North Pier Gives Back: Nominate Charities for Our Holiday Donation

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As Thanksgiving approaches, our team at North Pier is reflecting on what it means to give thanks. Expressions of gratitude, whether it’s volunteering at your local food bank or simply taking a moment to say “thanks,” are especially important during the hustle and bustle of the holiday season.

In the spirit of giving thanks, North Pier will be donating $4,500 to five charities who are committed to making a positive difference. But we need your help! Over the past year we’ve already proudly supported organizations that are near and dear to us, including CASA of Los Angeles, Foster All, CalFire, Kids in the Spotlight, UCLA, and Guide Dogs for the Blind. To finish off our giving for 2019, we’d like your help in choosing which organizations to support.

What is your favorite charity, and why do you support the work they do?

Click the button below to nominate an organization.

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On December 6th, we will hold a drawing to determine which charities will receive donations. The first four charities pulled out of a hat will each receive $500. The fifth charity drawn will receive a $2,500 donation.

Thank you for your continuous support, and for taking the time to introduce us all to your favorite causes. We look forward to learning about each and every organization.

How To Avoid What 401(k) Plan Sponsors Fear Most About Investment Policy Statements (Forbes)

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Where should plan sponsors go when crafting Investment Policy Statements? Jim Scheinberg offers his advice for his latest feature in Forbes. 

“The IPS is a legal document,” he told Forbes. “Clearly a strong ERISA consultant can help with crafting a draft IPS, but in the end an ERISA attorney should sign off on a final version. Under this process, not only do sponsors end up with a thorough document, but they also may potentially be able to claim an ‘under advice of counsel’ defense if ever challenged.”

Read the full article on Forbes to learn more about crafting effective Investment Policy Statements, and what plan sponsors need to know.

‘Angry’ Clients, ‘Shocked’ Staff After TIAA Pulls the Plug on Outsourced-CIO Arm (Institutional Investor)

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TIAA recently announced that it will begin plans to shut down its Outsourced-CIO business.

“We thought they were going to be a powerhouse,” Jim Scheinberg opines in Institutional Investor for his latest feature on TIAA’s shocking decision to pull the plug. “Why didn’t they gain more critical mass sooner?”

Read the full story on TIAA’s “jaw dropping” move here.