In making the decision to hire outside retirement plan consultants, there are three main objectives that plan oversight committees and plan fiduciaries consider. By “acting solely in the best interest of plan participants”, you can simultaneously accomplish these three goals.
Securities lending is alive and well in today’s asset management and retirement industry. While there is a clear benefit to securities lending, it also introduces risks such as counter-party and collateral re-investment and liquidity risks.
TIAA has received IRS approval for their new FIS Volume Submitter plan document, and has started the process of transitioning clients to this new IRS pre-approved document. What is the significance of this change?
ERISA says that plan sponsors should provide participants with the opportunity to choose from a broad range of investment options in order to effectively diversify their accounts among the various options. Participants should be offered at least 3 different investment options…