John Iekel

The risks entailed in fiduciary duty gave rise to fiduciary insurance. But what affects the premiums charged for that insurance? A recent report gives an inside look at what fiduciary insurers think about that.  In “What Drives Fiduciary Liability?” Aon reports on what 12 fiduciary insurance... READ MORE

What a difference a year makes. Business practices had to change on a dime as the tidal wave of COVID-19 swept the familiar out of its way—and with little or perhaps even no notice or time to beta test.  Business as usual in the financial services industry “came to a screeching halt” as business... READ MORE

The Department of Labor (DOL) issued registration requirements for pooled plan providers (PPPs) late in 2020. So how many registration filings have there been?  The DOL issued a final rule on Nov. 12, 2020 that established registration requirements for PPPs. PPPs have been able to operate pooled... READ MORE

The Office of the Inspector General (OIG) has called on the Social Security Administration (SSA) to further investigate some instances of overpayment of benefits. Specifically, the OIG is concerned about Old-Age, Survivors and Disability Insurance (OASDI) beneficiaries whose benefits may have been... READ MORE

The Connecticut Retirement Security Authority (CRSA) has announced the launch of a pilot of MyCTSavings, the state-run retirement savings program intended to provide coverage for private-sector employees whose employers do not offer them a plan. The pilot is slated to begin in September.  The CRSA... READ MORE

Which is better? It depends! That’s the verdict from an industry insider who compared and contrasted the two in a June 29 session of the 2021 NTSA Summit.  “A vexing issue,” said Mark Heisler, CEO of ADMIN Partners, LLC, of the question. Not only that, he said, it is “probably the number one... READ MORE

It goes without saying that fiduciary duties that must be fulfilled. But there are some that are often overlooked, an industry expert warns.  “When a job becomes too familiar it’s easy to start taking things for granted,” writes Christopher Carosa in Fiduciary News. He adds that the belief that a... READ MORE

We all know what rising prices mean for the pocketbook and balances now, but what do they portend for retirement plans and saving? “They say it’s only temporary, but we’ve seen the highest rise in inflation in quite some time,” writes Chris Carosa in the Fiduciary News entry, “401k Plans and... READ MORE

The IRS on July 22 updated the Voluntary Compliance Program for plan sponsors that are ineligible to sponsor a SIMPLE IRA plan. More specifically, they have updated the VCP Submission Kit.  Plan sponsors may use the VCP Submission Kit if they are ineligible to sponsor a SIMPLE IRA plan because... READ MORE