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The eventual effect of COVID-19 on this business

When fee disclosure regulations were promulgated in 2012, you could see the changes a mile away. While some chicken littles thought the sky was falling, I knew it would lead to a more competitive marketplace and there would be no race to zero. While the COVI-1...

vanatage benefits guilty

Vantage Benefits Owners Plead Guilty

I knew Jeff Richie from Vantage Benefits, spoke to him a couple of times ago, and wrote an article for his company regarding fiduciary services. Like with Matt Hutcheson, Jeff Richie was embezzling the money clients entrusted him with as a plan fiduciary. &nbs...

matching contributions

Of course, matching contributions are being cut

I always joke that anytime there is a snowstorm, the local channels should just recycle their old st...

private equity

DOL to allow private equity investments in DC Plans

The Department of Labor (DOL) released some new guidance that might facilitate the inclusion of priv...

mass

MassMutual considering selling its retirement plan business

According to a report from Reuters, Massachusetts Mutual Life Insurance Company (MassMutual) is expl...

notary

Temporary Relief for Spousal Consent and Notary

The Internal Revenue Service (IRS) is providing temporary relief from the physical presence requirem...

virtual 4

That 401(k) Virtual Conference 4 is on Friday, July 10th

While many of us are working in the office, many are not, and almost all of us aren’t going to tra...

DOL logo 2020

DOL is “plotting” a new fiduciary rule

When a government agency is plotting, they have to do it in public and it’s just a matter of when ...

fees

MEPs are more expensive according to a study

The intention of multiple employer plans is that for the small plan market, their fees should be low...

JP morgan

JP Morgan ponies up $9 million

A settlement has been in a lawsuit accusing fiduciaries of the JPMorgan Chase 401(k) Savings Plan of...