Innovative Benefit Planning Blog

March 2010 Retirement Plan Update Part 1

Posted On: March 17, 2010 | Categorized as: Company News, Retirement Plans

 It has been a busy year in Washington with stimulus, cap and trade and health care dominating the headlines. Behind the scenes, it has also been a busy year for proposals that will affect how employers manage their retirement plans. Currently, there is pending legislation in Washington regarding participant level investment advice and the way advisors are compensated for this advice.   Under the Pension Protection Act of 2006, it was OK  for plan sponsors to allow advisors to provide this service for participants as long as the person providing the advice was being paid a level fee regardless of the participant investment selection or was using a certified computer model to develop the participant's investment  allocation.  Under the proposed regulations, affiliates or employees of the advisor will also be required to receive level compensation regardless of the investment option that is chosen. In addition, compensation must now  be level for advisors using any certified computer model to provide advice.  These proposals will affect advisors who are employees of…


New Website Launched!

Posted On: February 26, 2010 | Categorized as: Company News

Innovative is pleased to announce the launch of our new website.  The site will make it easier for clients to register for events, locate previous compliance alerts and most importantly provide us with feedback for our services.  So please stop by the site and let us know what you think!


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