Are you In or Out?

What sense does it make to pay for investment advice that comes from someone who is putting his or her interests before yours? The Department of Labor, through Phyllis Borzi, is fighting to make sure that a loophole allowing conflicted advice to retirement plans is closed. As of last week, an online petition was started […]

In-plan Roth Rollovers: the latest topic

Get out your red pen, folks: serious revisions to the rollover options for your plan. Today we’re looking at how you will need to revise your Plan Document in order to offer in-plan Roth rollovers and a few highlights. In-plan Roth rollovers of otherwise non-distributable amounts are treated as eligible rollovers, meaning that no withholding […]

Sometimes life isn’t fair…for a fiduciary.

  Sometimes the law isn’t fair. But sometimes, it seems unfair because you don’t know the rules. In the recent case of Santomenno v. John Hancock, poor understanding led plan sponsors to agree to terms that led to excessive fees charged by the service provider to the plan. Either the plan sponsors were unaware of […]

Retirement Security with Simplicity and Ease

While “Retirement Security with Simplicity and Ease,” is Castle Rock Investment Company’s tagline. nothing is actually easy or simple about figuring out retirement plans. To give an example, we are in the trenches this week – up to our ears in work. Our team works tirelessly because we care about our clients’ employees’retirement accounts that […]

In-Plan Roth Rollovers

On November 26th, 2010, the IRS provided guidance relating to rollovers from 401(k) plans to designated Roth accounts in the same plan (“in-plan Roth rollovers”).  They used a Q&A format (20 questions) and below is a summary of three key questions. Q-2.  What amounts are eligible for in-plan Roth rollovers? A-2.  An amount is not eligible for […]

FBi Knocking on Your Door

Fiduciary Benchmarks, Inc. (FBi) has developed the industry’s most advanced benchmarking tool that satisfies the fiduciary obligations under ERISA and proposed regulation 408(b)(2).  In addition to the benchmarking of fees, services and success measures, FBi will offer industry research based on the aggregate data gathered as part of their benchmarking business. The biographies and depth […]