NWCM’s Fiduciary Focus Edition 2

NWCM is pleased to present the second edition of our Fiduciary Focus publication, a summary of key fiduciary and regulatory topics tailored especially for plan sponsors. This edition focuses on cybersecurity and is designed to provide insights and guidance relevant to retirement plan management and administration. We recommend you save this document and we invite […]

Market Overview 3Q21

2021 estimates as outlined in the FOMC’s Summary of Economic Projections Evergrande, China’s second largest real estate developer by sales, is on the brink of collapse after the country’s central bank tightened credit and tried to address its overbuilding problem. As China continues to tighten, it wouldn’t be a surprise to see more leveraged companies […]

Plan Legislative and Regulatory Update 3Q21

The Supreme Court has agreed to hear Hughes v. Northwestern University, a case involving allegations related to excessive investment and recordkeeping fees. The plaintiffs in the case claim that Northwestern University breached their fiduciary duty of prudence under ERISA by forcing plan participants to pay excessive recordkeeping fees and offering mutual funds with higher fees…(Click […]

Market Overview 2Q21

After a dozen years of fighting deflation, COVID has created a series of (not so) “tiny bubbles” reminiscent of the old Lawrence Welk Show. The market is in a perpetual state of everyone wanting the same things at the same time. During the throes of the pandemic, it was toilet paper, yeast, and home organization […]

Plan Legislative and Regulatory Update 2Q21

On April 14th, the DOL released new guidance for plan fiduciaries, recordkeepers, and plan participants on cybersecurity best practices. 1 The goal of this guidance is to provide clarity and tips on maintaining and protecting online retirement accounts. The guidance was provided in three forms…(Click the image below to download a PDF copy and for […]

Market Overview 1Q21

After a historically tumultuous 2020, we could have all used a breather. Instead, the first week of 2021 saw the storming of the U.S. Capitol by protesters trying to stop the presidential election certification. Hundreds have been arrested since then, and security remains tight in Washington, D.C. against a backdrop of heightened tension….(Click the image […]

Plan Legislative and Regulatory Update 1Q21

On March 10th, the Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) announced that the recent final rules on “Financial Factors in Selecting Plan Investments” and “Fiduciary Duties Regarding Proxy Voting and Shareholder Rights” will not be enforced. Likewise, enforcement actions will also not be pursued against any plan fiduciary based on a failure […]

Introducing the NWCM Fiduciary Focus

NWCM is pleased to introduce the inaugural edition of Fiduciary Focus, a summary of key fiduciary and regulatory topics tailored especially for Plan Sponsors. Each edition of the Fiduciary Focus will be designed to provide insights and guidance relevant to retirement plan management and administration. We invite you to share this with your network of […]

2021 Defined Contribution Compliance Calendar

This compliance calendar is designed to help Defined Contribution Plan Sponsors stay up to date on 2021’s important regulatory deadlines. Please note, this calendar is meant for informational purposes only and not to be all-inclusive. For additional information, please reach out to your recordkeeper or third-party administrator. Click the calendar image below to view the […]