A Victory for Plan Fiduciaries—Federal Court Dismisses Lawsuit against the University of Pennsylvania

Last year, lawsuits were brought against the fiduciaries of the 403(b) plans of a number of major colleges and universities. Among the defendants were some of the country’s most prestigious institutions, including Columbia, Johns Hopkins and Vanderbilt. Very generally, these lawsuits allege that the 403(b) plans of these institutions are paying fees that are too … More A Victory for Plan Fiduciaries—Federal Court Dismisses Lawsuit against the University of Pennsylvania

Rolling Over a Plan Account to a Roth IRA—A Few Quirky Rules

There are some little known rules that come into play when rolling over an account from a 401(k) or a 403(b) plan to a Roth IRA. Contributions may be made on an after-tax basis to Roth accounts in both retirement plans and IRAs. Once the five-year holding period is satisfied for such accounts, all amounts … More Rolling Over a Plan Account to a Roth IRA—A Few Quirky Rules

Tax Reform Proposals and the Art of the Possible

The markets are focused on the progress tax reform bills are making on Capitol Hill. Most significant to the markets is the proposed reduction in corporate tax rates, as this would have a positive impact on corporate earnings. Some experts predict a comprehensive bill will pass before year-end. However, at this point, it is difficult … More Tax Reform Proposals and the Art of the Possible

TIAA’s Public Image Takes a Hit

A whistleblower complaint filed with the Securities and Exchange Commission alleges that Teachers’ Insurance and Annuity Association (TIAA) engages in aggressive sales practices designed to steer plan participants, at retirement, into its own high-fee managed account products. TIAA is one of the largest money managers with over a trillion dollars under management. It has long … More TIAA’s Public Image Takes a Hit

Retirement 101

All approach retirement, some sooner than others. To enjoy your retirement years and not be a burden on family members, it is essential that you save sufficient assets to carry you through your retirement. No one knows precisely the amount of assets you will need for a comfortable retirement, but the more you save now, … More Retirement 101

Buying a Home

Purchasing a home is a big decision. There are many factors to consider. Most importantly, what is your budget? Is now the time to rent instead? How do you know? If you do become a homeowner, what about your mortgage? Should you go full-force and pay it off as soon as possible? Or are there … More Buying a Home

Partial Plan Terminations—Do You Have One?

What constitutes a partial plan termination? There is a rebuttable presumption that a partial termination has occurred if 20 percent or more of the participants are involuntarily terminated. The calculation is done as follows:What constitutes a partial plan termination? There is a rebuttable presumption that a partial termination has occurred if 20 percent or more of the … More Partial Plan Terminations—Do You Have One?

Five Ways to Expand Your Definition of “Benefits” to Include Wellness

  When we think of employee benefits in today’s traditional landscape, we don’t typically include wellness within that core definition. Instead, wellness is often considered a standalone strategy. But this can be a disastrous scenario, considering how employee benefits and well-being go hand in hand. Most employees think of the two as the same and … More Five Ways to Expand Your Definition of “Benefits” to Include Wellness

Your Newest Employee Benefit—Student Loan Debt Repayment Assistance

Student loan reimbursement programs are a fast growing employee benefit. Approximately 70 percent of 2016 college graduates have student loans with an average balance of $37,000.¹ The Society for Human Resource Management reports that while only about 3 percent of employers offer this benefit, interest among employers is growing rapidly. Research also shows that a … More Your Newest Employee Benefit—Student Loan Debt Repayment Assistance

Rebalancing Your Portfolio

As a participant in the company’s retirement plan, you are already serious about saving for your future. Whether you are retiring in a few weeks or a few decades, you may need to protect your investment. A healthy way to do this is to rebalance your portfolio. What is rebalancing? Rebalancing is simply readjusting your … More Rebalancing Your Portfolio