Group Plan Systems, a San Diego, California-based operational fiduciary for employer-sponsored retirement plans, has signed an agreement with JULY Business Services to serve as record keeper and third-party administrator to a pooled-employer plan for which Group Plan Systems will serve as the pooled plan provider.
The plan is constructed to serve start-up and small plans but can be used by broker-dealers and investment advisers to develop group plans for any size client, said Jason C. Roberts, an ERISA attorney and co-founder of GPS. “We have no interest in hiring or firing 3(38) managers, so we have carefully engineered the plan documents to put that duty solely in the hands of each employer, which is consistent with the letter and spirit of the SECURE Act.”
“The White House has extremely strict ethical guidelines with respect to issues like this,” said Press Secretary Karoline Leavitt.
Just how much does it cost for a financial advice exec to stay out of prison?
The advisor both prices FSK's private loans and gets paid on those prices, the suit claims
The proposal would end decades of paper-first delivery rules, but keeps a paper opt-out and draws early praise from fund and annuity industry groups.
The Trump accounts are “generationally changing” and bring financial literacy to youth, said IRS chief Frank Bisignano.
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Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
