On July 6, 2017, the Department of Labor (DOL) will issue a Request for Information Regarding the Fiduciary Rule and Prohibited Transaction Exemptions (RFP). In the RFP, the DOL says that the retirement industry has responded to the Fiduciary Rule with innovations designed to reduce the likelihood of conflicts of interest. As a result, the DOL has determined that it would be helpful to seek public input that could form the basis of new exemptions or changes to the Fiduciary Rule and the currently existing Exemptions in response to these and other potential inn
Over the last several years, health care providers, including hospitals, health maintenance organizations, physicians, and physician groups, have experienced increased medical professional insurance costs. As a result, many have sought alternatives to the insurance policies and services offered by traditional insurance carriers. A popular alternative is a captive insurance company (or “captive”).
RMC Group will host the 2nd Annual RMC Open on Saturday, October 7, 2017, at Moorings Country Club in Naples. Moorings Country Club is located at 2500 Crayton Rd, Naples, FL 34103.
RMC Group will host its Annual Advanced Planning Seminar on September 14 and 15 at Aria Resort and Casino in Las Vegas, Nevada.
The RMC Group Advanced Planning Seminar will focus on risk management and retirement solutions for your clients. It will give agents and CPAs the tools to help clients plan for their future and protect what matters most to them. An agenda for both days will be available soon, including a workshop offering CPE credits.
Shane Biltz, RMC Group Vice President of New Business, was recently named the 2017-2018 President of the Insurance Professionals of Collier County (IPCC).
On May 22, 2017, the Department of Labor (DOL) issued Field Assistance Bulletin No. 2017-02 (FAB 2017-02) to announce a temporary enforcement policy with respect to the final fiduciary rule and the related prohibited transaction exemptions (PTEs).
To read the entire Field Assistance Bulletin, click here.
RMC Group announces that George Evenson, Vice President of Pensions, will retire effective June 1, 2017. We are also happy to announce that George has agreed to remain as a consultant to RMC Group and its clients on a part-time basis after his retirement.
A 412(e)(3) Plan is a defined benefit pension plan guaranteed with insurance company annuity and life insurance contracts. A 412(e)(3) Plan is also known as a “fully insured defined benefit plan”.
Click here to see a list of frequently asked questions regarding a 412(e)(3) Plan.
RMC Group, a consortium of leading insurance and actuarial consulting firms, announced its expansion into international operations in the United Kingdom, and Ryan S. Mitchell has been named President of European Operations. As of June 1, 2017, Mr. Mitchell will be working out of RMC’s London office, coordinating and overseeing RMC’s European reinsurance operations. Today we celebrated Ryan and his accomplishments with a luncheon to wish him luck in London.