CCL News

Collective Investment Trusts – The Fastest Growing Investment Vehicle Within 401(k) Plans

For almost a century, collective investment trusts (CITs) have played an important role in the markets. They were originally introduced in 1927. A 2016 study showed that they are the fastest growing investment vehicle within 401(k) plans, with 62 percent of asset managers believing their clients will shift from mutual funds to CITs.¹ For the vast majority of their existence,…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Aug. 13, 2018 The New Wellness Trend For Women Is Wealth www­.forbes­.com – Shared by Cassidy Young Financial News’s 11th list of the 100 most influential women in financeFinancial News Wonderhatch Financial News Wonderhatch It’s hard enough for women to move…read more →

Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in? What fiduciary liabilities are absolved by forcing them out (assuming this is consistent with the plan document)?

Q & A from a former practicing ERISA attorney Welcome to our new question and answer feature. Periodically we will be posting a Q&A segment that will feature plan sponsor questions by former practicing ERISA attorney Joel Shapiro. Q: Is there regulatory guidance that would indicate whether forcing out terminated participants is favorable to keeping them in? What fiduciary liabilities…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Aug. 6, 2018 Financial wellness engagement remains low www­.benefitnews­.com – Shared by MACHC There is no doubt, employers and employees both say financial wellness programs are proving successful in engaging workers and providing ROI, however, a disconnect on what matters most…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Jul. 16, 2018 2018 Best Cities to Retire www­.daveramsey­.com – Shared by Sydney Butler Gunter Whether your retirement is years away or right around the corner, knowing the best cities to retire can help your hard-earned dollars go farther—so to speak—when…read more →

When does the five-year clock start for Roth withdrawls?

Q & A from a former practicing ERISA attorney   Welcome to our new question and answer feature. Periodically we will be posting a Q&A segment that will feature plan sponsor questions by former practicing ERISA attorney Joel Shapiro.   Q:  When does the five-year clock start for Roth withdrawls?   A: For most investors, it’s important to know that…read more →

Tips for Preventing Uncashed Retirement Checks

Tips for Preventing Uncashed Retirement Checks Managing uncashed retirement checks may be considered a nuisance by plan administrators. Nevertheless, the employer still has fiduciary responsibility when a former employee fails to cash their distribution. Search efforts to locate a missing plan participant consume time and money and may fail to locate the participant. Likewise, going through the process of turning…read more →

The Proposed DOL Fiduciary Rule – Update

The Proposed DOL Fiduciary Rule – Update By Mark Ries On June 21, the 5th Circuit Court of Appeals issued a mandate vacating the US Dept. of Labor’s proposed ERISA fiduciary rule effectively ending any speculation about its future. With the proposed rule changes no longer on the table, the DOL’s previous regulation dating back to 1975 will again be…read more →

Do we need to adopt a loan policy?

Q & A from a former practicing ERISA attorney Q: Do we need to adopt a loan policy? A: It is a plan/legal determination as to whether a separate loan policy is required. However, the following loan provisions should be documented: 1.The identity of the person authorized to administer the participant program; 2.The procedure for applying for loans; 3.The standards…read more →

Should I distribute the Fiduciary Investment Review to plan participants?

Q & A from a former practicing ERISA attorney Welcome to our new question and answer feature. Periodically we will be posting a Q&A segment that will feature plan sponsor questions by former practicing ERISA attorney Joel Shapiro. Q: Should I distribute the Fiduciary Investment Review to plan participants? A: I appreciate your desire to provide detailed information to your…read more →