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The Rise of Collective Investment Trusts
Collective Investment Trusts, also known as CITs, have continued to make headlines in the retirement plan industry. In the evolving retirement plan landscape, CITs are gaining traction as an attractive investment vehicle for participants and plan sponsors. Once a niche offering, CITs are becoming increasingly popular among plan sponsors and participants due to their cost […]
Read StoryA Guide for Retirement Plans: Transitioning from Balance Forward to Daily Recordkeeping
When managing retirement plans, the choice between daily and balance forward recordkeeping is an important consideration. Both methods have their advantages, but many modern-day plans are shifting towards daily recordkeeping for its distinct benefits. Here we look at the differences between the two, the potential advantages of daily recordkeeping, and what a transition process might […]
Read StoryExploring the Benefits of Streamlining Retirement Plan Providers
In today’s fast-paced, digital-first business environment, efficiency is key to maintaining a competitive edge. When it comes to managing retirement plans, consolidating your plan providers can offer significant advantages. First, it’s important to know the different roles of providers within a retirement plan. This can be relatively straightforward if your organization offers a single plan […]
Read StoryPension Credit for Prior Police Department Service – Senate Bill No. 464
Senate Bill No. 464 was signed into law by the Governor on July 8, 2024. This bill allows for a city (except first-class cities), borough, town, township or regional police department to amend its plan to allow full-time officers who have satisfied the vesting requirements the option to purchase up to five years of pension service credit for prior part-time or full-time police service provided in a police department.
Read StoryStable Value Funds and Market Value Adjustments
Stable value funds and market value adjustments (MVAs) have been a topic of discussion recently due to the changing interest rate environment over the last 18 months. With the increase in rates, MVAs are being assessed at a higher rate to protect against potential losses.
Read StoryESOPs and Investing Non-Employer Stock Assets
When it comes to Employee Stock Ownership Plans (ESOPs), much of the focus tends to be on employer stock. However, fiduciary responsibility extends beyond just managing these shares. It also includes the “Other Investments” account within the ESOP, which can significantly impact the financial wellbeing of plan participants.
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