Category Archives: Fiduciary updates

How to engage with the next generation of donors

You’ve spent years – decades – building a strong donor base, but now your donors are passing their wealth to the next generation. You know this cohort has different values, different forms of communication, and a different way of being in the world. How do you learn to connect with this new generation, and build new relationships that will establish your next decade of donors?

 Our infographic provides some tips that can help: Read more »

Plan sponsors and providers are plagued by the “curse of knowledge,” tending to overuse jargon

What is the “curse of knowledge?” The curse of knowledge is a well-known heuristic in behavioral economics. If you’ve ever tried to teach someone a skill or concept that you are familiar with, you may have encountered this. The curse of knowledge makes it difficult to understand perspectives that don’t have the same foundation of information; for experts in a given area, it’s hard to imagine not having the knowledge you have. Explaining to someone who doesn’t have your background of knowledge can be more challenging than you might imagine, as you try to describe concepts that feel like second nature to you. Read more »

Should Your Plan Engage in Fee Leveling?

Are participants paying their fair share of your plan’s recordkeeping and administrative fees? It may not be apparent, but the way some plans are structured, one participant may be paying far more in plan fees than another. A lack of transparency around fees for services provided can make this topic complex and lead to problems for fiduciaries, who often aren’t even aware of unfair fee practices. How can plan sponsors make sure fees are distributed evenly across your participants? Consider a process called “fee leveling,” which we consider a best practice for retirement plans. Read more »

Keeping College Affordable

Arnerich Massena recently released a white paper that outlines solutions to funding public university operating budgets in light of lower public funding sources at the state and local levels. Increasing tuition has provided relief to budget funding, but this solution comes at a high, undesirable cost to society. In order to solve this significant challenge, the paper identifies the following key solutions: Read more »

Legislative Updates: Fourth Quarter 2018

EXPANDING AND RETAINING ACCESS TO WORKPLACE RETIREMENT PLANS

In August, President Trump issued an executive order (EO) designed to broaden the availability of workplace retirement plans, especially for smaller employers who may be limited by rules and regulations, as well as to potentially limit unnecessary costs and burdens that may hinder the formation of the plans, with the ultimate goal being to strengthen retirement security in America. The EO further mandated that the Secretary of Labor examine the regulations on required minimum distributions from retirement plans as they relate to life expectancy and distribution periods. Read more »

Crafting a Participant Education Campaign: Arnerich Massena Featured in Defined Contribution Insights

The winter 2018 issue of Defined Contribution Insights – PSCA’s (Plan Sponsor Council of America) quarterly newsletter – features an article from Arnerich Massena director of communication Jillian Perkins about how to craft a participant education campaign. Drawing from the firm’s recent white paper, Retirement Plan Best Practices: Participant Education, the article offers a step-by-step guide to implementing a successful 401(k) education campaign. Read more »

Arnerich Massena Publishes New White Paper: Keeping College Affordable: How to Fund Public University Obligations in a Low-return Environment

Arnerich Massena’s newest white paper, Keeping College Affordable: How to Fund Public University Obligations in a Low-return Environment, examines the drastic decrease in public funding for state universities, asking the question: what can public colleges do to keep college affordable, and find the dollars they need to fund not only ongoing operations, but future investment as well? This paper takes a look at how to recoup those funding losses through strategies in spending, fundraising, and investment. Read more »

Legislative Updates: Third Quarter 2018

Student Loan Repayment Benefit Approved by IRS in Private Letter Ruling

On August 17, 2018, the Internal Revenue Service (IRS) released a Private Letter Ruling (PLR) approving employer 401(k) matching contributions based on an employee making student loan payments. The PLR approves a benefit for a workforce that is increasingly burdened with student loan debt, and is the latest in an overarching effort of government and employers to help relieve this burden. Read more »

Senior Consultant James Ellis Moderating a Panel at P&I DC West Conference

Arnerich Massena senior consultant James Ellis, CFA, will be moderating a panel at the upcoming Pensions & Investments West Coast Defined Contribution Conference. The conference, running from October 21 to October 23 in San Diego, CA, will help keep plan sponsors up to date on DC industry trends and best practices. The event will kick off with keynote speaker Joseph Coughlin from MIT discussing longevity economics and how “the new business of old age will change retirement and financial services.” Read more »