News & Information

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 →

Are You Prepared for an IRS Audit?

Are You Prepared for an IRS Audit? By Marcie Carroll The Internal Revenue Service’s (IRS’s) Employee Benefit Audit Program is used to audit and enforce. The IRS’s emphasis, with respect to defined contribution plans is on compliance with the requirements of the Internal Revenue Code (the Code), the plan’s tax qualification and administration of all plan documents. In the event…read more →

Evaluating Your Plan and Fees? Think More, Not Less

Evaluating Your Plan and Fees? Think More, Not Less By Marcie Carroll Should you reduce your plan’s fees to better serve participants? Many vocal experts speaking on behalf of investors and participants say “yes” – unequivocally. But what about the investors and participants themselves? What do they say? Invesco Consulting teamed up with language experts Maslansky + partners to get…read more →

Have You Conducted a Fee Equalization/Levelization?

Have You Conducted a Fee Equalization/Levelization? By Marcie Carroll Fees in defined contribution (DC) plans can be complicated. Historically, fees have not been fully and simply disclosed, but the industry is changing towards greater and more understandable disclosure. Simply put, there are two basic types of fees: administrative and investment-related. The investment-related fees are deducted from earnings on participant accounts…read more →

Q1 2018 Market Update

S&P 500 -0.76% Dow Jones 30 -1.96 % NASDAQ 2.59% MSCI EAFE -1.41% Unlike much of 2017, the first quarter of 2018 saw the reintroduction of volatility into the equity markets. While periodic bouts of volatility are not uncommon in financial markets, after having enjoyed many months positive, low volatility returns, the sudden and abrupt moves that we saw in…read more →

Is it Time for a Plan Refresh?

The duty to provide participants with sufficient information to make consistently informed retirement investment decisions is a basic fiduciary responsibility under ERISA Section 404(a). However, there could be some plan committees who feel their participants are not consistently making prudent decisions. According to a recent JP Morgan survey¹ nearly 75 percent of participants say they are not confident with selecting…read more →

Financial Wellness Weekly

Financial Wellness Weekly Financial Wellness Weekly by Marcie Carroll – Carroll Consultants, Ltd. By Marcie Carroll Read paper Monday, Apr. 2, 2018 Four Best Practices to Improve Employee Financial Wellness www­.uschamberfoundation­.org – Shared by Matt Bahl Financial wellness is one of the leading causes of stress in the United States, and not just for the unemployed. PwC has found that…read more →