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Q2 2022 Quarterly Client Update

With inflation at multi-decade highs and inflation expectations inching up, the Fed has reprioritized its focus from supporting growth to quickly taming inflation. The Fed has stated (unequivocally, to our ears) that they would gladly risk a recession now via restrictive policy to avoid the bigger risk of higher and more entrenched inflation later. This is the right long-term policy, but means that economic growth will slow in the near term.

White Papers

Hughes v. Northwestern University: A Message to Fiduciaries from the Supreme Court

“That reasoning was flawed.” With those four words, the Supreme Court of the United States reaffirmed that retirement plan fiduciaries’ responsibilities apply independently to each investment option. Offering a lot of investment options does not eliminate the responsibility related to each of them. Offering some cheap investment options does not excuse expensive ones. Offering some stronger performers does not excuse poor performers. The bad stuff is not okay simply because there’s also some good stuff.

This paper, written by Matthew Eickman, J.D., AIF®, national retirement practice leader, underscores why plan fiduciaries must take notice of this ruling. It will help plan sponsors and their responsible plan fiduciaries to assess whether the ruling is a really big deal or no big deal at all. In either scenario, this White Paper provides a set of best practices for identifying, understanding, and mitigating related risks.

Featured Articles

401k Specialist Features the 2022 Qualified Plan Fiduciary Summit

More than 200 plan sponsors, recordkeepers, financial advisors and fiduciary thought leaders gathered on April 18 and 19 for the 14th Annual Qualified Plan Fiduciary Summit. Back in person for the first time since the world shut down for the pandemic, the excitement in the room was palpable. Our partners at 401k Specialist magazine summarized the key messages and positive mood from the event.

Key Challenges Facing Plan Sponsors Tackled at Qualified Plan Fiduciary Summit

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