Latest on the fiduciary rule

The fiduciary rule, explained in an earlier blogpost, makes investment advisors fiduciaries when they provide services to a plan or to an IRA investor. Here is a super-quick summary of some key points: A fiduciary must act in the best interest of participants. It is a prohibited transaction for a fiduciary to receive income from […]

Communications Update

We are pleased to announce that we are introducing a new method of communicating with our clients and associates. This is being delivered through a portal developed by Fort William, our document, compliance, and forms provider. One of the ways we’ll use the portal is for delivering updates such as this – notices of operational […]

404(a) and 404(c) and 408(b)(2), oh my!

Today we get into some common regulations and required disclosures for retirement plans. Several numbers starting with “40” are often thrown around (and 99% of the population does not know what they mean), so we’re shedding light on what they are, and what they mean for you (the Plan Sponsor or the Plan Participant). 404(a) […]

What is a Fiduciary?

A plan’s fiduciary (or fiduciaries) has a very important role. They must always put the plan’s interest first and must always act for the benefit of the plan. They must provide benefits to participants (and beneficiaries) and also try to keep plan costs down. ERISA defines a fiduciary as someone: Who exercises discretionary control or […]