere to fiduciary standard» Charge no more than reasonable compensation» Enforcement? 6

7 I have a Plan Advisor What s all the fuss?» Increased Litigation» DOL Regulation and Audits» Delayed Retirements» Impact of Behavioral Finance Is your Advisor Adapting? 7

8 What Employers Want» Minimize my Risk» Minimize my Workload» Help us Build a Word Class Retirement Plan» Help our Employees Retire on Time» Be our Trusted Advisor on All Aspects of our Retirement Plan 8

9 How Specialists Are Making Difference Holistic Approach Optimized Investment Menus Foundation of Strong Fiduciary Governance Fiduciary Advocate Focused on Participant Outcomes Behavioral Finance in Plan Design Full Transparency 9

10 Best Practice to Minimize Liability Benchmark All Service Provider Fees and Services Every 4-6 years Every 2-3 years Every 1-2 years 10

11 Administrative Cost (bps) Best Practice to Minimize Liability Understand Your Fee Structure UNLEVEL FEES STRUCTURE Cost of Recordkeeping LEVELIZED Cost of Recordkeeping A B C D E F G H Participants A B C D E F G H Participants 11

12 Best Practice to Increase Fiduciary Protection Conduct a Fiduciary Review Fiduciary Duties:» Follow the Plan Document» Select and Monitor Service Providers» Select, Monitor and Diversify Investments» Avoid Unnecessary Expenses» Make Informed Decisions Document, Document, Document! 12

13 Best Practice to Improve Retirement Readiness Opt-out Plan Design Opt-in vs Opt-out 12% 99% Donate Organs Donate Organs Source: American Century Participant Study

14 Best Practice to Improve Retirement Readiness Auto Escalation This illustration shows the impact of adding an auto escalation feature of 1% per year up to 12% of pay for a 35 year old employee with a $50,000 salary and a 3% contribution. Source: BlackRock Future in Focus. 14

15 Best Practice to Improve Retirement Readiness Target Date Fund Re-enrollment STANDARDIZED FIVE-YEAR RETURNS: HIGHS, LOWS AND MEDIANS BY INVESTMENT STRATEGY 30% 25% 25.0% 25.5% 20% 18.8% 15% 10% 5% 10.0% 14.2% 13.3% 11.7% 0% 1.8% -5% -2.3% Target Date Funds Core Menu Brokerage Window Source JP Morgan Investment Management as of

16 Evolution of Advisory Fees Commission arrangements have dropped dramatically over the past decade from 75% to less than 36% today. PAST PRESENT» Assets Based Commissions or Fees» Hidden in Investments no connection to services and potential for excessive compensation» Revenue Sharing» Flat Fee Basis» Complete Transparency direct relationship to services provided» Zero Revenue Sharing 16

17 What s a Reasonable Fee to Pay Your Advisor? Assets (Millions) *Low Range *High Range $ 10 MM $22,500 $29,000 $ 30 MM $31,000 $60,000 $ 50 MM $29,000 $70,000 $ 70 MM to 90 MM $40,000 $104,000 $ 100 MM to150 MM $39,000 $105,000 $ 150 MM to 200 MM $42,000 $120,000 17

18 Wrap Up» Dramatic shifts transforming ERISA retirement plans» How leading plan advisors adapting to help plan sponsors create successful plans» Defining What s reasonable compensation for advisory services 18

Click to edit Master title style New Ballgame for 401k Plans

Click to edit Master title style New Ballgame for 401k Plans Click to edit Master title style New Ballgame for 401k Plans Is Your Plan Advisor an Asset or Liability? Speakers: Ty Parrish Senior ERISA Consultant Blue Prairie Group Michael Rom Senior ERISA Consultant

More information

DC Best Practices Webinar Series -

DC Best Practices Webinar Series - DC Best Practices Webinar Series - Part 2: Lowering Total Plan Costs, Simplifying Investment Options and Reducing Fiduciary Risk Blue Prairie Group Matt Gnabasik Managing Director October 25th, 2012 Introduction

More information

YOUR 401(k) PLAN MADE EASY RETIREMENT SAVINGS PLAN

YOUR 401(k) PLAN MADE EASY RETIREMENT SAVINGS PLAN YOUR 401(k) PLAN MADE EASY RETIREMENT SAVINGS PLAN As a member of the Association, you instantly access the benefits of leveraged expertise in the construction industry, regulatory representation, and

More information

Roadmap to Understanding Retirement Plan Fees. The only guide you need

Roadmap to Understanding Retirement Plan Fees. The only guide you need Roadmap to Understanding Retirement Plan Fees The only guide you need Executive Summary Retirement plan fees under the spotlight You know there are costs associated with offering a retirement plan, but

More information

Overcome the Increased Scrutiny of Your Organization s Retirement Plan

Overcome the Increased Scrutiny of Your Organization s Retirement Plan Overcome the Increased Scrutiny of Your Organization s Retirement Plan Finance, HR & Business Operations Conference Washington, DC April 30 - May 1, 2013 4/30/2013 Goals for Today s Presentation Understand

More information

PLAN DESIGN STRATEGIES FOR SUCCESS

PLAN DESIGN STRATEGIES FOR SUCCESS PLAN DESIGN STRATEGIES FOR SUCCESS PLAN DESIGN STRATEGIES FOR SUCCESS EXECUTIVE SUMMARY In the past, many financial advisors centered their retirement plan service model around their investment expertise.

More information

Fees, Plan Design and Participant Success Measures

Fees, Plan Design and Participant Success Measures Benchmarks Report Fees, Plan Design and Participant Success Measures AAO Company 401(k) Plan Report Prepared by: Fiduciary Benchmarks Report Generation Date: February 20, 2013 Report Delivered By: John

More information

Fees, Plan Design, & Participant Success Measures

Fees, Plan Design, & Participant Success Measures Benchmarks Report Fees, Plan Design, & Participant Success Measures ABC Company 401(k) Plan Report Provided by: Michael E. Morris, AIF, CRPS Director Institutional Consulting Ross, Sinclaire & Associates,

More information

FIDUCIARY RESPONSIBILITY AND DEFERRED COMPENSATION PLANS

FIDUCIARY RESPONSIBILITY AND DEFERRED COMPENSATION PLANS FIDUCIARY RESPONSIBILITY AND DEFERRED COMPENSATION PLANS November 2017 June 9, 2017 Presented by: Frank Wan Senior Vice President Presented by: Frank Wan, Senior Vice President Burgess Chambers & Associates,

More information

How to Have the Best Group Practice Retirement Plan

How to Have the Best Group Practice Retirement Plan How to Have the Best Group Practice Retirement Plan [Editor s Note: This is a guest post from Konstantin Litovsky, a blog advertiser and the founder Litovsky Asset Management, a wealth management firm

More information

CHOOSE TO SIMPLIFY... AND IMPROVE... YOUR COMPANY RETIREMENT PLAN

CHOOSE TO SIMPLIFY... AND IMPROVE... YOUR COMPANY RETIREMENT PLAN CHOOSE TO SIMPLIFY... AND IMPROVE... YOUR COMPANY RETIREMENT PLAN TM By choosing ECCA PayrollPlus, you instantly access the benefits of leveraged expertise in payroll & tax administration. Now do the

More information

401(k)omplete. Offering a 401(k) Has Never Been Easier

401(k)omplete. Offering a 401(k) Has Never Been Easier 401(k)omplete The Small Market Solution from Paychex Retirement Services and LPL Financial Offering a 401(k) Has Never Been Easier The Small Market Solution Preparing for retirement is complex. Paychex

More information

Plan Design Guide. A new framework to help benchmark and enhance defined contribution plan effectiveness

Plan Design Guide. A new framework to help benchmark and enhance defined contribution plan effectiveness Plan Design Guide A new framework to help benchmark and enhance defined contribution plan effectiveness What is your plan s profile? Based on an extensive research study on how plan sponsors make plan

More information

Strategies for the Successful Design and Management of a Tribal 401(k) National Indian Gaming Convention April 2011

Strategies for the Successful Design and Management of a Tribal 401(k) National Indian Gaming Convention April 2011 Strategies for the Successful Design and Management of a Tribal 401(k) National Indian Gaming Convention April 2011 What we re going to talk about today Government or ERISA Plan? Why do we care? How do

More information

Retirement Plan Fundamentals Zero to Sixty. Todd Kading, CFP, ChFC, RF LeafHouse Financial Advisors

Retirement Plan Fundamentals Zero to Sixty. Todd Kading, CFP, ChFC, RF LeafHouse Financial Advisors Retirement Plan Fundamentals Zero to Sixty Todd Kading, CFP, ChFC, RF LeafHouse Financial Advisors Meet Our Speaker Todd Kading Managing Director LeafHouse Financial Advisors Top 10 Most Dependable Wealth

More information

Benefit from a new fiduciary approach

Benefit from a new fiduciary approach RUSSELL INVESTMENTS DEFINED CONTRIBUTION FIDUCIARY OUTSOURCING SERVICES Benefit from a new fiduciary approach INVESTED. TOGETHER. New challenges require new solutions In a world where many employees will

More information

Comprehensive Retirement Plan Services Presented Exclusively for: Sample Corporation

Comprehensive Retirement Plan Services Presented Exclusively for: Sample Corporation Comprehensive Retirement Plan Services Presented Exclusively for: Sample Corporation Today s Agenda Who we are Our mission, values, and team Scope of services Due diligence, education, fiduciary fitness,

More information

Rethinking. the defined contribution core investment line-up. Better choices can lead to better outcomes

Rethinking. the defined contribution core investment line-up. Better choices can lead to better outcomes Rethinking the defined contribution core investment line-up Better choices can lead to better outcomes Despite the changes in the defined contribution (DC) industry over the past 30 years, the typical

More information

Plan Sponsor Fee Disclosure

Plan Sponsor Fee Disclosure Plan Sponsor Fee Disclosure Standard Retirement Services, Inc. Overview Full, clear disclosure of all fees associated with qualified retirement plans has long been a goal of the Department of Labor (DOL).

More information

MINIMIZING RISK AND MAXIMIZING OUTCOMES

MINIMIZING RISK AND MAXIMIZING OUTCOMES MINIMIZING RISK AND MAXIMIZING OUTCOMES BASIC REQUIREMENTS AND BEST PRACTICES FOR TODAY S PLAN SPONSORS APRIL 2010 The emerging retirement agenda in Washington seeks to expand retirement plan participation,

More information

IMPROVING PARTICIPANT OUTCOMES: AN ACTION PLAN FOR PLAN SPONSORS

IMPROVING PARTICIPANT OUTCOMES: AN ACTION PLAN FOR PLAN SPONSORS IMPROVING PARTICIPANT OUTCOMES: AN ACTION PLAN FOR PLAN SPONSORS By Carol A. Idone, CFP, AIF www.hanysbenefits.com 2013 HANYS Benefit Services. All rights reserved. 1 Contents Intro 2 Changing Times 3

More information

The Nuts and Bolts of Public Defined Contribution Plans. Presented by: Jacob Peacock Director of Retirement Solutions

The Nuts and Bolts of Public Defined Contribution Plans. Presented by: Jacob Peacock Director of Retirement Solutions The Nuts and Bolts of Public Defined Contribution Plans Presented by: Jacob Peacock Director of Retirement Solutions Today s Topics Under Pressure Retirement Industry Trends What s Love Got To Do With

More information

UNDERSTANDING 401(k) PLAN FEE STRUCTURES AND INVESTMENT TRENDS

UNDERSTANDING 401(k) PLAN FEE STRUCTURES AND INVESTMENT TRENDS UNDERSTANDING 401(k) PLAN FEE STRUCTURES AND INVESTMENT TRENDS Presentation for the Plan Sponsor Council of America s 68th National Conference Holly Verdeyen, CEBS, Director, Defined Contribution, Russell

More information

Step 4 of the Fiduciary Process: Monitoring the Client Engagement

Step 4 of the Fiduciary Process: Monitoring the Client Engagement Step 4 of the Fiduciary Process: Monitoring the Client Engagement Rich Lynch Fi360 & CEFEX, Director Topics Quantitative and qualitative reviews Fees and expenses Fiduciary reviews Survey Question #1 WHAT

More information

After 408(b)(2): Benchmarking Reasonableness

After 408(b)(2): Benchmarking Reasonableness After 408(b)(2): Benchmarking Reasonableness FRED REISH, ESQ. Fred.Reish@dbr.com www.linkedin.com/in/fredreish April 27, 2012 Plan Expenses under ERISA The fiduciary responsibility rule in ERISA 404(a)(1)(A)

More information

The JULY Retirement Platform A retirement platform for employers seeking a modern retirement plan

The JULY Retirement Platform A retirement platform for employers seeking a modern retirement plan The JULY Retirement Platform is a comprehensive program for employers seeking a modern retirement plan to help employees build retirement security and lower administrative complexity. We offer an open

More information

5/5/2015. Educate, Automate, Delegate. How Did We Get Here? 3 Simple Steps to Better Outcomes for Retirement Plan Participants

5/5/2015. Educate, Automate, Delegate. How Did We Get Here? 3 Simple Steps to Better Outcomes for Retirement Plan Participants Educate, Automate, Delegate 3 Simple Steps to Better Outcomes for Retirement Plan Participants How did we get here? Transition from DB to DC Limited Financial Literacy Individual Investor Underperformance

More information

Advisors Access Bulletin. A plan fiduciary s guide to understanding participant-level fee disclosure under 404(a)5

Advisors Access Bulletin. A plan fiduciary s guide to understanding participant-level fee disclosure under 404(a)5 A plan fiduciary s guide to understanding participant-level fee disclosure under 404(a)5 Overview FOR MILLIONS OF AMERICAN WORKERS who participate in their company s retirement plan, this year s third-quarter

More information

PLANavigator. Presented by: Joel Shapiro, J.D., LL.M. ERISA Compliance

PLANavigator. Presented by: Joel Shapiro, J.D., LL.M. ERISA Compliance PLANavigator Presented by: Joel Shapiro, J.D., LL.M. ERISA Compliance Shifting the Paradigm of Creating Successful Participant Outcomes The goal of a retirement plan is to create successful retirement

More information

Fee Benchmarker For Retirement Plan Advisors Prepared on 10/24/2017.

Fee Benchmarker For Retirement Plan Advisors Prepared on 10/24/2017. Sample Report: To learn more about the Fi360 Fee Benchmarker, contact SALES@FI360.COM or (866) 390-5080 Fee Benchmarker For Retirement Plan Advisors Prepared on 10/24/2017. Prepared For: Sample Organization

More information

Fiduciary Responsibilities and Oversight for Deferred Compensation Retirement Plans

Fiduciary Responsibilities and Oversight for Deferred Compensation Retirement Plans Fiduciary Responsibilities and Oversight for Deferred Compensation Retirement Plans Denise Fortune- Regional Sales Director May 10, 2017 FOR INSTITUTIONAL USE ONLY. Not for public distribution. Discussion

More information

Maximizing Your Defined Contribution Plan. Presented by Colleen Kuehnel, Senior Benefit Plan Advisor Michael Tackett, Benefit Plan Advisor

Maximizing Your Defined Contribution Plan. Presented by Colleen Kuehnel, Senior Benefit Plan Advisor Michael Tackett, Benefit Plan Advisor Maximizing Your Defined Contribution Plan Presented by Colleen Kuehnel, Senior Benefit Plan Advisor Michael Tackett, Benefit Plan Advisor 1 Today s Objectives Risks associated with participant directed

More information

RE: AIC Approach to Retirement Plan Business in Post-DOL Environment (June 9, 2017)

RE: AIC Approach to Retirement Plan Business in Post-DOL Environment (June 9, 2017) Ameritas Investment Corp. Member FINRA/SIPC Date: June 2, 2017 To: AIC Registered Representatives RE: AIC Approach to Retirement Plan Business in Post-DOL Environment (June 9, 2017) The following announcement

More information

MEASURING UP. Best practices in benchmarking 403(b) plans

MEASURING UP. Best practices in benchmarking 403(b) plans MEASURING UP Best practices in benchmarking 403(b) plans Retirement plan oversight is a challenging task for any plan sponsor. For 403(b) plan sponsors, many of whom use multiple vendors, the responsibility

More information

A New Paradigm DELIVERING RETIREMENT BENEFITS TO HEALTHCARE AND HIGHER EDUCATION EMPLOYEES

A New Paradigm DELIVERING RETIREMENT BENEFITS TO HEALTHCARE AND HIGHER EDUCATION EMPLOYEES Q&A PANEL January 2019 Retirement benefits insights to inform your decision-making. A New Paradigm DELIVERING RETIREMENT BENEFITS TO HEALTHCARE AND HIGHER EDUCATION EMPLOYEES The retirement benefits environment

More information

DC Plan Fee Transparency:

DC Plan Fee Transparency: DC Plan Fee Transparency: Fiduciaries Managing Costs Presented by: Linda Ruiz-Zaiko, President Bridgebay Financial, Inc. ruiz-zaiko@bridgebay.com www.bridgebay.com Randy Murphy Manager, Global Equity Plan

More information

WHO ARE YOU CALLING A FIDUCIARY? DIFFERENTIATE YOURSELF HELP YOUR CLIENTS

WHO ARE YOU CALLING A FIDUCIARY? DIFFERENTIATE YOURSELF HELP YOUR CLIENTS October 4, 2017 WHO ARE YOU CALLING A FIDUCIARY? DIFFERENTIATE YOURSELF HELP YOUR CLIENTS Jennifer DeLong Head Defined Contribution, AB This material is provided for informational purposes only and is

More information

PERSPECTIVES ON RETIREMENT

PERSPECTIVES ON RETIREMENT PERSPECTIVES ON RETIREMENT The Power of Plan Wellness Financial wellness is top of mind for many defined contribution plan sponsors who recognize that having participants who are financially secure benefits

More information

Part I: Best Practices for Defined Contribution Plans. DC Best Practices Webinar Series -

Part I: Best Practices for Defined Contribution Plans. DC Best Practices Webinar Series - DC Best Practices Webinar Series - Part I: Best Practices for Defined Contribution Plans Blue Prairie Group Matt Gnabasik Managing Director October 4 th, 2012 Introduction Source: Diversified s Prescience

More information

That s A Wrap! Lessons Learned During the Prior Year Audit Season. May 6, 2014

That s A Wrap! Lessons Learned During the Prior Year Audit Season. May 6, 2014 That s A Wrap! Lessons Learned During the Prior Year Audit Season May 6, 2014 1 PRESENTERS Ryan Koch, CPA, Partner Employee Benefit Plan Audits Ryan.Koch@mossadams.com Silicon Valley, California 408-369-2535

More information

Fred Reish. Los Angeles Century Park East, Ste Los Angeles, CA (310) phone (310) fax

Fred Reish. Los Angeles Century Park East, Ste Los Angeles, CA (310) phone (310) fax Page 1 of 10 Partner Los Angeles 1800 Century Park East, Ste. 1400 Los Angeles, CA 90067 (310) 203-4047 phone (310) 229-1285 fax Fred.Reish@dbr.com C. Frederick Reish is a partner in the firm's Employee

More information

401(k)ollaborate. Helping You Expand Your Retirement Plan Business. For financial advisor or plan sponsor use only. Not for use with the public.

401(k)ollaborate. Helping You Expand Your Retirement Plan Business. For financial advisor or plan sponsor use only. Not for use with the public. 401(k)ollaborate Helping You Expand Your Retirement Plan Business For financial advisor or plan sponsor use only. Not for use with the public. Paychex Working Beside You For over 20 years, advisors have

More information

Contents. Introduction to PSCA s 58th Annual Survey Respondent Demographics Employee Eligibility Participant Contributions...

Contents. Introduction to PSCA s 58th Annual Survey Respondent Demographics Employee Eligibility Participant Contributions... Introduction to PSCA s 58th Annual Survey... 1 Respondent Demographics... 2 Table 1 Respondents by plan size and plan type... 2 Table 2 Respondents by total plan assets and plan type... 4 Table 3 Respondents

More information

Financing Your 401(k) Plan (Original release date July 2011; updated January 2014)

Financing Your 401(k) Plan (Original release date July 2011; updated January 2014) Financing Your 401(k) Plan (Original release date July 2011; updated January 2014) INTRODUCTION & BACKGROUND Participants in 401(k) plans now have access to increased fee disclosure regarding plan administration

More information

Conflict of Interest or Fiduciary Rule: A Plan Sponsor s Q&A Part II

Conflict of Interest or Fiduciary Rule: A Plan Sponsor s Q&A Part II October 2016 HERITAGE INSTITUTIONAL RETIREMENT Report Conflict of Interest or Fiduciary Rule: A Plan Sponsor s Q&A Part II Last month we featured the first part of our Fiduciary Rule Q&A series. Now enjoy

More information

2014 Retirement Webinar Series

2014 Retirement Webinar Series 2014 Retirement Webinar Series Emerging Trends in DC Investments: Learning from the Leaders Alison Borland, Clinton Cary, Winfield Evens Retirement Webinar Series February 19, 2014 1 Agenda Section 1 Section

More information

HOW AMERICA SAVES Vanguard 2017 defined contribution plan data

HOW AMERICA SAVES Vanguard 2017 defined contribution plan data HOW AMERICA SAVES 2018 Vanguard 2017 defined contribution plan data June 2018 Defined contribution (DC) retirement plans are the centerpiece of the privatesector retirement system in the United States.

More information

Retirement Plan Committee Best Practices NACPA

Retirement Plan Committee Best Practices NACPA Retirement Plan Committee Best Practices NACPA Today s Presenter Mike DiCenso, PRP, AIF, LLIF, National Practice Leader Gallagher Retirement Services President GBS Investment Consulting, LLC Gallagher

More information

Brand Name Recognition and Participant-Friendly Provisions

Brand Name Recognition and Participant-Friendly Provisions The Ideal 401(k) Plan SM 7-8 Brand Name Recognition and Participant-Friendly Provisions Savant Participant Success Kit The following is the fifth in a series of six Savant position papers. The mission

More information

401(k)ollaborate. Retirement Services. Helping You Expand Your Retirement Plan Business. For financial advisor use only. Not for use with the public.

401(k)ollaborate. Retirement Services. Helping You Expand Your Retirement Plan Business. For financial advisor use only. Not for use with the public. 401(k)ollaborate Helping You Expand Your Retirement Plan Business Retirement Services For financial advisor use only. Not for use with the public. Paychex Makes It Simple Working Beside You For more than

More information

A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK

A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK PlanAdvisorTools.com A NEW FIDUCIARY RULE FOR THE INVESTMENT ADVICE PLAYBOOK How the DOL s Fiduciary Rule Has Fundamentally Changed Investment Advice for IRAs By Fred Reish - Partner, Drinker Biddle &

More information

The power of plan wellness

The power of plan wellness The power of plan wellness RETIREMENT PERSPECTIVES How can individuals be expected to achieve financial wellness if the primary retirement savings vehicle, the defined contribution plan, is either poorly

More information

Taking the Next Step A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors

Taking the Next Step A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors DC INSIGHTS SERIES Taking the Next Step A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors Summary Plan sponsors invest in their employees: they spend time and resources

More information

RETIREMENT PLAN PANEL DISCUSSION

RETIREMENT PLAN PANEL DISCUSSION You have questions. We have answers. RETIREMENT PLAN PANEL DISCUSSION Moderator Anthony J. Kolenic, Jr. Presenter: John H. McKendry, Jr. Presenter: Justin W. Stemple 2015 Warner Norcross & Judd LLP. All

More information

Taking the Next Step A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors

Taking the Next Step A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors Investment Insights Series A New Approach to Addressing Key Challenges Facing Today s Retirees and Plan Sponsors Summary Plan sponsors invest in their employees: they spend time and resources on costeffective,

More information

PROMOTING PLAN SUCCESS

PROMOTING PLAN SUCCESS PROMOTING PLAN SUCCESS BEST PRACTICES FOR IMPROVING EMPLOYEE RETIREMENT READINESS INSIDE Industry Insights I Trends I Best Practices EVERYONE BENEFITS WHEN EMPLOYEES CAN RETIRE ON TIME This paper provides

More information

IPS RIA, LLC CRD No

IPS RIA, LLC CRD No IPS RIA, LLC CRD No. 172840 RETIRMENT PLAN CLIENTS 10000 N. Central Expressway Suite 1100 Dallas, Texas 75231 O: 214.443.2400 F: 214.443.2424 FORM ADV PART 2A BROCHURE 3/1/2017 This brochure provides information

More information

Overview of Services

Overview of Services A proud member of Retirement Plan Advisory Group Overview of Services From cost control to compliance and counsel to communication presented by RPAG member: Cognis Retirement Group, LLC info@cognisretirementgroup.com

More information

Contents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation...

Contents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation... Executive Summary... 1 Full Data Tables... 14 Respondent Demographics... 15 Table 1 Respondents by plan size and plan type... 15 Table 2 Respondents by total plan assets and plan type... 15 Table 3 Respondents

More information

Not All Retirement Plans Are Created Equal

Not All Retirement Plans Are Created Equal Not All Retirement Plans Are Created Equal Presented by: Jeff A. Acheson, QPFC Partner/Managing Director SD Retirement Plan Solutions Many employers that provide retirement benefits to their employees

More information

ERISA Section 404(c) Compliance support

ERISA Section 404(c) Compliance support FIDELITY FIDUCIARY SUPPORT SERVICES ERISA Section 404(c) Compliance support Helping you manage your fiduciary responsibility and liability for your workplace retirement savings plan Section 404(c) compliance

More information

Overcoming Challenges in the 403(b) Tax Exempt Market

Overcoming Challenges in the 403(b) Tax Exempt Market INSIGHTS Overcoming Challenges in the 403(b) Tax Exempt Market July 2016 203.621.1700 2016, Rocaton Investment Advisors, LLC Rocaton Investment Advisors is pleased to present this Rocaton Insight focused

More information

You recognize that your retirement plan is a critical benefit that can help your company attract and retain quality employees.

You recognize that your retirement plan is a critical benefit that can help your company attract and retain quality employees. ederated You recognize that your retirement plan is a critical benefit that can help your company attract and retain quality employees. Beyond Gravity Federated s Beyond Gravity toolkit helps financial

More information

DIRECT REAL ESTATE IN DC PLANS: KEY PRINCIPLES FOR PRODUCT STRUCTURES & INVESTOR ELIGIBILITY

DIRECT REAL ESTATE IN DC PLANS: KEY PRINCIPLES FOR PRODUCT STRUCTURES & INVESTOR ELIGIBILITY 1 DIRECT REAL ESTATE IN DC PLANS: 10 KEY PRINCIPLES FOR PRODUCT STRUCTURES & INVESTOR ELIGIBILITY OVERALL GOALS OF PRODUCT STRUCTURE Compatibility with the needs of the DC market and record keeper systems,

More information

401(k) Fees and Fiduciary Responsibility

401(k) Fees and Fiduciary Responsibility T. ROWE PRICE 401(k) Fees and Fiduciary Responsibility What Plan Sponsors Need to Know Retirement Insights EXECUTIVE SUMMARY In recent years, market events have made many 401(k) participants more sensitive

More information

A World of Change and Opportunity in 401(k) Plans

A World of Change and Opportunity in 401(k) Plans A World of Change and Opportunity in 401(k) Plans Steven Kaye, CFP, ChFC, CLU, CEBS, RHU, AAMS, CRC, AIF President AEPG Wealth Strategies 25 Independence Blvd. Suite 102, Warren, NJ 07059 Phone: 908-757-5600

More information

Fees, Plan Design and Participant Success Measures

Fees, Plan Design and Participant Success Measures Benchmarks Report Fees, Plan Design and Participant Success Measures ABC COMPANY 401(K) PLAN (w/advisor Services Summary) Report Provided by: Jane Jones Acme Consulting, Inc. jjones@acmeconsulting.com

More information

How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It

How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It January 2016 Investment advice and consulting services provided by Aon Hewitt Investment Consulting, Inc., an Aon

More information

Unblurring the Lines: Understanding the Roles of Investment Providers

Unblurring the Lines: Understanding the Roles of Investment Providers Unblurring the Lines: Understanding the Roles of Investment Providers Workshop 32 Monday, October 19, 2015 2:15 p.m. 3:30 p.m. Speaker: Virginia Sutton, QKA 1 Investment Provider Roles This session will

More information

Fee Disclosure in Defined Contribution Retirement Plans: Background and Legislation

Fee Disclosure in Defined Contribution Retirement Plans: Background and Legislation Fee Disclosure in Defined Contribution Retirement Plans: Background and Legislation John J. Topoleski Analyst in Income Security January 29, 2010 Congressional Research Service CRS Report for Congress

More information

How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It

How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It How 403(b) Plans are Wasting Nearly $10 Billion Annually, and What Can Be Done to Fix It January 2016 Investment advice and consulting services provided by Aon Hewitt Investment Consulting, Inc., an Aon

More information

Retirement Plans: Challenges, Litigation and Trends

Retirement Plans: Challenges, Litigation and Trends Public Retirement Plans: Challenges, Litigation and Trends Jon Willhite, CIMA Senior Institutional Consultant Senior Retirement Plan Consultant UBS Institutional Consulting Group 10001 Woodloch Forest

More information

It's time for better...

It's time for better... 4 0 1(k) M A N A G E M E N T a n d Q U A L I F I E D P L A N S E R V I C E S It's time for better... P R O P R I E T A R Y M O D E L P O R T F O L I O S U S I N G E T F s I N T E N S I V E P A R T I C

More information

RK Access TPA Service Platform

RK Access TPA Service Platform RK Access TPA Service Platform Innovative Technology Innovative Solutions Looking to Reduce Costs While Retaining Control? Is for you. Imagine the possibilities as you satisfy clients retirement plan needs

More information

TARGET DATE COMPASS SM EVALUATE AND SELECT TARGET DATE FUNDS WITH GREATER KNOWLEDGE AND CONFIDENCE SM

TARGET DATE COMPASS SM EVALUATE AND SELECT TARGET DATE FUNDS WITH GREATER KNOWLEDGE AND CONFIDENCE SM TARGET DATE COMPASS SM EVALUATE AND SELECT TARGET DATE FUNDS WITH GREATER KNOWLEDGE AND CONFIDENCE SM Helping plan sponsors navigate an increasingly complex path SELECTING A TARGET DATE FUND CAN BE ONE

More information

Slicing and dicing retirement plan fees: Allocation consideration for plan sponsors

Slicing and dicing retirement plan fees: Allocation consideration for plan sponsors Slicing and dicing retirement plan fees: Allocation consideration for plan sponsors Vanguard commentary December 2018 Executive summary As a result of fee disclosure requirements and fee litigation trends,

More information

Improving the Target Date Fund Selection

Improving the Target Date Fund Selection Improving the Target Date Fund Selection INSIDE: By Chris Karam Executive Summary The target date selection process has dramatically changed over the last five years, aided by government regulations, an

More information

Fee Disclosure. Get the 411 on 408(b)(2) Presented by: Ben Healy, AVP, Operations Eric Grzejka, Manager, Retirement Plan Consulting

Fee Disclosure. Get the 411 on 408(b)(2) Presented by: Ben Healy, AVP, Operations Eric Grzejka, Manager, Retirement Plan Consulting Fee Disclosure Get the 411 on 408(b)(2) Presented by: Ben Healy, AVP, Operations Eric Grzejka, Manager, Retirement Plan Consulting Save the Date UPCOMING EVENTS May 28 2015 For Companies (New York, NY)

More information

ERISA Compliance and Monitoring 401(k) Investments: Safe Harbor Rules and Appointing Advisers

ERISA Compliance and Monitoring 401(k) Investments: Safe Harbor Rules and Appointing Advisers Presenting a live 90-minute webinar with interactive Q&A ERISA Compliance and Monitoring 401(k) Investments: Safe Harbor Rules and Appointing Advisers TUESDAY, APRIL 3, 2018 1pm Eastern 12pm Central 11am

More information

ARE YOU READY FOR NEW DOL FEE DISCLOSURE RULES?

ARE YOU READY FOR NEW DOL FEE DISCLOSURE RULES? ARE YOU READY FOR NEW DOL FEE DISCLOSURE RULES? (updated June 2, 2011) ANTHONY J. KOLENIC, JR. JUSTIN W. STEMPLE GEORGE L. WHITFIELD 2011 Warner Norcross & Judd LLP. All rights reserved. Agenda General

More information

EMPLOYEE BENEFIT PLANS FOR NFPs. Bertha Minnihan, Partner, Moss Adams LLP Brad Wall, Partner, Moss Adams LLP

EMPLOYEE BENEFIT PLANS FOR NFPs. Bertha Minnihan, Partner, Moss Adams LLP Brad Wall, Partner, Moss Adams LLP EMPLOYEE BENEFIT PLANS FOR NFPs Bertha Minnihan, Partner, Moss Adams LLP Brad Wall, Partner, Moss Adams LLP 1 BERTHA MINNIHAN Bertha has nearly 20 years of experience in public accounting and serves as

More information

LPL RETIREMENT PLAN ADVISORS

LPL RETIREMENT PLAN ADVISORS LPL RETIREMENT PLAN ADVISORS Providing Tools for Plan Success ADDRESSING THE CHALLENGE If you re like most plan sponsors, you have many demanding challenges competing for your attention. LPL advisors work

More information

Re-Evaluating the Use of CITs in DC Plans.

Re-Evaluating the Use of CITs in DC Plans. U.S. DEFINED CONTRIBUTION DISTRIBUTION 2017 Re-Evaluating the Use of CITs in DC Plans Overview & Methodology In its fourth iteration, this report examines the defined contribution (DC) market, with a focus

More information

HOT TOPICS FOR RETIREMENT PLAN FIDUCIARIES

HOT TOPICS FOR RETIREMENT PLAN FIDUCIARIES Barbara Appleby, JD, MA, AIF Kristin Guibord, MBA, AIF 100 Middle Street, Portland, ME 04101 207.541.2200 HOT TOPICS FOR RETIREMENT PLAN FIDUCIARIES SECURITIES OFFERED THROUGH COMMONWEALTH FINANCIAL NETWORK

More information

REINVENTING RETIREMENT BENEFIT CONSULTING, REALIZING RESULTS

REINVENTING RETIREMENT BENEFIT CONSULTING, REALIZING RESULTS comprehensive retirement plan consulting REINVENTING RETIREMENT BENEFIT CONSULTING, REALIZING RESULTS Trusted Independent Custom Expert Results. s t r a t e g i c r e t i r e m e n t g r o u p Strategic

More information

FEE LEVELIZATION A FIDUCIARY PERSPECTIVE

FEE LEVELIZATION A FIDUCIARY PERSPECTIVE FEE LEVELIZATION A FIDUCIARY PERSPECTIVE Marie Swartzwelder VP, Intellectual Capital 2013 Prudential Financial, Inc. and its related entities. Prudential, the Prudential logo, the Rock symbol and Bring

More information

January 21, 2015 ERISA FIDUCIARY CHECKUP

January 21, 2015 ERISA FIDUCIARY CHECKUP January 21, 2015 ERISA FIDUCIARY CHECKUP Today s Disclaimer The information presented in this webinar represent our perspectives, is not necessarily all inclusive, does not constitute legal or any other

More information

NEW FIDUCIARY INVESTMENT ADVICE RULE. A Significant Change For Investment Advisers To Retirement Plans And IRAs,

NEW FIDUCIARY INVESTMENT ADVICE RULE. A Significant Change For Investment Advisers To Retirement Plans And IRAs, NEW FIDUCIARY INVESTMENT ADVICE RULE A Significant Change For Investment Advisers To Retirement Plans And IRAs, As Well As Those Who Maintain Retirement Plans and IRAs On April 6, 2016, the U.S. Department

More information

TD Ameritrade Retirement Plan Provided by TD Ameritrade Trust Company

TD Ameritrade Retirement Plan Provided by TD Ameritrade Trust Company Retirement Plan Solutions TD Ameritrade Retirement Plan Provided by TD Ameritrade Trust Company A solution that delivers outstanding investment flexibility and ease of administration all from a recognized

More information

Protecting Yourself from ERISA Fiduciary Liability

Protecting Yourself from ERISA Fiduciary Liability Protecting Yourself from ERISA Fiduciary Liability Tax Executives Institute Cincinnati-Columbus Chapter February 9-10, 2015 Jodi H. Epstein (202) 662-3468 JEpstein@ipbtax.com Benjamin L. Grosz (202) 662-3422

More information

A simple answer. UBS Retirement Plan Manager program Investment management for your plan

A simple answer. UBS Retirement Plan Manager program Investment management for your plan A simple answer UBS Retirement Plan Manager program Investment management for your plan Simplicity makes it manageable Helping to lead and manage a business can be rewarding, both emotionally and financially.

More information

Retirement reset. How re-enrollment can help strengthen U.S. retirement security RETIREMENT INSIGHTS IN BRIEF

Retirement reset. How re-enrollment can help strengthen U.S. retirement security RETIREMENT INSIGHTS IN BRIEF RETIREMENT INSIGHTS Retirement reset How re-enrollment can help strengthen U.S. retirement security AUTHOR Anne Lester Portfolio Manager and Head of Retirement Solutions IN BRIEF Ten years after the passage

More information

LIFT RETIREMENT NEWS AND INFORMATION FOR EMPLOYERS Q Chuck Furr, CFP, AIF 1201 Battleground Avenue Suite 200 Greensboro, NC 27408

LIFT RETIREMENT NEWS AND INFORMATION FOR EMPLOYERS Q Chuck Furr, CFP, AIF 1201 Battleground Avenue Suite 200 Greensboro, NC 27408 Q2 2017 LIFT RETIREMENT NEWS AND INFORMATION FOR EMPLOYERS Chuck Furr, CFP, AIF 1201 Battleground Avenue Suite 200 Greensboro, NC 27408 Email: info@midtownfa.com Phone: (336) 852-4554 Website: www.midtownfa.com

More information

Background and Impact on Retirement Savers

Background and Impact on Retirement Savers Protecting Retirement Savings FAQs as released by the U.S. Department of Labor in April 2016, except for annotations in red added by NELP in June 2017 NELP Note: On February 3, 2017, President Trump directed

More information

Fiduciary Considerations for Plan Sponsors - Evaluating Plan Fees

Fiduciary Considerations for Plan Sponsors - Evaluating Plan Fees Morgan Stanley 401(k) Consulting June 2017 Fiduciary Considerations for Plan Sponsors - Evaluating Plan Fees Sam Valeo CFP, CIMA, CRPS Senior Vice President, Corporate Retirement Director, Financial Advisor

More information

Final Regulation on Service Provider Fee Disclosures for ERISA Retirement Plans

Final Regulation on Service Provider Fee Disclosures for ERISA Retirement Plans Final Regulation on Service Provider Fee Disclosures for ERISA Retirement Plans About MetLife For over 140 years, MetLife has been one of the country s most trusted financial institutions. The MetLife

More information

Index Fund Advisors Retirement Plan Solutions

Index Fund Advisors Retirement Plan Solutions Index Fund Advisors Retirement Plan Solutions Guided SIMPLE TRANSPARENT IFA Retirement Plan Solutions 1 2 GUIDED. SIMPLE. TRANSPARENT. Retirement Solutions Built for You Index Fund Advisors, Inc. (IFA)

More information

Contents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation...

Contents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation... Executive Summary... 1 Full Data Tables... 14 Respondent Demographics... 15 Table 1 Respondents by plan size and plan type... 15 Table 2 Respondents by total plan assets and plan type... 15 Table 3 Respondents

More information

YOU ARE AN ERISA FIDUCIARY, NOW WHAT?

YOU ARE AN ERISA FIDUCIARY, NOW WHAT? YOU ARE AN ERISA FIDUCIARY, NOW WHAT? November 16, 2016 Rebecca E. Greene 414-298-8244 rgreene@reinhartlaw.com 1000 North Water Street, Suite 1700, Milwaukee, WI 53202 www.reinhartlaw.com Rebecca E. Greene

More information

FOR INSTITUTIONAL USE ONLY / NOT FOR PUBLIC USE

FOR INSTITUTIONAL USE ONLY / NOT FOR PUBLIC USE FOR INSTITUTIONAL USE ONLY / NOT FOR PUBLIC USE This Discussion Guide is meant to convey information to help you understand your potential responsibilities and liabilities when providing advice concerning

More information