Fiduciary Governance

Washington Update: Slow-Moving Fiduciary Rule Partially Delayed
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Over the past decade, we’ve heard rumors of a new definition of “fiduciary” and saw the Department of Labor (DOL) issue proposed regulations, then withdraw those regulations, collect comments, reissue a new set of proposed regulations, and issue final regulations. President Trump called for examination of the final regulations, the effective date of the final  Read More →
Selecting Fiduciaries and Their Responsibilities
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
Employers are not required to offer employee benefit plans as part of a compensation package, but they are an advantageous way to attract and retain employees.  Despite their usefulness as a recruiting and retention tool, employee benefit plans carry hidden exposure for your company. If employers offer benefit plans, those plans must comply with the  Read More →
Washington Update – In the Crosshairs: What Tax Reform May Mean for Retirement Plans
Team SummitEmployer Resource Center, Fiduciary GovernanceComments are off for this post
While most people in the retirement plan industry have focused largely on the DOL’s Conflict of Interest Rule and its impact on advisors, recordkeepers, plan sponsors and plan participants, lurking in the background has been the potential advent of comprehensive tax reform — which puts retirement deferrals in the crosshairs. Retirement deferrals are one of  Read More →

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