…available here on our Newsletters archive page.
Short answer – for our clients, wasting money. See below for more info. 3(16) services are administrative services performed by someone else on behalf of the Plan Administrator (usually the employer) – essentially, outsourcing administrative duties such as maintaining and interpreting the plan document, providing notices, etc. We do all of this for our clients, […]
As discussed in an earlier blogpost (and here, and here), the Fifth Circuit Court of Appeals, covering Louisiana, Mississippi, and Texas, determined that the rule is impermissible (by a 2-1 vote on a 3 judge panel). Several organizations, including AARP, requested standing as defendants but those motions were denied, and the Department of Labor, which […]
Are they a good idea? Generally, no, let’s dive in… A simple yet usable definition of “alternative investments” is: anything that doesn’t show up on a statement from a bank, brokerage firm or similar financial institution. Some example are: real estate, privately held mortgages, collectibles, and precious metals. Most plans will permit these assets, but […]