Amy Resnick

New York

Chief Information Officer at Plan Sponsor

Financial Journalist at Freelance

Financial journalist. Fixed income/public policy nerd. Supporter of women in journalism, finance, life. Opinions are my own. RTs not endorsements.

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Articles

Single ERISA Claim Against Liberty Mutual Allowed to Proceed

2 weeks ago | plansponsor.com | Amy Resnick

A federal district court judge in Massachusetts issued a ruling in a class action lawsuit against Liberty Mutual on June 5, granting in part and denying in part the company’s motion for summary judgment. The ruling in Ahmed v. Liberty Mutual Group Inc. clears the way for one of the plaintiffs’ core claims to proceed, while narrowing the scope of the case.
PSNC 2025: I Survived an Audit

2 weeks ago | plansponsor.com | Amy Resnick

If a retirement plan is selected by the Department of Labor or the IRS for an audit, it is important that fiduciaries do not panic. Instead, they should make sure they are equipped with the right documentation and procedures to ensure mistakes are fixed in a timely and efficient manner, according to experts at the PLANSPONSOR National Conference in Chicago.
Addressing the “Alternative Investment Gap” in DC Plans

3 weeks ago | plansponsor.com | Amy Resnick

In our latest DC landscape survey, we explored defined contribution plan decisionmaker perspectives across a variety of domains. We found that overall satisfaction with respect to plan investments was relatively high, especially in areas such as asset class diversification, overall performance and cost. One area in which there appears to be a disconnect is alternative investments.
PRT Cost Drops in April as Discount Rates Rose

3 weeks ago | plansponsor.com | Amy Resnick

Offloading retiree pension risk to an insurance company became less expensive for plan sponsors in April, according to consulting and actuary firm Milliman, which tracks the cost of de-risking pension funds with its Milliman Pension Buyout Index. The firm estimated that in a competitive bidding process, average costs of a competitively bid pension risk transfer declined to 101.1% of a plan’s accounting liabilities in April from 102.5% in March.
The Scope of Financial Fraud in the US

3 weeks ago | plansponsor.com | Amy Resnick

Data from the Federal Trade Commission quantifies the amount of financial fraud reported in the country, what kind of scams are prevalent and where it is occurring. Reported by PLANSPONSOR Staff Shout
Can 403(b) Plan Sponsors Join a MEP or a PEP?

3 weeks ago | plansponsor.com | Amy Resnick

Q: Can 403(b) plan sponsors join a MEP or a PEP? Kimberly Boberg, Kelly Geloneck, Emily Gerard and David Levine, with Groom Law Group, and Michael A. Webb, senior financial adviser at CAPTRUST, answer:A: Yes, Section 106 of the SECURE 2.0 Act allows 403(b) plans to participate in multiple employer plans and pooled employer plans, effective for plan years beginning after December 31, 2022. Importantly, a PEP or MEP provider cannot offer a MEP that includes both 401(k) and 403(b) plans.
How Asset Owners Are Attracting Talent and Their Issues Doing So

3 weeks ago | ai-cio.com | Amy Resnick

In the world of institutional asset owners-especially public pension funds, endowments and sovereign wealth funds-good jobs and interesting careers are plentiful. However, you might have to be willing to take a pay cut or live a little off the beaten path. There are about 300 state-administered public pension plans in the United States, and about 5,000 public sector and locally administered plans in total, according to Public Plans Data.
How CIOs, OCIOs are Structured to Face New Investing and Operational Challenges

3 weeks ago | ai-cio.com | Amy Resnick

CIOs face many new challenges as markets and sources of return shift and as technological advances become more sophisticated and expensive. To succeed in this new environment, they are enhancing operational efficiencies and revisiting investment strategies. Outsourced CIO providers are adapting to these new challenges as well.
How Institutional Investors Can Win the Battle for Top Talent

3 weeks ago | ai-cio.com | Amy Resnick

Institutional investors aiming to competitively recruit and nurture talent need to create an environment of transparency, inclusion and flexibility within their organization, according to a variety of sources in the asset management industry. Asset owners used to battling for top talent currently face even more pressure to attract and retain quality staff.
Products Could Aid Decumulation Dilemma, but Plan Sponsors Remain Hesitant

3 weeks ago | plansponsor.com | Amy Resnick

Workers spend their careers accumulating enough assets to retire. The catch: Tapping into that income after decades of investing is not a simple task. In the defined benefit era, retirees could rely on pensions to offer a steady stream of income, alongside Social Security benefits. With pensions mostly in the rearview mirror and the current retirement system now built around defined contribution plans, retirees must figure out how to effectively spend the money they have accumulated so it lasts.