Retirement Plan Advisor Noel J. Wolfe, CRPS®, PRP®, AIF® Joins The Retirement Advisor Council

East Granby, CT – March 3, 2014 Noel J. Wolfe, CRPS®, PRP®, AIF® has joined the Retirement Advisor Council effective January 1, 2014.

As a Corporate Retirement Director, Mr. Wolfe has dedicated 17 years to the retirement planning industry, providing ERISA fiduciary services, employee education, investment oversight, cost efficiency/fees review, benchmarking and methodology consulting. Mr. Wolfe services 85 retirement plan clients with 10,000 plan participants and $1.2 billion in plan assets.

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Retirement Plan Advisor Michael Devlin Joins The Retirement Advisor Council

East Granby, CT – February 18, 2014 Michael Devlin has joined the Retirement Advisor Council effective January 1, 2014.

As a Principal for BCG Terminal Funding Company in Braintree, MA, Mr. Devlin has dedicated 17 years to the retirement planning industry as a third party advisor for pension plan de-risking strategies. BCG Terminal Funding Company specializes in SPGA Buyout Contract placements, DOL/fiduciary due diligence and annuity provider selection support services for the terminal and maturity funding business market.

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Amy Glynn Joins the Retirement Advisor Council

East Granby, CT – February 18, 2014 Amy Glynn has joined the Retirement Advisor Council as a member-at-large, effective January 1, 2014.

As President of The Pension Resource Institute in South Boston, MA, Ms. Glynn has dedicated 20 years to the retirement planning business. She is the founder of the Women’s Executive Network and is a frequent keynote speaker and panelist in the industry. The Pension Resource Institute is a nationwide firm that assists Advisory firms with establishing and maintaining compliant and profitable strategies in the ERISA marketplace.

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Retirement Plan Advisor Michael M. Kane, CLU, ChFC, AIFA®, CBFA™ Joins the Retirement Advisor Council

East Granby, CT – February 18, 2014 Michael M. Kane, CLU, ChFC, AIFA®, CBFA™ has joined the Retirement Advisor Council effective January 1, 2014.

As Managing Director for Plan Sponsor Consultants in Alpharetta, GA, Mr. Kane has dedicated 30 years to the retirement planning industry, providing effective financial strategies for plan sponsors in qualified, nonqualified retirement and employee benefit programs. Plan Sponsor Consultants serves 125 retirement plan clients with 15,000 plan participants and advises on over $1 billion in plan assets.

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Retirement Advisor Council Elects Board Member Adrian Hodge

East Granby, CT – May 13, 2013. On Tuesday April 30, 2013, the Retirement Advisor Council elected Adrian D. Hodge, Senior Vice President, Workplace Investing to its Executive Board, representing the Service Provider college.   Mr. Hodge joins Timothy J. Black (Director, Retirement Plan Consulting, NFP 401(k) Advisors), Jim O’Shaughnessy, AIF®, PRP™ (Managing Partner, Sheridan Road Financial), Patrick J. Rieck, CRPS®, QPFC, QPA,QKA, AIF® (Executive Director, National Retirement Distribution Manager, Morgan Stanley), and Gene Huxhold (Senior Managing Director, DCIO, John Hancock Mutual Funds).

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Study Finds 401(k) Plan Sponsors Favor RFP Process in Hiring Retirement Plan Advisors

East Granby, CT – April 8, 2013. A report titled “What Type of Financial Advisor is Right for My Plan?” published by the Retirement Advisor Council, shows plan sponsors turning to formal RFP searches to find the correct Retirement Plan Advisor for their plan. Formal RFP searches have been firmly embraced by plan sponsors and are now the standard method for selecting a Professional Retirement Plan Advisor in many segments of the employer population.

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Study Finds Employers Oppose State-run Retirement Plans for Private Employers

East Granby, CT – March 25, 2013. A report of “Legislative and Regulatory Developments Plan Sponsors Need to Follow in 2013” published by the Retirement Advisor Council reveals strong employer objections to state-run plans such as those recently proposed by legislatures in California and Massachusetts. Specifically, employers in focus groups voice concern about the lack of transparency, lack of customization, risk that assets will be siphoned off for other purposes, lack of participant faith in the system, and lack of Advisor involvement.

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Request For Proposal Template For Retirement Plan Advisor Search Freely Available

East Granby, CT – July 9, 2012. The Retirement Advisor Council made public and freely available a template Request for Proposal (RFP) questionnaire for use by 401(k) and 403(b) plan sponsors looking to select an Advisor.   The document covers all the elements of service typically available from Professional Retirement Plan Advisors, including investment services, participant services, provider services, fiduciary support, and compliance support. This customizable document includes 65 questions on five pages. You can obtain the template RFP questionnaire in Microsoft Word document form on the Web site of the Council at www.retirementadvisor.us. The template is provided for use without copyright restrictions.

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Report Advocates for Consistent 401(k) / 403(b) Contributions In The Range of 10% to 16% of Pay Over a 30-Year or 40-Year Career

East Granby, CT – May 11, 2012. The Retirement Advisor Council published a Position Paper on the concept of Retirement Readiness and what it means for the 401(k) and 403(b) plans industry.   The Position Paper concludes that for many, target income replacement ratios should be higher than the 70-75% conventionally accepted as a rule of thumb. The higher ratio is to account for the projected cost of healthcare in retirement, and traditional financial planning concerns such as personal health, children education needs, and the cost of caring for elderly relatives. Regardless of target income ratio, the six panelists call for consistent contribution levels in the range of 10% to 16% of pay over a 30-year or 40-year career.

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Study of 401(k) Plans and 403(b) Plans Demonstrates Benefits of Partnering with a Professional Retirement Plan Advisor

East Granby, CT – January 13, 2012. The Retirement Advisor Council reports findings of a fundamental research study demonstrating impactful benefits of partnering with a Professional Retirement Plan Advisor for 401(k) and 403(b) plan sponsors.  This study is the first of its kind; never before has anyone collected data quantifying the benefits of plan sponsors partnering with a Professional.

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DC Plan Investment Council Elects Board Members Black, Davis, Gannon, O’Shaughnessy, and Rieck

East Granby, CT – August 1, 2011. On July 18, 2011, the DC Plan Investment Council elected its first Executive Board.   Two rounds of voting led to the election of Timothy J. Black, AIF® (Senior Vice President, Mosse and Mosse Associates), Jim O’Shaughnessy, AIF®, PRP™ (Managing Partner, Sheridan Road Financial), Patrick J. Rieck, CRPS®, QPFC, QPA,QKA, AIF® (Executive Director, National Retirement Distribution Manager, Morgan Stanley Smith Barney), Stephen Davis (Head of Mid Market Sales, ING), and Matthew D. Gannon (Director, Defined Contribution Investment Solutions, MFS Investment Management).

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DC Plan Investment Council asks the Department of Labor to review rules and regulations that limit participants’ ability to turn to their plan advisor for advice at the time of retirement

East Granby, CT – March 15, 2011. The DC Plan Investment Council submitted to the Department of Labor a Position on Rollovers from Plan Assets urging the Department to review rules and regulations that limits participant access to advice when they need the help most. The Council is advocating for an exemption from prohibited transaction status for the provision of advice to participants by the advisor(s) to the plan at the time of a distributable event.

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