Our company has worked with Barbara [Delaney] for more than 19 years, and I have personally worked with her for 13 years," one client says.
When you have a plan that has grown over the years, and you see in the audience those factory workers you sat down with three years ago talking proudly about how they have saved toward their retirement, you know you've done something right," says John Barry, Principal at JMB Wealth Management/National Planning Corporation in Torrance, California.
Insights from PLANSPONSOR's Retirement Plan Adviser of the Year finalists.
I hate going to the doctor for a checkupÂ—or the dentist, for that matter. I don't even like to take my car in for "scheduled maintenance."
PLANSPONSOR.com news articles that also appeared in the Upfront section of the May issue.
We all have them: those front-line experiences that are inevitable when one deals with the variety—and sensitivity—of issues associated with human beings and critical life events.
It's been a hot issue for some time—a topic of interest for Congress—and the Department of Labor (DoL) has laid out a three-pronged effort to help deal with fees, or more precisely, the transparency of fees paid by retirement plans and plan participants.
Each month, Bells & Whistles Âhighlights recent product Âintroductions that plan Âsponsors may find of interest.
2007, while perhaps not a banner year for the stock market or the investment management business, was a good year to be a transition manager. Data from the 2008 PLANSPONSOR Transition Management Survey are available here.
After seven years of dominating the U.S. markets, value stocks trailed behind growth companies in 2007, and by a considerable margin.
"Buy some good stock, and hold it till it goes up," said American humorist Will Rogers, "and if it don't go up, don't buy it."
When they faced the "perfect storm" earlier this decade, with equity markets declining at the same time interest rates dropped, many sponsors opted to stick with aggressive equity allocations rather than reducing risk, recalls Ellen Harvey, a Principal at Vanguard Investment Counseling & Research's investing strategy group.
Marian Thompson Robinson v. New Orleans Employers ILA AFL-CIO Pension Welfare Vacation & Holiday Funds.
Media reports have spun a tale implying that recent Department of Labor guidelines will squash employers' ability to motivate workers to kick unhealthy habits.
On the whole, I believe the movement from participant choice to target-maturity funds—a movement that is right now at the "inching forward" stage—is good.
While the Pension Protection Act of 2006 (PPA) is a decidedly 21st century addendum to the landmark Employee Retirement Income Security Act (ERISA) of 1974, it more closely resembles 1984—as in the classic George Orwell novel of the same name.
Not unexpectedly, the Supreme Court recently ruled that an individual participant in a 401(k) defined contribution plan can maintain a breach of fiduciary duty claim under ERISA, even though the alleged breach affected only the value of his individual account.
The class-action litigation against Enron directors and committee members is a lesson about the need for corporate governance procedures for a company's ERISA plans.