CFDD (The Center for Due Diligence)

Business Systems Analyst - RS Defined Benefits
for MassMutual Financial Group in MA

Pension Administrator
for TPA Firm in Northern New Jersey in NJ

Product Manager - Retirement Services
for MassMutual Financial Group in MA

Part-time Onsite Participant Counselor - Orange County, CA
for Diversified in CA

Senior Defined Benefit Calculation Analyst
for Diversified in MA

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Best Practices to Maximize Consumer-Driven Health Plan Effectiveness
in California on August 30, 2011 presented by University Conference Services

Health Insurance Exchanges: PwC's Research on Insurer and Consumer Insights
Nationwide on September 22, 2011 presented by MCOL

Social Media and Readmissions: Roles, Limits, and Opportunities
Nationwide on September 27, 2011 presented by MCOL

Understanding the Differences Among Recordkeepers and Finding the Best Fit for Your Organization
Nationwide on September 29, 2011 presented by University Conference Services

Voluntary Fiduciary Correction Program Workshop
in Missouri on September 15, 2011 presented by U.S. Department of Labor, Employee Benefits Security Administration (EBSA)

DOL Argues for Expansive Reading of Amara Decision
"In the DOL's reading of Justice Breyer's obiter dictum, the Court didn't merely restate the truism that a fiduciary who improperly deprives beneficiaries of funds can be compelled to give the money back (an action known in equity as 'surcharge' and precisely what the McCravy decision held). Instead, the DOL argues that Amara fashioned an essentially new equitable remedy . . . ." (Steptoe & Johnson LLP)

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Court Agrees Minnesota Department of Corrections Early Retirement Incentive Plan Violates ADEA
"Under the [early retirement incentive plan], an employee who retired at age 55 would get employer contributions for health and dental insurance until age 65, but an employee who retired after age 55 would not. The appellate court agreed with a district court ruling that the early retirement incentives are 'facially discriminatory' . . . ." (PLANSPONSOR.COM)

Video: New Fee-Disclosure Rules: What Plan Fiduciaries Need to Know
"In this video webcast, two Vanguard experts explain the new fee-disclosure regulations for retirement plans and participants." (The Vanguard Group, Inc.)

Study Predicts California Pension Savings with Hybrid Plan
"Switching California state government pensions to a hybrid system that provides a modest monthly check plus a 401(k)-type savings plan could save taxpayers about $250 mil.lion right away and generate billions of dollars in savings in future years, according to a new study by a pension reform organization." (Los Angeles Times)

Investment Vehicles Appropriate for the Portfolio Size
"It is important for the fiduciary to be familiar with the universe of investment options (mutual funds, ETFs, and separate account managers to illustrate the more common investment vehicles), as no one implementation structure is right for all occasions." (fi360 Blog)

Plan Sponsors Cherry-Picking from Target-Date Series
"Rather than offer the complete lineup of a target-date series in their 401(k) plan, sponsors are selecting only those funds that fit the age and demographics of their employees." (Financial Planning via Employee Benefit News; free registration required)

Rhode Island Law Assures Municipal Bond Investors That Their Interests Will Not Be Impaired by Pensioner's Claims
"The new law enables the city's receiver to subordinate the pensioners' claims to bondholders, with chilling implications for public pensioners and employees who typically regard their claims to be ironclad by law as well as in the court of public opinion." (Governing)

Some Employers Replace—or Customize—the Target-Date Mutual Funds in Their 401(k)s
"The changes include replacing current funds with similar ones from other providers to reduce fees, or working with asset managers to create target-date portfolios tailored specifically for the employer and its workers. Some organizations are trying both approaches." (The Wall Street Journal)

Without 401(k), During Times of Market Volatility, It Would Be Worse
"I shudder to think what kind of market drops we would have experienced had 401(k) participants not been buying and holding when everyone else was selling." (David Wray via Profit Sharing / 401k Council of America)

Brief of Investment Company Institute as Amicus Curiae in Appeal of 401(k) Fee Case (PDF)
"The Plaintiffs in this action contend, inter alia, that decisions to make certain investment options available to participants in the Edison 401(k) plan violated the fiduciaries' duty of prudence under ERISA. Plaintiffs specifically contend that so-called 'retail' mutual funds offered by the Plan and the Plan's Money Market Fund would not have been offered by a prudent fiduciary. These contentions disregard the needs of defined contribution plans and important facts about these types of investment options." (Investment Company Institute)

Public Employee Pensions in the News Now and a Look at What Is to Come
"For starters, most employers will seek to increase incumbent employee contributions as much as tolerable for employees immediately and then by another 1 percent per year—at the same time they introduce lower benefits and higher retirement ages for new hires[.]" (Governing)

U.S. Postal Service Is Proposing to Withdraw from the Federal Health and Retirement Plans
"In a notice informing employees of its proposals—with the headline 'Financial crisis calls for significant actions'—the Postal Service said, 'We will be insolvent next month due to significant declines in mail volume and retiree health benefit pre-funding costs imposed by Congress.'" (The Washington Post; free registration required)

Employers Offer Group Legal Plans As Additional Supportive Benefit
"[A new survey] shows employees who have group legal plans took four less weeks to resolve their legal matter, took less time off work and were not as stressed." (Employee Benefit News; free registration required)

Great-West Retirement Services Releases A Comprehensive Template That Surpasses New Fee Disclosure Requirements
(Great-West Retirement Services)

Health Care Organizations Expect Health Care Reform Measures to Drive Higher Costs
(Buck Consultants, A Xerox Company)