NORTH SALT LAKE

The RightBRIDGE System is Ready for the DOL Retirement Security Rule

Retrieved on: 
Wednesday, April 24, 2024
Retrospective Review, Retirement, Dashboard, Policy, Insurance, R2, PTE, HERE, ERISA, Financial adviser

The required changes for the Retirement Security Rule will be in the 2024 release R2 of RightBRIDGE.

Key Points: 
  • The required changes for the Retirement Security Rule will be in the 2024 release R2 of RightBRIDGE.
  • The RightBRIDGE regulatory framework provides a unified approach to regulatory requirements of federal and state regulations including Reg BI, PTE 2020-02, state regulations like NAIC Best Interest Model and NY 187 and the new Retirement Security Rule.
  • As part of its review process for the Retirement Security Rule and amended PTE’s, CapitalROCK engaged with the Wagner Law Group.
  • In an opinion provided by Wagner’s Chief Legal Officer, Stephen Wilkes, Mr. Wilkes commented that the RightBRIDGE system is “wholly consistent with the PTE” and would be well-positioned once the Retirement Security Rule became final.

RightBRIDGE to Offer Exclusive Access to Advanced Retirement Plan Data

Retrieved on: 
Tuesday, March 19, 2024
RLC, Plan, Retirement

This gives RightBRIDGE users the ability to license and access advanced retirement plan data that can typically only be found by looking through lengthy plan documents.

Key Points: 
  • This gives RightBRIDGE users the ability to license and access advanced retirement plan data that can typically only be found by looking through lengthy plan documents.
  • When RightBRIDGE users license the RLC data they will be able to download complete RLC Plan Snapshots and utilize the plan data within the rollover analysis in RightBRIDGE.
  • If you’re looking for this sort of advanced plan data, you’re chasing down retirement plan documents and performing hours of due diligence.
  • Key data fields will now be automatically completed with data from Plan Snapshots replacing the need for financial professionals to input this data manually.

CapitalROCK Awarded COMPLYConnect Compliance Provider of the Year

Retrieved on: 
Tuesday, February 13, 2024
Partnership, Retirement, PTE, Business development, Financial adviser

SALT LAKE CITY, Feb. 13, 2024 (GLOBE NEWSWIRE) -- CapitalROCK, the makers of RightBRIDGE Systems, is pleased to announce that it has been named the COMPLYConnect Compliance Provider of the Year.

Key Points: 
  • SALT LAKE CITY, Feb. 13, 2024 (GLOBE NEWSWIRE) -- CapitalROCK, the makers of RightBRIDGE Systems, is pleased to announce that it has been named the COMPLYConnect Compliance Provider of the Year.
  • RightBRIDGE systems help more than 50 broker-dealers, representing more than 120,000 financial professionals, meet their compliance obligations for regulatory rules, regulations, and exemptions.
  • CapitalROCK is excited to announce the award, which was given at the COMPLYConnect conference, hosted by COMPLY last quarter.
  • The team at CapitalROCK works hard to help our customers meet their compliance obligations as painlessly and efficiently as possible.

CapitalROCK: Retirement Security Rule Review by Wagner Law Group

Retrieved on: 
Wednesday, December 13, 2023
ERISA, PTE, Eye, Retirement, Financial adviser

With the recent announcement of the proposed Retirement Security Rule, CapitalROCK requested that the Wagner Law Group review the proposed Retirement Security Rule and provide an initial assessment of the readiness of the RightBRIDGE application for the new requirements of the Retirement Security Rule.

Key Points: 
  • With the recent announcement of the proposed Retirement Security Rule, CapitalROCK requested that the Wagner Law Group review the proposed Retirement Security Rule and provide an initial assessment of the readiness of the RightBRIDGE application for the new requirements of the Retirement Security Rule.
  • Stephen P. Wilkes, Chief Legal Officer of the Wagner Law Group, performed the review and CapitalROCK is pleased to share a portion of his white paper here:
    “… we have reviewed the proposed Retirement Security Rule with an eye towards any changes that might impact the issues addressed in our opinion letters of July 13, 2021 and March 18, 2022.
  • Of course, the proposed Retirement Security Rule and the proposed changes to PTE 2020-02 are just that – proposed – and their requirements may change in their final form.
  • As discussed below, we believe that the RightBRIDGE approach is wholly consistent with the Proposed PTE in its current form and will continue to be an important asset for those who rely on RightBRIDGE as they seek to comply with PTE 2020-02 as it exists today and under proposed Retirement Security Rule in the future.”
    This initial review of the proposed Retirement Security Rule, and the readiness of the RightBRIDGE system, is the latest in a series of projects in which CapitalROCK has engaged the Wagner Law Group.

Stericycle, Inc. Resolves EPA Investigation in Utah

Retrieved on: 
Friday, January 29, 2021
Medical waste, Stericycle, Natural environment, Articles, Incineration, United States Environmental Protection Agency, Nature

The settlement with EPA follows an administrative settlement with the Utah Department of Environmental Quality, which conducted its own investigation into the alleged exceedances and issued a Notice of Violation in 2014, the first and only citation for an emissions violation experienced in the facility's history.

Key Points: 
  • The settlement with EPA follows an administrative settlement with the Utah Department of Environmental Quality, which conducted its own investigation into the alleged exceedances and issued a Notice of Violation in 2014, the first and only citation for an emissions violation experienced in the facility's history.
  • Stericycle previously elected to cease incineration operations at the facility and relocate to a more suitable site.
  • While incineration will cease in July 2022, this site will continue to be owned and operated by Stericycle as a collection and transportation facility.
  • Results from two separate, independent Utah Department of Health studies have demonstrated that emissions from the facility present no health risk to the surrounding community.