Philip Chao interviewed by Pension & Investments – Acquisition moves Empower closer to its ultimate goal

Philip Chao shares his thought about the recordkeeping industry and, more specifically, using Empower’s recent announcement of buying Mass Mutual retirement business. Read the P&I article here.


Philip Chao Viewpoints Published in Iris.xyz – The Fed is Codifying Lower for Much, Much Longer

Moving from “ex ante” to “ex post” In the annual end of summer economic policy symposium sponsored by the Federal Reserve Bank of Kansas City (virtual for 2020), the theme this year was...


Philip Chao Viewpoints Published in Iris.xyz – The Future of the Financial Markets, After COVID-19

This global pandemic is not a Black Swan event - an unpredictable event that is beyond what is normally expected of a situation and has potentially significant rewards or consequences.  COVID-19,...


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.xyz – “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...