Fiduciary Rule Change Delay Results in No Changes

Fiduciary Rule Change Delay Results in No Changes

Well, the 60-day delay in implementing the Department of Labor’s new Fiduciary Rule came to an end with a big fat goose egg in the results column. This new rule – which requires all financial advisors providing services to retirement plans to put their clients’ interests of ahead of their own – has been a… [Read More]

What the Delay in the DOL Fiduciary Rule Means for You

What the Delay in the DOL Fiduciary Rule Means for You

On April 4, the Department of Labor delayed the start of the new Fiduciary Rule by 60 days. Put simply, the rule requires financial advisors to put the interests of their clients ahead of their own. Originally due to become applicable on April 10, the date has been pushed back to June 9. While there have… [Read More]

The Impact Trump’s Election Will Have on Retirement Plans

Annuities- coins

The surprise election of Donald Trump is beginning to settle in and we now have time to think about how his positions during the campaign will impact the retirement industry going forward. There are three main areas we think will be affected: Regulations: Trump campaigned that government regulations were strangling business growth. In the retirement… [Read More]

Plan Fees in the World of Participant Lawsuits

Plan Fees in the World of Participant Lawsuits

Recently, retirement plans at several major universities, including Yale, MIT, NYU and many others, have had suits filed against them by their participants over excessive fees. Many of these lawsuits involve issues that predominantly pertain to 403(b) plans, such as multiple plan providers, and they are primarily coming out of a single St. Louis law… [Read More]

Uncertainties in the Market Are No Reason to Panic


Brexit…what Brexit? When I started planning this blog several weeks ago, the markets were in deep turmoil. British voters had just unexpectedly voted to leave the European Union and the U.S. stock markets had a severe reaction. The Dow Jones Industrial Average dropped over 600 points the day the news broke and fell more than 250… [Read More]

Obama Pushes to Expand Retirement Savings

retirement cost savings

Last month, the White House unveiled several proposals intended to expand retirement savings to more than 30 million American workers. President Obama introduced these items to Congress last week as part of his 2017 budget. But before you get too excited, it may be a while before, or possibly never that, workers will start seeing the… [Read More]

The Unanswered Questions of Tibble v. Edison


When the Supreme Court sent Tibble v. Edison back to the lower courts earlier this year, it left unanswered the primary questions about what level of plan fees is acceptable and what duty fiduciaries have in monitoring these fees. Tibble v. Edison involves participants suing their employer for offering investments at a more expensive cost… [Read More]