DOL Final Rule: Financial Factors in Selecting Plan Investments

On November 13, 2020, the DOL issued final regulation, to promulgate principles of fiduciary standards for selecting and monitoring investments, and set forth the scope of fiduciary duties surrounding...


401k Wire - Jenny Johnson's SPARK Interview with Philip Chao

The publication 401kWire.com recently released an article regarding Philip Chao's interview with Jenny Johnson, Franklin Templeton President and CEO, at this month's SPARK conference. Here is the...


Quarterly Market Commentary - 2020 Q3

We had a V-shaped bounce after a sudden and steep fall, but the V-shaped bounce has not yet returned the U.S. or global economy back to pre-COVID-19 “normal” economic activities. We are also...


DOL Interim Final Rule: Pension Benefit Statements - Lifetime Income Illustrations

The Department of Labor’s Employee Benefits Security Administration (EBSA) announced an interim final rule (IFR) for administrators of defined contribution retirement plans, such as 401(k) plans....


Quarterly Market Commentary - 2020 Q2

The Un-Normal Many refer to the current conditions as the “new” normal.  I think of this as the “un”-normal. There is nothing normal about what is transpiring.  We have a novel...


Quarterly Market Commentary - 2020 Q1

The cacophony of impact, fallout, responses, and scale of the COVID-19 coronavirus on a human level and on the economy is shocking.  The speed of change, on a sometimes hourly basis, is impossible to...


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...


Quarterly Market Commentary - 2019 Q4

·       From an aggregated lens, the U.S. and the world have recovered from the Global Financial Crisis (GFC). The global labor economy is at its best in a generation; private wealth or net...


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...


Quarterly Market Commentary – 2019 Q3

2% GDP - World growth is slowing, and there are signs that the U.S. is also slowing.  It is not clear though if this slowing is the economy’s natural return to the New Normal from a...