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Timely Topics for Fiduciaries - January 2009 |
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OneFiduciary Group, LLC provides unbiased investment advice, fiduciary risk management and retirement plan consulting to Retirement Plan Sponsors, Institutions, Nonprofit Organizations, Wealthy Individuals and their professionals (General Counsel, ERISA Attorneys and CPA Plan Auditors).
Our clients receive conflict-free advice based on solid research, leading edge analytics and decision making tools.
Your unique needs require a customized package of services. With a focus on fiduciary liability management, documented processes, effective plan design, plan performance, maximizing value and cost effectiveness, OneFiduciary Group will work with you to structure services and solutions that drive the success of your retirement program.
OneFiduciary Group, LLC
125 Townpark Dr. Suite 300
Kennesaw, GA 30144
678.922.2950
www.onefiduciary.com
Al Otto, AIFA®
Founder & CEO
Al.otto@onefiduciary.com
Brad Larsen, CRPS, AIF®, PRP
Director of Sales & Marketing
B.larsen@onefiduciary.com
Darryl Wilburn, MBA, AIF®
Chief Compliance Officer
Director of Investments
D.wilburn@onefiduciary.com
Perry Wilkes, AIFA®, CPA
Director of Research &
Litigation Support
P.wilkes@onefiduciary.com
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This e-newsletter is a digest of information published by a variety of sources on employee benefit plans and related issues. We hope you find the information useful.
OneFiduciary Update
Breaking News - Transparency Regulation Postponed - Plan Sponsors are still unprotected from the practice of certain service providers hiding their fees. In December 2007, the Department of Labor issued a proposed regulation under ERISA Section 408(b)(2). The purpose of this new regulation was mainly to force ERISA plan service providers to disclose their likely total direct and indirect compensation at the beginning of a business relationship. This would have been a very positive step to protect both 401(k) plan sponsors and their plan participants from the negative effects that come from a lack of financial transparency. The final regulations were due to be issued by November 1, 2008 according to a White House letter to all federal agencies…. This did not happen!!! Click on headline for full article.
General Items
Al Otto Named as One of 401kWire’s 2008 Hundred Most Influential - Summary: Al Otto, OneFiduciary Group, LLC’s Founder and CEO, has been named for the second consecutive year in 401kWire’s One Hundred Most Influential People in the Defined Contribution industry. Al is one of only a handful of Fee Only Plan Advisors who has achieved this exceptional recognition. Click on headline for full article.
Advantages and Disadvantages of DC Designs - Summary: This article looks at some of the pros and cons of different designs by considering situations where a sponsor likely would or would not use a particular type of defined contribution plan. Located at: JPMorgan Chase. Click on headline for full article.
Fiduciary Items
What Are Your Fiduciary Duties Regarding Revenue-Sharing Arrangements? - Summary: The trend toward disclosure and transparency is well under way and is accelerating. Once fiduciaries are regularly receiving the additional information on fees, expenses, and revenue sharing, the expectations for fiduciary prudence will be heightened. Fiduciaries will be expected to review and evaluate the information they receive and to make informed decisions for the benefit of the participants. Located at: Reish Luftman Reicher & Cohen. Click on headline for full article.
Research
Retirement Saving in Wake of Financial Market Volatility - Summary: This white paper summarizes results from two surveys conducted by the Investment Company Institute in the past few months. With recent financial market volatility and millions of households personally directing their retirement savings, ICI sought to get a sense of retirement savers' reactions to the current market conditions. Located at: Investment Company Institute (PDF File). Click on headline for full article.
2008 Defined Contribution Survey - Summary: If you were to sum up the results of Plansponsor.com's 13th annual Defined Contribution Survey in a sentence, it would be "not as much as you might think." Some 5,973 plan sponsors contributed to this year's survey. Located at: Plansponsor.com (free registration may be required). Click on headline for full article.
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| Disclosure: This e-newsletter is published as a service to our clients. OneFiduciary Group, LLC is not the author of the material unless specifically noted. We review each article to ensure that it is related to the interests of our clients, but OneFiduciary Group, LLC does not endorse and disclaims any and all responsibility or liability for the accuracy, content, completeness, legality, or reliability of the material. All articles are copyrighted to their publishers. This e-newsletter is prepared in partnership with 401khelpcenter.com, LLC. and is copyright (c) 2009 by 401khelpcenter.com, LLC. All rights reserved. No reproduction without prior authorization.
OneFiduciary Group, LLC is a Registered Investment Advisor.
THIS E-NEWSLETTER IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED AS LEGAL, TAX OR INVESTMENT ADVICE.
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