The retirement plan industry has been waiting for an updated “definition of fiduciary” regulation from the Department of Labor since 2010. On April 14, 2015,we got it—and at first glance, it’s a game changer. Read full article...

One of my earliest defined benefit (DB) clients, in the early 2000s when actuaries still had broad discretion over interest rate assumptions, was using 8 percent as the discount rate for liabilities. As a quick explanation of what this means, an 8...

Prediction: Multiple employer plans (MEPs) will grow faster than nearly any other segment of the retirement industry over the next ten years. Read full article...

Ten years ago most advisers had never heard of a 3(38) investment manager, but today “3(38)” and “3(21)” roll off the tongue—we do love our numerical buzzwords in the retirement industry. Read full article...

Mark Twain famously quipped upon receiving an erroneous report that he had died, “The report of my death was an exaggeration.” Today we could say the same of multiple employer plans. Multiple employer plans (MEPs) were all the rage for the past few...

Open multiple employer plans (“MEPs”) are here to stay for all the right reasons―economies of scale, a favorable effect on societal retirement coverage, outsourcing of responsibility to professional fiduciaries, and an elevated level of governance...