Single Point of Contact Model Research - November 15, 2015

Transfer agency operations in the investment services industry have traditionally deployed separate call center and processing functions. Some firms now deploy a single point of …

Medallion Signature Guarantees – Addressing the Challenges for Clients - June 24, 2015

Filed under: Customer Service

Increasingly, customers note that they are unable to obtain Medallion signature guarantees (MSGs) from financial institutions such as Bank of America.  Common reasons customers need …

Lifetime Income Through Target Date Funds in 401(k) Plans - January 5, 2015

This fall, the Internal Revenue Service (IRS) released Notice 2014-66, which outlines how target date funds that include deferred annuities in their assets can be …

Internal Revenue Service Clarifies One-Per-Year Limit on IRA Rollovers - December 29, 2014

Recently, the Internal Revenue Service (IRS) issued additional guidance (IR-2014-107) with regard to the new “One-Per-Year” Limit on IRA rollovers, which goes into effect on …

FATCA Relief under IRS Notice 2014-33 - August 28, 2014

In Notice 2014-33, issued on May 2, 2014, the IRS has offered some relief with regard to compliance with the Foreign AccountTax Compliance Act (FATCA). …

Internal Revenue Service Issues Announcement 2014-15 - August 5, 2014

Recently, the Internal Revenue Service (IRS) issued Announcement 2014-15, which redefines the application of the one-rollover-per-year rule for Individual Retirement Accounts (IRAs). Previously, the IRS …

Compliance Calendar Q3 2014 - July 11, 2014

Filed under: Compliance Calendar

July 29 Date by which Summary of Material Modification (SMM), describing any plan changes in 2013, is due to the retirement plan participants for plans …

Department of Labor Proposes Guide - June 28, 2014

Filed under: Department of Labor

On March 12, 2014, the Department of Labor (DOL) requested comments on a proposed rule change that would require service providers to provide a guide …

American Taxpayer Relief Act of 2012 - March 7, 2013

In-Plan Conversions to Roth Accounts The American Taxpayer Relief Act of 2012 includes a provision that allows defined contribution retirement accounts not otherwise distributable to …

Qualified Charitable Distributions Reinstated - March 7, 2013

Beginning in 2006, the IRS permitted taxpayers who had attained age 70½ to make “IRA Charitable Rollovers” or Qualified Charitable Distributions (QCDs) directly to eligible …