The participants in each of the New York Life Insurance profit sharing and 401(k) plans had a complaint – they found out that the S&P 500 Index Fund offered as a designated investment alternative in their plans was much more expensive than other S&P 500 Index funds in the market, and had been for six years.
With the change in the administration, and President Trump’s statements vowing to rescind most of the federal regulations adopted during the Obama administration, it is natural to wonder if the Department of Labor’s revised fiduciary rules, which are scheduled for implementation beginning April 10, 2017, are still applicable.
There is a great deal of focus and attention on the new Department of Labor proposed fiduciary rule.
As the calendar flips from 2015 to 2016, it may be a good time to evaluate your financial situation to determine if you need to make any modifications to your financial plan.
In recent months, a topic that we have frequently addressed in our blogs, our quarterly investment committee webinars, and in our face-to-face interactions with retirement plan participants has been the new DOL Fiduciary Rule.
403(b) plans have been making headlines in the past six months.
This past weekend, a client emailed me asking if there was a cash investment available in their retirement plan.
This is a topic at the forefront of recent financial headlines that we wanted to address as there is an important difference here between the two, especially as it relates to retirement plans.
Our most recent blog post at the beginning of July entitled, “What Should You Do After the ‘Brexit’ Vote?”, discussed the uncertainties and fears surrounding the decision of UK citizens to leave the EU and the resulting impact on the U.S. stock market.
Market volatility has followed the recent vote of UK citizens to leave the EU.
Department of Labor (DOL) Fiduciary Standard Regulation Ruling Should be Embraced by Honest Financial Advisors
The Department of Labor recently finalized a change to the definition of “fiduciary” under ERISA that expands the scope of those who are fiduciaries.
As we approached mid-February 2016 many investors were concerned about the markets.
You may recall our blog post from February titled, “Recent Volatility in the Financial Markets – Don’t Panic!”, which addressed the volatility in the stock market at the beginning of 2016. The rest of the first quarter was no different, as the markets rallied to new 2016 highs over the last few days of March.
They are large, well established, household names that are not US companies.
The first few weeks of 2016 have demonstrated significant volatility in the major market indexes, such as the S&P 500, the Dow Jones Industrial Average, and the MSCI EAFE.
Volatility may best describe the equities markets for the majority of 2015, as they were impacted by economic stress in China and Greece, coupled with underwhelming corporate earnings reports, falling oil prices, and terrorist attacks here and abroad.
Fidelity Investments in collaboration with the Stanford Center on Longevity, conducted a survey of 12,000 retirees. Their answers may surprise you.
As the markets rise and fall, your portfolio will gradually move away from its target allocation. This is important to note because, as an investor, your investments should be allocated according to your risk tolerance, time horizon, and personal goals.
Market volatility, like the roller coaster experienced last week, can test even the calmest of investors. Constructing and following a sound asset allocation strategy for your long-term retirement goals will provide peace of mind even during extreme market movements.
Although many firms offer TPA services to retirement plans, not all offer the same quality of services due to the nature of their business. One major example of this is payroll providers.