Risk Management: Employee Retirement Plans
Castle Rock jumps through hoops to be among the best investment advisors. Not every investment advisor goes through the same rigorous training because these hoops are not legally required. We do not think that making best practices a legal requirement will diminish our status as one of the best firms around, but we do think […]
What’s Going On?
A fiduciary duty, the obligation to uphold the clients’ interest above all else, is Phyllis Borzi’s long sought and tunneled for goal that we at Castle Rock uphold and agree whole-heartedly with. Together, our standards are the highest in the retirement industry. She says that, like in the movie Groundhog Day, bad policies keep being […]
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 […]
How May I Help You?
Castle Rock is dedicated to making retirement transition easy for you. One of the best ways to do that is to be with you in retirement transition and throughout the different stages of your retirement. We are excited to announce that we will soon offer a Retirement Transition Service to ease the retirement process for […]
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 […]
2013 Compliance Calendar
We realize that the onset of a new year means many deadlines for our industry. To help you, Castle Rock Investment Company has compiled a compliance calendar to help you keep track of all of the important 2012 compliance dates! Click Here to View the 2013 Compliance Calendar For more information, please contact us at […]
408(b)(2) Regulation Checklist
The Department of Labor (“DOL”) published its final regulations under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (ERISA) in February 2012, specifying the disclosure requirements of retirement plan service providers (“fee disclosure rules”). Plan sponsors as “responsible plan fiduciaries” of covered plans must ensure that they receive all of the information […]