by Roland|Criss | Jan 1, 2020 | Uncategorized
The new ERISA Conflict of Interest rule specifically targets IRA rollovers from retirement plans. The rule makes the recommendation of a distribution of a plan participant’s money to an IRA (a rollover) a fiduciary act. The potential impact requires proper...
by Roland|Criss | Dec 30, 2019 | Leadership Forum, Service Providers
Outsourcing ERISA retirement plan services has been around for decades, but recent industry developments have translated into new strategies for plan sponsors. The chairman of Roland|Criss’ Fiduciary Standards Committee discusses key trends every CFO and human...
by Roland|Criss | Dec 13, 2019 | Retirement Plans
An article published last week by Employee Benefit News titled, “Which type of fiduciary should plan sponsors hire?” compares the differing responsibilities of 3(16), 3(21), and 3(38) fiduciary providers. In short, the roles broke down as follows: 3(16) – Plan...
by Roland|Criss | Dec 13, 2019 | Leadership Forum, Retirement Plans
Computerizing Fiduciary Controls is a New Business Reality for ERISA Plans Recent changes to ERISA make compliance with its fiduciary rules more challenging than at any time since its introduction in 1974. Many organizations that sponsor ERISA plans lack the needed...
by Roland|Criss | Aug 31, 2019 | Retirement Plans
Tip for August 2019 We’ve studied the effect that adoption of a regulatory risk management (“RRM”) system has on enterprises that sponsor ERISA plans. The most effective benefit plan committees approach fiduciary risk based on the results sought, not derived from old...