5 Dangerous Fiduciary Assumptions

Fiduciaries, beware! Don't make assumptions about investment policy statements, target date funds, charging expenses to the plan, foregoing your fiduciary obligations, or depositing participant contributions. Remember, you don't have to go this alone. "Simply stated, if you lack the skill, prudence and diligence of an expert in such matters, you are not only entitled to get help — you are expected to do so."   Click here to read more. 

Source: NAPA Net

Small Plan Participant Files Excessive Fee Suit with Big Impact

A lawsuit has been filed regarding Voya charging excessive fees. "Having done some arguably flawed math, the plaintiffs extrapolate to the entire retirement plan universe serviced by Voya (some 47,000 plans), and claim that “based on the asset based fees charged to the Cornerstone Plan, Voya potentially earns over $1 billion a year in excessive compensation at the expense of the individual plans and their participants.” Click here to read more.

Source: NAPA Net

Additional Retirement Plan Relief for Hurricane Victims

The House and Senate passed H.R. 3823, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, on September 28 to provide additional disaster relief for those affected by Hurricanes Harvey, Irma, and Maria.  The bill would provide relief in areas such a early distributions and loans. The relief would be in addition to that already provided by Treasury/IRS, the Department of Labor (“DOL”), and the Pension Benefit Guaranty Corporation.  Read a full description of the relief provided in the bill here.

Girls Inc of Metro Denver

“Strong, smart, and bold” is the Girls Inc. inspiration! Girls Incorporated is about encouraging girls to step out in the world and to not be held back because of their gender. There are programs offered to help change their perspective and push them towards to a future they can have. Girls learn about self-defense, their bill of rights, business, music, art, cooking, etc. They learn that they can do so much in the world by being independent or having someone in their corner.

Everything happening at Girls Inc. demonstrates to girls how they are one step closer to a future that awaits them. One will grow up to be a writer, another a lawyer, or doctor, one might even become president, but that is up to them to make their dreams come true and up to many to help them achieve that dream. The staff at Girls Inc. works hard to create a safe and comfortable environment, and volunteers have a good time being role models. During the 2017-2018 school year, elementary and middle school girls are picked up when school is finished to come to Girls Inc. for programs or tutoring. Instructors are there to help with homework or give guidance.

To learn more about Girls Inc., click here to visit their website.

Source: Innovest