Managed accounts look attractive to 401(k) advisers, but how do you measure performance? For 401(k) advisers, managed accounts are a hard nut to crack. On the one hand, many advisers believe managed accounts will compete with target date funds as the most popular type...
The Supreme Court stated that fiduciary duty under the Employee Retirement Income Security Act of 1974 (“ERISA”) is derived from the common trust law, and its decision affirms the fiduciary duty to provide ongoing monitoring of plan assets. The fiduciary duty to...
On May 4, 2017, the Internal Revenue Service issued Revenue Procedure 2017-37, announcing the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs), as determined under the Internal Revenue Code § 223. Here is a comparison of the HSA calendar year 2017...
Philip Chao was mentioned in the book Successful Defined Contribution Investment Design: How to Align Target-date, Core, and Income Strategies to the PRICE of Retirement. To view and/or buy the book, please click here.
On December 16, 2015, the FOMC raised rates for the first time since the key rate moved to 5.25% on June 29, 2006. The 25bp rise was to signal to the market the start of a new phase in monetary policy by the FOMC. At the beginning of this year, the FOMC was signaling...