Every year when Valentine’s Day comes around, we spend time thinking about how much our loved ones mean to us. We also spend a lot of money to show them how valuable their love is to us: more than $1 billion on candy and sweets; nearly $2 billion on flowers,…
Last year was a busy one for class action lawsuits and settlements against plan fiduciaries and it looks like 2016 is shaping up to be more of the same. Three new and notable class action lawsuits against retirement plan sponsors were filed within the past couple of months. The complaints…
benchmark (noun) \bench-märk\ Something that serves as a standard by which others may be measured or judged. Benchmarking is common in the financial industry as a means of gauging progress or measuring success. Investment performance is often benchmarked against a financial market index, such as the S&P 500. The skill…
Retirement plan rule changes often don’t make waves beyond our corner of the business world, but in 2015 they made national headlines. The problem of excessive fees for retirement plan investments and advice garnered more attention last year, not only with the pending rule changes around fiduciary responsibilities but also…
As a plan sponsor, it’s easy to get wrapped up in the mechanics of running your plan—from monitoring performance and transactions, to keeping your plan compliant with Department of Labor (DOL) and ERISA regulations. While these day-to-day activities demand attention, you can’t lose sight of your primary fiduciary responsibility—managing the…