Court Finds Union Fund Trustee, Counsel Guilty of Retaliation
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal...
News
Advisers Aren’t Alone in Fretting a Lower-Margin Future
For asset managers operating in an industry historically dependent on traditional active funds to buoy revenue and profits, the push towards index-linked investing can be worrying.
Only Two-Thirds of Private-Sector Workers Have Access to Retirement Plan
Less than half of private-industry workers participate in employer-sponsored retirement plans, the Bureau of Labor Statistics reports.
Terminating Plans Must Be Mindful of Emerging Regulations
IRS published a short, informal document explaining how its annual Cumulative List should be applied in the case of a terminating retirement plan.
IRS Clarification Eases Missing Participant Form 5500 Concerns
As long as plan sponsors make (and document) a reasonable effort to locate missing participants and benefices, they can leave alone Lines 4I of the Schedule H and...
Nearly All Sponsors Would Recommend Their Adviser to Another Employer
Only 10% would not make an endorsement.
9th Circuit Agrees Dignity Health Pension Plan Is Not a Church Plan
The appellate court remanded the case back to a district court for further proceedings.
State Street to Pay $60M to ERISA Clients for FX Practices
The payment is part of a settlement of a combined lawsuit by the DOL and SEC.
Retirement Industry People Moves
Innovest Portfolio Solutions Hires New VP; Cavalier Investments Appoints New CIO; Raymond James Partners With Plan Adviser Firm, and more.
DOL Offers Grants to Develop Retirement Plans for Low-Wage Workers
The Department is offering $100,000 in funding through the Portable Retirement Benefits Planning program.
BlackRock Offers Advice for Pension Plans in Low-Rate Environment
The investment firm recommends ‘capital efficient hedging instruments.’
Steps to Improve 403(b) Plans
While Rocaton Investment Advisors strongly advocates for 403(b) plans to consolidate recordkeepers, even those that don't can improve their plans.
Investment Product and Services
Vanguard Closes Dividend Growth Fund; Morningstar Expands Commodity Research Into Oil, and more.
New Fiduciary Appointed to $2 Million Retirement Plan
The plan sponsor ceased operations in 2004 and never properly terminated the plan.
Spending Rates in Retirement Are Modest
Since retirees are spending less than they withdraw from financial accounts, they are accumulating money in checking accounts and may need to reinvest those assets, says Steve Utkus...
Guide Offers Questions to Ask Recordkeepers About Security
A new guide from Empower helps retirement plan advisers and sponsors check on the data security practices of recordkeepers.
Sponsors Warming Up to Lifetime Income Solutions
Nearly one-quarter have adopted at least one approach in their DC retirement plans.
Two Church Plans Take Cases to Supreme Court
Both petitions to the high court question whether ERISA's church plan exemption applies so long as a pension plan is maintained by a qualifying church-affiliated organization, or whether...
Advisory Council Meeting to Focus on Plan Transfers, Cybersecurity
Organizations and individuals in the retirement plan community are invited to submit comments or request to address the ERISA Advisory Council.
Fidelity Go Digital Platform Competes With Robo Advisers
Fidelity's digital investing platform competes with robo advice providers by adding human component.