Brian Graff – ASPPA

Mike and I had a great conversation with Brian Graff, the Executive Director/CEO of the American Society of Pension Professionals & Actuaries (ASPPA).  We are looking forward to catching up with Brian when we visit Washington DC later this year to meet with other key stakeholders in the private pension system. Ryan, Brian and Mike during a break at the …

Blog Coverage

Over the course of the day we have received a lot of great coverage from bloggers.  Here are a few of the highlights: Retirement Plan Blog U.S. News and World Report Josh Itzoe- Fixing the 401k The Float Fi360 Blog Thanks for the links and the kind words!

All Set Up at LABC

We are all set up and ready to go at LABC.  We brought a large screen monitor to showcase the site.

The Site is Up!

After more than a year of work we are proud to announce that BrightScope.com is now in public beta.  Dan, Mike and I will be at the Hilton Hotel in Universal City all day tomorrow at the Los Angeles Benefits Conference for our launch.  We look forward to seeing everyone there. I will also be live blogging throughout the day …

Illuminating the Battle Lines Around 401k Fee Disclosure

I spent some time digging through the public comments to the rule proposed by the DOL on 12/13/2008 relating to Regulation 408(b)(2).  The comments paint a very clear picture about where individual firms and industry trade groups fall on each side of the debate. The battle lines have been drawn along the lines of economic interest. Participants, independent fiduciaries, independent/fee-based …

Obama's Transparency Pledge

BrightScope believes that a healthy dose of transparency can do a world of good for the 401k market.  As Supreme Court Justice Louis Brandeis once said, “Sunlight is the best disinfectant.”  With complete information on fees and service provider conflicts of interest, plan sponsors and participants can make more informed decisions. Fortunately for believers in transparency the new Obama administration …

Update on 408(b)(2)

The Fi360 blog is reporting that the DOL is expected to withdraw 408(b)(2) and the regulations on participant disclosures. For those not familiar with 408(b)(2), it is the proposed Department of Labor regulation that aims to provide more effective disclosure of indirect compensation by plan service providers. The withdrawal of the regulation would be a significant development, though I would …

Nutritional Labels

Earlier this week the Wall Street Journal ran an article about the trend towards additional nutritional labeling in grocery stores and restaurants. According to the article, many grocery chains are adding their own health labels to supplement the labels that are found on the products themselves. As a consumer I think this trend is a good thing. While I don’t …

BrightScope Launch on January 29th!

BrightScope is excited to announce its full launch date will be Thursday, January 29th.  On that day everyone will have full access to www.BrightScope.com.  If you just can’t wait until January 29th please visit www.BrightScope.com today and sign up for the private beta.  While we can’t guarantee access to everyone before our full launch date, we will try our best …