Advisers, Beware of PTE 2020-02: Wagner Law
ERISA expert Kimberly Elliott of the Wagner Law Group tells wealth managers how to avoid running afoul of the Department of Labor's Prohibited Transaction Exemption 2020-02 when counseling plan...
ERISA
What’s up with the ‘ESG’ rule: Wagner Law Group
'Given that the slimmer Final Rule is no longer the stranglehold on ESG investing that the original proposal had been, the Biden Administration could decide not to expend its...
DOL Has Discouraging Words for ESG Funds
The DOL has never suggested that fiduciaries should pick a fund that subordinates financial performance to activism. But this proposal lacks the nuance or flexibility that the DOL has...
Project LIMA Aims to Solve the Annuity Puzzle
Milliman, the actuarial consulting firm, envisions putting a multi-premium deferred income annuity inside a 401(k) managed account as a way to turn tax-deferred savings into lifetime income. It seeks...
Two firms position themselves for the ‘open MEP’ market
TAG Resources, LLC, headquartered in Knoxville, TN, is a pioneer in the area of Multiple Employer Plans (MEPs), including creating and trademarking 'The Open MEP.'
‘Peeps’ Try to Peck Through a Pension Shell
A Pennsylvania maker of colored marshmallow ‘chicks’ wants to be the first company in a ‘closed MEP’ pension plan to stay in the plan but put all new hires...
‘Excessive fee’ case against Yale to continue
Yale is among more than a dozen universities to be sued over the past 30 months for allegedly failing to reduce the costs of their 401(k) plans and...
