The RPAG Scoop - Episode 23
RPAG
Welcome to the RPAG Scoop where we are giving you an investigative look into the retirement industry through the RPAG looking glass. In the April edition of The RPAG Scoop, we have exciting releases, upcoming events, DOL updates, and answers to frequently asked questions!
(0:37) Ashley Passow shared April updates: Q1 Scores will release April 15. Fund balances for PAL-linked plans will show by April 20, and for direct data users by month-end. Stable Value fund data will be available 30–45 days after quarter-end, and GIC data in 45–60 days. A webinar on Plan Asset Links with Kristy Smith will be held April 23 at 10 a.m. PT, and past sessions like the 2020 National Conference are available on RPAG’s YouTube channel.
(3:23) Melody Ravanipour introduced the new Retirement Technology Partnership Program, connecting members with innovative asset managers and exclusive discounted CIT Strategies. The first exclusive share class, sub-advised by Victory Capital and trusteed by Great Gray Trust Company, is now available. flexPATH sub-advised CITs remain accessible. If you're attending the NAPA 401(k) Summit, visit RPAG at booth #215 and Great Gray at #413 and #414, where there will also be a golf simulator giveaway. Office hours will be available with Jesse Taylor, Luke Vandermillen Jr., Martin Graham, and Da’Ron Jennings. Join Dan Dal Degan on April 29 at 9:40 a.m. and Jesse Taylor on April 30 at 9:15 a.m. for retirement-focused sessions.
(8:37) Jenny Kiffmeyer covered the DOL’s new Self-Correction Program under VFCP. Plans not under DOL investigation can self-correct late deferral deposits and loan failures by correcting errors, submitting an online notice, and keeping detailed records. Once approved, sponsors should retain the DOL email acknowledgment and disclose late deposits on Form 5500.
(16:05) Melody reminded members that the Road to Success Miniseries is now live on YouTube and RPAG’s website, featuring sessions on the portal, Scorecard strategies, benchmarking, and social media marketing.
(18:53) Alexis Patenaude explained that the Expanded Fees tab captures full fee details that feed into the Fees tab summary. Changes to the Expanded Fees tab update the Fees tab, but edits to the Fees tab only impact the PlanFees Suite.
Thank you for looking at the clues with us this month, we hope you enjoyed learning alongside us. To see next month's, join us Monday, May 5.
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