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March 11th, 2016 |
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ASK THE EXPERTS
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| “We recently submitted an expense to our recordkeeper for reimbursement from plan assets for the retirement plan that we sponsor. However, the recordkeeper indicated that the expense could not be reimbursed from plan assets since it is a “settlor” expense. What is a settlor expense?”
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Bill Would Amend ERISA Advice StandardsThe legislation would raise the investment advice standards outlined in the Employee Retirement Income Security Act (ERISA) by adding language to sections 3(21) and 408(b) for the definitions of investment advice and for exemptions relating to the giving of investment advice.Read more > | HR Managers Admit to Gender Pay GapMen are nearly three times as likely as women to earn six figures, a survey found.Read more > | | David Levine and David Powell, with Groom Law Group, and Michael A. Webb, vice president, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. Send them to rmoore@assetinternational.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice. |
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