401(k) Seminar

401(K) LUNCHEON SEMINAR, June 7, 2016

Update – New DOL Rules and Regulations

We understand everyone has a great deal going on, so we wanted to provide a brief overview of the 401(k) Seminar we recently hosted on the new DOL rules and regulations.  Below are some highlights of the conversation:

  • A few major provisions to the 2016 DOL Regulations include:
    • New definition of “investment advice”
    • Necessity of a “recommendation” to be considered a fiduciary
    • Effective and applicability dates
  • Impacts on plan sponsors:
    • Plan sponsor trustees responsible for hiring an investment advice fiduciary
    • Investment adviser’s compensation may not vary based on the recommendations
    • Additional disclosures may be required for plan sponsors and participants

    If you would like to learn more about this topic, please contact us at mfg@mackfinancial.com or 317-805-6700.

     MFG Retirement Services Team

Retirement Services Team

Quinn Buckner

Senior Partner | Financial Advisor

qbuckner@mackfinancial.com

317.805.6712

Holly Hynes

Director of Retirement and Client Services

hhynes@mackfinancial.com

317.805.6706

We work with you to ensure your retirement programs: are priced fairly and efficiently; capture competitive investment returns by having a disciplined process for evaluating investment options; meet your retirement needs of your participants—including highly compensated employees; and adequately educate employees on making sound investment decisions.

Our specialty services are designed to give plan sponsors and fiduciaries

full confidence they are meeting their responsibility to maintain a sound and competitive retirement program. Our process—including review, analysis, management and oversight—helps clients scrupulously maintain plans such as:

  • 401(k) Savings Plans
  • Thrift Savings Plans
  • Profit Sharing Plans
  • Money Purchase 401(a) Plans
  • 403(b) Savings Plans (ERISA and Non-ERISA)
  • Defined Benefit Pension Plans