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January 24th, 2017

There Is Hope for Improving Americans’ Retirement Security

After a scathing Wall Street Journal article suggesting 401(k)s are not adequate for retirement, Ted Benna, whom some call the ‘father of the 401(k),’ and Lori Lucas of Callan, suggest there are ways to improve retirement security.Read more >

The Basics About Form 5500s

While recordkeepers and TPAs usually fill out a plan’s Form 5500, plan sponsors must sign off on the Form under penalty of perjury, so it is important to know what information is provided on the Form and be able to certify its accuracy.Read more >

Recordkeepers Preparing for New Fiduciary Era

Even if the DOL fiduciary rule is halted, working in clients’ best interest is a “no-brainer,” says Joe Ready of Wells Fargo.Read more >
Form 5500 Filings With Change in Plan Year
“We used to operate our Employee Retirement Income Security Act (ERISA) 403(b) plan on a fiscal year basis, so we would file our 5500s for a 7/1-6/30 plan year (which is our fiscal year). However, on the advice of counsel, we are converting the plan year to a calendar year, effective 1/1/2017. Thus, I realize our 5500 filing for 2017 will be for the 1/1-12/31/2017 time period, and that will not be due until 7/31/2018, unless extended. However what about the 2016 filing?”Read more >

Peering Through the Fiduciary Rule Uncertainty

A direct order from President Trump regarding the fiduciary rule could be forthcoming imminently, and that is likely what it would take for the fiduciary rulemaking to truly be paused or killed outright at the Department of Labor (DOL).Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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