Grit, Humility, Resolve Drive Investing Success in Tough Times
The equity markets dropped by nearly 50% during the Great Recession of 2008 and 2009, but retirement plan account balances of those who stayed the course recovered their...
Tag: coronavirus
DB Plans Get Relief for Certain Premium Payments and Filings
Due dates for filings or actions that would otherwise have been due on or after April 1, and before July 15, have been extended to July 15.
A Time of Crisis. A Time to Solve Our Big Problems?
With passage of the CARES Act, Congress has demonstrated an ability to speedily enact ambitious bipartisan legislation that addresses the...
Two West Advisors Announces Virtual Participant Consultations
Consultations with retirement plan participants it serves will address retirement plan account questions as well as broader personal financial issues.
Pentegra Is Latest Provider to Waive Coronavirus Amendment Fees
The firm also says it has designed a process that will make adopting hardship and loan relief provisions as seamless as possible.
MassMutual Removes Fees on Hardship Distributions and Loans
COVID-19-related distributions will be capped at $100,000 with no mandatory tax withholding requirements and the ability to repay them.
OneAmerica Waives Hardship Fees
The recordkeeper is making the move in response to the CARES Act.
Securian Waives COVID-19 and Hardship Withdrawal Fees
The firm is also offering free fiduciary and wellness services to employers.
Bear Markets and DC Plan Drawdown Strategies
One silver lining in the economic fallout of the coronavirus pandemic in the United States is the opportunity to re-educate people about risk and the role of guarantees.
Nationwide Announces CARES Act Transaction Help for Participants
Fee waivers, accelerated processing and educational resources are being offered.
eMoney Advisor to Offer Free Financial Planning
The firm says it hopes to help clients and participants during the coronavirus pandemic.
Clients Must Treat Layoffs and Furloughs Carefully
The IRS may determine that a ‘partial termination’ of a plan has occurred if a company undergoes sizable layoffs—but not furloughs—potentially impacting vesting schedules and other aspects of...
Transamerica Announces Coronavirus-Related Help for Clients
The firm has established a dedicated team to support participants who are considering accessing their retirement savings to meet their short-term financial challenges related to the pandemic.
John Hancock Waives COVID-19-Related Retirement Plan Fees
In addition to waiving fees related to participant hardship withdrawals, the firm is suspending fees for plan amendments made in response to the pandemic.
A Brave New Fiduciary World
The response of advisers to the coronavirus pandemic can provide a concrete illustration of how fiduciaries now function.
Principal Offers Cost Relief to Plan Sponsors and Participants
In addition to waiving transaction fees for participants, Principal is waiving fees for certain retirement plan amendments.
First Time Advising in a Bear Market?
It’s easy to tell clients their accounts have grown by leaps and bounds, but helping them calmly navigate a severe...
Building Digital Connections in a Socially Distant World
Those few remaining advisers who have been reluctant to integrate digital communications as a core part of their client service strategies have little choice but to reconsider in...
Hard Choices Ahead About Easing Hardship Withdrawals
With the coronavirus pandemic causing acute financial harm to so many Americans, plan sponsors may feel compelled to offer hardship withdrawal relief in their plans; plan advisers can...
SEC Says Coronavirus Will Not Delay Reg BI, Form CRS
“The uncertainties caused by COVID-19 have not changed our perspective or commitment,” SEC Chairman Jay Clayton says.