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This article originally appeared in the Winter 2014 issue of Plan Consultant. To view a PDF version, please click here.Among the many pearls of wisdom we receive from our elders is the admonition to “mind your own business!” — in other words, respect other people’s privacy; don’t stick your nose in...
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This article originally appeared in the Winter 2014 issue of Plan Consultant. To view a PDF version, please click here.A plan sponsor may decide to terminate a qualified pension plan for several different reasons — perhaps because a majority owner has maximized his or her benefit, or the plan...
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This article originally appeared in the Winter 2014 issue of Plan Consultant, and was the winning entry in ASPPA's 2013 Ed Burrows Award Call for Papers. To view a PDF version, including accompanying charts, please click here.Employers adopting a qualified plan have a fiduciary duty to the...
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This article originally appeared in the Winter 2014 issue of Plan Consultant. To view a PDF version, please click here.The 2008 economic collapse and subsequent slow recovery stressed public pension plans, as tax revenue declined during a period of increasing plan costs resulting from poor market...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.For a number of years, magazine editors have approached me with requests to write a column on ethics. Until now, I have politely refused because I have never considered the subject...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.As a young man, I remember my Scoutmaster teaching me many important things. Always be prepared. Carry extra water. “Leaves of three, leave them be.” (Poison oak makes lousy toilet...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.“Facebook me,” he said, in answer to my question about the best way to reach him. I stared in astonishment. This was not my college sophomore son, but my 80-year-old father. Seeing...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version of this article, please click here.Pension risk transfer (PRT) is a term that is quietly incubating within the U.S. pension marketplace. A close cousin of terminal funding (a term which may be more...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.Whether it’s for an entry level position or an opening for an experienced plan administrator, training is a long, unending road — from learning the fundamental rules to applying them...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, including sidebars, please click here.Early in my career, I worked as a retirement plan wholesaler, occasionally conducting enrollment meetings for new participants. One such meeting took place at a...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.Liability Driven Investing has largely come to light for U.S. pension plans over the course of the last 10 years. The main goal of this investment strategy is to limit volatility...
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This article originally appeared in the Fall 2013 issue of Plan Consultant. To view a PDF version, please click here.Retirement administration professionals continue to face a multitude of growing market demands, ranging from providing a superior client experience and keeping up with changing...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.As part of a service learning course in college, my daughter decided to volunteer for a group that helps low-income workers complete their tax returns. When she called to check in...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.In the age of Twitter and Facebook, information moves almost at the speed of light. We can get instant updates on topics as important as breaking news and as mundane as what people...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.At a hotel meeting room in Charlotte, a group of 80 or so professionals from different backgrounds in the retirement plan industry gathered last March to commiserate and listen to...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.July 1, 2012, was a big day in the retirement plan world. Covered Service Providers (CSPs) were breathing a sigh of relief because they got their disclosures into the hands of...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.When employees turn to employer-sponsored programs for benefits and risk protection, disability is often far down on the list of priorities because they do not understand how...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.Although a plan sponsor may hire various service providers, the sponsor typically retains primary responsibility for the management of the plan as a fiduciary under ERISA. However...
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This article originally appeared in the Summer 2015 issue of Plan Consultant. To view a PDF version, please click here.Before 2005, bankruptcy trustees had no interest in debtor-sponsored pension plans other than to make sure that the debtor did not fraudulently transfer funds into the plan. Plan...
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This article originally appeared in the Summer 2013 issue of Plan Consultant. To view a PDF version, please click here.A qualified cash or deferred arrangement (CODA) has a distinct set of characteristics and a laundry list of rules to follow to maintain the tax advantages of being qualified....
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