Monthly Archives: August 2016

Rollover Relief – Savers can Now Receive a Waiver to Extend the 60-day Deadline

Until now, retirement savers normally had just 60 days to roll over their 401(k) or IRA accounts before the account becomes taxable. Generally, this is plenty of time to effect a rollover, but occasionally hiccups happen – anything from a post office delay to a family illness – and the resulting tax burden, including a 10% penalty tax for account holders younger than 59 ½, can be devastating to a retirement nest egg. Read more »

Arnerich Massena Sponsors Polo Noir

Polo noir

Saturday, September 10 is Polo Noir, a “single day experience in Portland, celebrating the sport of kings, Oregon wine, & live music.” Opening ceremonies begin just after noon, followed by two polo matches, a divot stomp, and live music from three-time Grammy Award-winner Ben Harper and special guest Ellen Harper. “The event of summer,” as it is dubbed, will be held at the Portland Polo Fields, home of the Hidden Creek Polo Club in West Linn. Read more »

Excessive Fee Lawsuits in Higher Education Retirement Plans

Just as we blogged about the growth of excessive fee lawsuits in retirement plans, the news reveals that Yale, MIT, and NYU are all now the subjects of lawsuits alleging that their defined contribution plans charged employees excessive fees. On Tuesday, August 9, all three universities were sued by participants for breach of fiduciary duty, claiming that the plans used higher-cost retail mutual funds rather than other, lower-cost share classes. Read more »

Are Retirement Plan Fee Lawsuits on the Rise?

gavelReviewing and benchmarking your retirement plan’s fees is not a waste of time. When new fee disclosure legislation came out a few years ago, there was a flurry of interest in plan fees, and many participants stood up and took notice for the first time. The attention paid to fees has now begun to yield its foreseeable result: fee lawsuits. Read more »