We are here today with exciting news at an important time. Over the last year we have seen three significant retirement plan developments that affect you, as a plan sponsor or provider. The United States Supreme Court reminded fiduciaries of the importance of a continuous process of reviewing a plan’s investments. Participants have fallen further and further behind in the race toward retirement readiness. And now, the Department of Labor has expanded the definition of “fiduciary” – the most significant change to fiduciary responsibilities since 1975.
Plan sponsors, fiduciaries, trustees, committees, HR professionals, CFOs, CEOs, and providers all need more information to navigate those developments. In this digital age, you have an abundance of information available to you. Sometimes it can be too much.
Today we are launching the QPA Blog. We will use this Blog to timely and efficiently provide information you need. We will have content from a variety of our team members, including our ERISA attorneys and our participant educators, and I will share insight into the innovative approaches we are implementing to drive better participant results. We will start things off with commentary on the new “Fiduciary” regulation from our featured author, Matthew Eickman.
Matthew, one of our three ERISA attorneys, has more than 12 years of private legal practice experience and almost four years of fiduciary investment management experience. He is the Chair of the Defined Contribution Plans Subcommittee for the American Bar Association’s Employee Benefits Committee, and serves on the IRS TE/GE Gulf States Council. He will keep things practical, light, and direct. I think you will enjoy what he and our other team members will bring to you.
— Scott Colangelo, Managing Director