NAGDCA Weighs in on Securities and Exchange Commission’s Proposed Fiduciary Rules

We previously have reported on the evolution of the Department of Labor’s (DOL) Fiduciary Rule, widely considered among the most important consumer protection changes in recent history.  In March, the Fifth Circuit Court of Appeals ruled 2-1 that the DOL had exceeded its authority when issuing the fiduciary regulations, which stopped the rules protecting an investor’s best interests from being implemented.  In the meantime, the … Continue reading NAGDCA Weighs in on Securities and Exchange Commission’s Proposed Fiduciary Rules

News is Slowly Emerging From Capitol Hill

The Tax Cuts & Jobs Act, passed in December 2017, and while some changes to defined contribution plans were discussed, none were included upon passage. In mid-September, the House Ways and Means Committee voted to forward the first major overhaul of the Tax Cuts Act – HR 6757, “The Family Savings Act of 2018” – to the full House for consideration by the end of … Continue reading News is Slowly Emerging From Capitol Hill

Student Loan Repayment Programs

The IRS recently issued a private letter ruling (PLR) addressing a plan sponsor’s desire to amend their retirement plan to include a program for employees making student loan repayments (SLR).  The ruling would allow plan sponsors to provide employees with matching contributions to their retirement plan, essentially offsetting SLRs.  The PLR states that the program would allow a participant to both defer into the retirement … Continue reading Student Loan Repayment Programs

Developing an Effective Employee Education Program

One of the principles of fiduciary duty is to provide your employees and participants with a variety of educational opportunities so they can position themselves to make informed investment decisions.  It’s not always easy to know what your participants need, want or will take advantage of.  Using a simple framework for your educational program may help increase the effectiveness of your program and help plan … Continue reading Developing an Effective Employee Education Program