RPAG

Great Gray Group, an independent leader in #retirementsolutions and the parent company of Great Gray Trust Company, today announced that it has acquired RPAG. This strategic #investment demonstrates Great Gray’s commitment to driving growth by delivering innovative products, technology and services to improve the U.S. #retirementsector. Read full article here: https://hubs.li/Q038F1yW0

Boston-based Great Gray Group (Great Gray), the parent of Great Gray Trust Company, made a splash in the retirement plan industry on Thursday when it announced that it acquired RPAG. Rob Barnett, Great Gray Group's CEO, says “Ultimately, our goal is to make retirement planning smarter, simpler, and more effective." Read the entire article here: https://hubs.li/Q038B_JF0

Not an RPAG member yet? Let’s talk ROI. #Advisors spend countless hours on manual tasks that could be automated, but how much is it actually costing you? Catch the replay of our session with Luke Vandermillen Jr. to see the real numbers behind #efficiency, #automation, and profitability. 📊 Plus, Luke can run a free personalized #ROI report to show you exactly how much time and revenue you could be saving. Don’t let inefficiencies slow you down. Watch now and take the next step. https://hubs.li/Q038p_dG0

🎂Imagine finishing an #RFPExpress report in the same time it takes to frost a batch of cupcakes. 🍰With RFP Express, you can! ✨This streamlined platform lets #retirementplanadvisors quickly generate detailed reports and receive live-bid estimates from top #recordkeepers in under 2 minutes.⏳ #PlanFees

❓ Have an ERISA question? Get answers fast! One of the biggest perks of being an RPAG member is having direct access to our #ERISA specialists whenever you need them. Whether it’s #compliance concerns, #fiduciary responsibilities, or regulatory updates, our experts provide clear, reliable answers within 24 hours. 💡 Stay ahead of the curve with expert ERISA support at your fingertips by emailing support@rpag.com

From fiduciary lessons in collegiate ERISA lawsuits to 242(b)(2) elections and #RMD rules, this week's Retireminute is packed with key updates to keep you informed. Plus, it’s your last chance to get CE credits for your plan sponsors through our hosted webinar for Premium Marketing Members! 🔎 Check out the latest insights, updates, and marketing resources, now live here: https://hubs.li/Q037_Lgz0 #ERISA #PlanSponsors #Fiduciary

📢 Did You Know? Some Participants Can Skip RMDs... But Only Under Specific Conditions! Our #ERISA team recently answered a question that might surprise you: Can a plan participant legally skip required minimum distributions (RMDs) if they have a “242(b)(2)” election? The answer? Yes, but only under rare and specific conditions! 🔎 Understanding TEFRA 242(b)(2) Elections: Before the modern RMD rules went into effect in 1984, certain participants could make a TEFRA 242(b)(2) election under the Tax Equity and Fiscal Responsibility Act of 1982. If made before December 31, 1983, this election allowed them to follow the RMD rules that existed before 1984—which, in many cases, means they are not required to take RMDs today. 💡 Real Case Example: A 75-year-old retired participant had a large 401(k) balance but hadn’t been taking RMDs. The reason? They had a valid TEFRA 242(b)(2) election on file with their employer’s plan. Since they had never rolled over or transferred their account, their election remained intact ⁓AND⁓ they were not required to take RMDs under today’s laws. 🚨 Key Takeaways for Advisors: ✅ Only participants who made this election before December 31, 1983, are eligible. ✅ If a participant rolled over their account (to an IRA or another plan), the election became invalid, meaning they must take RMDs. ✅ Many plan sponsors and advisors aren’t aware of this rare provision, but it can be crucial for certain long-term participants. 📌 If you work with long-standing #retirementplan participants, it’s worth double-checking whether any may have a TEFRA 242(b)(2) election on file. ⁉️Have questions? Our ERISA team is here to help!

🍿With RFP Express, you can prepare a detailed report within the same time it could take to pop your popcorn. ⏲️Enjoy the convenience and speed of #RFPExpress, freeing up more time for the things you love. ✨Simplify your RFP process and savor the extra moments with RFP Express!🌐 #PlanFees #Benchmarking

💼The #DepartmentofLabor just released guidance on ethical AI use in the workplace, and it has big implications for #plansponsors and #advisors. How can #AI enhance financial planning without misleading participants? Get the key takeaways and see how to leverage AI responsibly. Read more here: https://hubs.li/Q037nTZg0

🥲 Missed Ashley Passow's digital session teaching you the Dos and Don'ts of LinkedIn? 😮 Luckily it's been recorded for you to view at any time! You can also download her presentation below and follow along with her. 👉 Click here to watch: https://lnkd.in/gzcBYE6r #marketing #LinkedIn #prospecting #LinkedInProfile #socialmedia