July Business Services
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Pollard & Associates
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Great Lakes Pension Associates, Inc.
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Retirement Planners and Administrators (RPA)
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Regional Sales Director (West) July Business Services
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Defined Contribution Account Manager Nova 401(k) Associates
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Retirement Solutions Specialists
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Fringe Benefit Group
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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July Business Services
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Greenline Wealth Management
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Senior Specialist 401k Recordkeeping T Bank N.A.
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New York City District Council of Carpenters Benefit Funds
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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DOL Provides Key ERISA Guidance on Purchase of Lifetime Annuities
Business of Benefits [Guidance Overview] July 14, 2015 "[FAB 2015-02] is an initial, but substantial, step in addressing one of the most pressing of the ERISA issues related to providing lifetime income from defined contribution plans: concerns by employers and their advisors regarding the potential of a substantial 'tail' of liability related to buying an annuity.... Addressing this 'fiduciary anxiety,' the DOL helpfully described the manner in which ERISA's six-year statue of limitations serves to restrict the 'window of liability' related to those purchases.... Next up will be guidance on a safe harbor, for the steps the fiduciary should take in choosing an annuity carrier." |
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