New Bill Creates Lost and Found Participant Database
It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
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How to Effectively Handle DB Plans Through Covid-19
Defined Benefit, or DB plan sponsors were immensely impacted when the market was pummeled by the COVID-19 crisis. It is predicted that the volatility of the marketplace will maintain for a while. As such, plan…
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Home Health Care Bonds During COVID-19
Due to the current overpopulation of hospitals and the risks involved in visiting medical centers, home health care is on the rise. As such, the home health care profession is expected to employ more people…
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Average 401(k) Soars Through 2020
We could all use some good news, especially during this difficult, uncomfortable time. According to the estimates from the Employee Benefit Research Institution, in what is being called the best quarterly market in decades, the…
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DOL Releases New Fiduciary Rule
The Labor Department has revealed its long-awaited fiduciary rule, along with some novel implications for record-keepers, rollover and Pooled Employer Plans advice. Titled “Improving Investment Advice for Workers & Retirees“, the proposal offers a new…
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Rhode Island Extends Indoor Dining and More
The Governor of Rhode Island and the Direct of the Rhode Island Department of Health offered new details on the state’s expanding response to the current epidemic. After launching Phase 3 on Tuesday, June 30th,…
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Plan Sponsors Specifically Threatened by Cyber Attacks
Retirement plans and, specifically, their plan sponsors are being threatened more and more by cyber attacks. Recordkeepers, custodians, and third party administrators are being attacked due to all the valuable personal data they harbor and…
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Governor Murphy Reopens NJ Schools
This fall, New Jersey schools must include social distancing and face masks as part of a new COVID-19 safety initiative for students and staff. Governor Murphy has partnered with the Department of Education Commissioner Laont…
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Costco Sued Over Mismanagement of 401(k) Plan
On behalf of plan participants of the Costco 401(k) Retirement Plan, a lawsuit was filed against Costco Wholesale Corporation and related parties for allegedly mismanaging a defined contribution plan worth $15.5 million. Filed on Tuesday…
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