Library

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 16: Are you falling in the “average participant” trap?

January 31, 2018 | Retirement Plans

Behavioral finance helped retirement experts understand that everyone, including participants, sometimes behave irrationally. Investment practices is one of the best examples. Most people fear loss more than they delight in gain—and as a result, they invest too conservatively even though they …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 16: Three Reasons Plan Sponsors are Considering CITs – or Should Be

January 31, 2018 | Retirement Plans

In a recent survey of retirement plan sponsors and advisors, Manning & Napier found 60% of employers would consider offering a Collective Investment Trust (CIT) or other alternative investment vehicle to a mutual fund if it has the same objective, but lower fees in order to reduce their …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 15: Fiduciaries: “Can someone just tell me what to do?”

September 13, 2017 | Retirement Plans

Eight of ten employers say they’re concerned about an increase in fiduciary litigation. And more than a quarter listed fiduciary liability and litigation as their top 401(k) concern. Employers’ concern is understandable. Although most employers would confidently say they have the best …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 13: Fiduciary Fee Reasonableness

March 08, 2017 | Retirement Plans

Fee reasonableness is a fundamental and widely discussed fiduciary topic. Despite the importance of the topic, the Department of Labor (DOL) hasn’t given much insight or guidance as to what is considered a reasonable fee. As a result, much of the interpretation of what is and is not reasonable …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 13: Breaking Down CITs

March 08, 2017 | Retirement Plans

Recent notable court cases which talk about at least considering Collective Investment Trust Funds (CITs) include Ameriprise Financial and Lockheed Martin – both with settlement agreements stipulating that plan sponsors consider using CITs in the plan. CITs are often less expensive to create/ …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 12: Trump and the Fiduciary Rule—Managing Uncertainty

December 07, 2016 | Retirement Plans

With Donald Trump named president-elect, a myriad of current policies have been put into question - including the Department of Labor’s Fiduciary Rule. While this rule is not set to take effect until April 2017, there is question as to whether Trump’s election could halt its implementation. …

James Esposito

Qualified Plans Consultant

Library » Converge, Volume 12: What’s New with the Form 5500?

December 07, 2016 | Retirement Plans

The Department of Labor’s (DOL) new conflict of interest rule creates many new administrative requirements and disclosure requirements for fiduciaries. The requirements themselves can be daunting, but so too is the prospect of enforcing compliance. For that, the DOL empowered the plaintiff’s …

Shelby George

Senior Vice President, Advisor Services

Library » Converge, Volume 11: Managing Litigation Risk

September 26, 2016 | Retirement Plans

The threat of a lawsuit is scary. With a new class action filing making headlines daily, many plan fiduciaries think they could be next. Unfortunately, too many fiduciaries try to pacify litigation fears by focusing on allegedly poor plan decisions cited in the headlines. Often the result is …


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