Benefits administration compliance reviews help ensure your administration provider is in fact doing what they were hired to do—provide administration consistent with the terms of service documents and internal procedures. Embedded in this simple statement are many critical elements: The plan requirements – which drive all activities – are accurate and current. The provider’s administrative […]
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Entries by curciowebb
Curcio Webb has over a decade of experience assisting plan sponsors with 3(38) provider searches, which are commonly referred to as Outsourced Chief Investment Officer searches. Phil Edwards and Uma Kolluri were recently interviewed for an article in PlanSponsor where they shared some of the market trends they see in the 3(38) fiduciary management marketplace. […]
There have been several class action lawsuits filed on behalf of participants in 401(k) plans sponsored by major employers. The commonality? Fidelity served as the recordkeeper and Financial Engines, Inc. (FE) provided participant-level investment advice and managed accounts services. It was alleged that FE had a relationship with Fidelity to gain access to Fidelity clients […]
Governance. Documenting your investment committee decisions isn’t exactly exciting – but it is necessary if you want to avoid problems down the road. Phil Edwards of Curcio Webb shares why it’s so important for investment committees for defined contribution plans need to spend time documenting their decisions. This video is part of a series on […]
Is your Investment Committee Focused on Outcomes? Most are not. Most investment committees spend 80% of their time managing investments. We believe you should think and plan more holistically to achieve the goals that are best for your company – and for plan participants. This video is the first in our series, Managing Defined Contribution […]
Your relationship with a Health & Welfare consultant is an important partnership that must be cultivated over time. However, there are signs that indicate when it’s time to start looking for a new consultant partner: Seeing High Turnover in Your Consulting Team. As consulting firms experience turnover, this could trickle down to your team. Some […]
The popularity of managed accounts is bringing more providers into the managed account providers market. As little as five years ago, plan sponsors were captive to a single managed accounts provider being associated with a recordkeeper. Because this is no longer the case, plan sponsors often have a choice between managed account providers. How you […]
Active health insurance exchanges are growing in popularity. Although adoption rates for active health insurance exchanges (HIX) have not yet reached the levels predicted when these delivery models first hit the market, steady growth continues as employers evaluate health & welfare benefit administration delivery strategies. The Kaiser Family Foundation and the Health Research & Educational […]
Are you meeting ACA reporting compliance standards? The United States Supreme Court’s ruling on the Affordable Care Act (ACA) (Burwell decision) has plan sponsors focusing on ACA reporting compliance. While there are a number of organizations that will help you with the required reporting, there are a few areas that first must be addressed.