Accessing Participant Data – Another Lawsuit

In today’s ever digitized world, we do not only have to protect our natural selves but also our digital selves.  Maintaining confidentiality and privacy protection are not only an individual’s...


Philip Chao interviewed on CNBC Personal Finance – Investors urged to beware of the Tesla ‘fear of missing out’ mania

The recent roller coaster ride with the Tesla stock reminds us all about the need for diversification.  Depending on when you invested in the stock, the week of excitement and elation (greed) turned...


Philip Chao interviewed on CNBC Personal Finance - More people may soon have annuities in their 401(k) plans

The SECURE Act brings safe harbor for Plan fiduciaries to include annuities as an invest and pay out option under a DC plan for the first time.  This is a much needed option for those workers seeking...


Philip Chao Commentary quoted in Iris.com – “It’s Not Shocking to See Schwab Buying TD Ameritrade”

According to the 2018 FDIC Schwab Bank Resolution Plan, as of 12-31-17, it has $169.7 billion in deposits.  The following breaks down the deposits and income ($millions): Deposits swept from...


Philip Chao in Investment News Article " Pete Buttigieg proposes a 'public' 401(k) program”

During the run up to a national election, it is always about hope and change and a competition of ideas.  The 2020 election season is no different. A Democratic Party candidate, Pete Buttigieg, is...


Participant Data - Plan Asset vs. Participant Asset

With a rapidly digitizing world and with constant threats on cyber security with information theft, ownership of data and data permissioning will increasingly become a topic of focus, and evolving and...


Philip Chao quoted in Planadviser Magazine October 2019 Cover Story "Addressing Profitability”

Philip Chao quoted in Planadviser Magazine October 2019 Cover Story "Addressing Profitability” regarding, when plans are no longer cost-effective, there are actions advisers can take. Here is the...


Philip Chao Commentary quoted in Iris.com – The Middle Kingdom & the Parallel Universe

The rise of China has been a multi-decade story and increasingly deemed as a developing threat to the status quo and the United States’ primacy. Early on, President Trump focused on the trade...


Philip Chao in Investment News Article "Are 401(k) advice fees headed to zero”

Earlier this year, Schwab Intelligent Advisory, a human-based, robo-assisted financial advice offering was launched at an upfront fee of $300 and a flat fee of $30 a month. Now, Vanguard is getting...


Philip Chao in Investment News Article " Headwinds to annuities in 401(k) plans persist”

Lifetime income decisions are made along the continuum of “guaranty” and “optionality”.  Neither one is always right or always inappropriate.  A lifetime “guaranty” payout under a fixed...