Philip Chao was recently featured in an InvestmentNews article on how much advisers weigh a manager’s investment in his or her own fund when selecting one. Here is that article.
Chao and Company previously announced that Philip Chao presented at the 2015 National Association of Plan Advisors (NAPA) 401(k) Summit. Here is a recording of his presentation.
Philip Chao, Principal and Founder of Chao & Company, was recently featured in a BenefitsPro article on Revenue Sharing. Here is that article.
Chao & Company, Ltd. is pleased to announce that Philip Chao, will be presenting at the 2015 National Association of Plan Advisors (NAPA) 401(k) Summit. NAPA, a sister organization of the American Society of Pension Professionals and Actuaries (ASPPA), was created by and for retirement plan advisors.
The October 23, 2014, IRS Notice 2014-66 coupled with the confirmation from the DOL Information Letter of the same date cleared the way for target date funds to include unallocated deferred annuity contracts in their investment mix. The Notice and the Information Letter tie together DOL regulation regarding qualified default investment alternative and the fiduciary safe harbor rule for selecting annuity providers.
On October 23, 2014, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2015. The following is a comparison of the 2014 and 2015 limitations.
Many plans immediately “fired” PIMCO when Bill Gross’s departure was announced. However, when a manger leaves a fund that is on a plan investment menu, Chao & Company looks to the plan’s written investment policy for guidance rather than a knee-jerk reaction. .
Philip Chao was recently quoted in a Wall Street Journal article regarding Bill Gross’s departure from PIMCO. Here is that article.
On April 23, 2014, the IRS issued Revenue Procedure 2014-301 announcing the 2015 inflation-adjusted amounts for Health Savings Accounts, as determined under the Internal Revenue Code § 223. Here is a comparison of the 2014 and 2015 limits.
Philip Chao, guest columnist for RIABiz, recounted the luncheon keynote from Captain Phillips at the 2014 Putnam Investment Analyst meeting. He is a true fiduciary.
Here is a presentation that we have created regarding return probability.
On October 31, 2013, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2014. Here is a summary of those limit increases.
On September 26, 2013, Fidelity issued a news release announcing the strategic asset allocation adjustments to its Freedom Funds – a series of target date funds.
On May 3, 2013, the Internal Revenue Service issued Revenue Procedure 2013-251 announcing the 2014 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal Revenue Code § 223. The following is a comparison of the 2013 and 2014...
The Fiscal Cliff is the culmination of expiring (Bush-era) tax cuts and subsidies and initiation of spending cuts (“Sequestration”) and new taxes beginning in 2013. Sequestration is an automatic budget cut, sanctioned under the 2011 Budget Control Act, that applies...
Effective on tax year after December 31, 2012, a Medicare Tax increase of 0.90% is set to become effective along with a new 3.8% Medicare Surtax to be levied on unearned or investment income for high income taxpayers. These new taxes were part of an attempt to...
2013 Annual Qualified Retirement Plan Limitations On October 18, 2012, the Internal Revenue Service published (IR-2012-77) cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2012. Generally...
On June 16, 2010, the SEC requested comment on the proposed required disclosure of a target date fund’s target date (or current) asset allocation and Chao & Company provided its public comment.
Certain covered service providers are required to furnish specified information to plan administrators so that they may comply with their disclosure obligations. The DOL issued a Field Assistance Bulletin affirming the application of this regulation to IRS section 403(b) plans that are ERISA-covered plans.
Target Date Funds (“TDFs”) are fast becoming the dominant investment choice for account-based DC plans in the US. The purpose of this paper is to review the quantitative analytical tools and factors that should be considered as parts of a prudent process for plan sponsors and their advisors in selecting and monitoring TDFs.