Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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3 Matching News Items |
1. |
Kicking Alfred Hitchcock Out of ERISA Plans
QP Steno Blog Feb. 18, 2016
"Hitchcock left your imagination to do the dirty work. He knew that your imagination could fill in expertly placed gaps.... But when there are gaps left in ERISA plans, we end up with much worse than just a start.... [I]t is important to recognize that liability that is already out there cannot be put back in the bottle.... [E]mploy a process to insure that you have done and are doing what you promised you would do.... [E]mploy a system to utilize exemptions in the proposed Department of Labor Fiduciary Rule."
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Why Your 401(k) Adviser May Be Underpaid
QP Steno Blog Feb. 11, 2016
"They have to know all of the things that a standard financial advisor knows...in addition to everything retirement plan related.... They commit to improving themselves to better serve you.... They have a serious time commitment.... They will have a fiduciary liability."
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3. |
Advisors Mostly Absent in 401(k) Litigation But One Document Could Change That
QP Steno Blog Feb. 4, 2016
"By employing a system that tracks activity of a CSP and services stated in the 404(a)(5) disclosure, a responsible plan fiduciary can efficiently display that they have monitored and documented that a CSP has delivered the stated services for which they have been compensated. Additionally, a compliance department can use the system to monitor that the services to which their representative has committed have actually been performed. A continual monitoring process of this nature, while more time consuming than a year end sign off, also affords the CSP the opportunity to rectify potential lapses before they become issues."
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