January 11th, 2017

JC Penney Agrees to $4.5 Million Stock Suit Settlement Under the terms of the settlement, J.C. Penney will pay $4.5 million to resolve allegations that it breached its fiduciary duties under ERISA by failing to prudently and loyally manage the plan’s assets and to adequately monitor an independent fiduciary and provide the independent fiduciary with accurate information. Read more > Recent Retirees Still See Room for Optimism Survey data shared by Spectrem Group shows “overwhelming satisfaction” among both recent and long-term retirees with respect to their personal and financial lives after work; many could have sought advice earlier. Read more > DC Participants Place Different Values on Mobile and Web Abilities Among individuals who indicated that they accessed their plans via mobile devices over the previous six months, phone app usage rose from 82% to 93%, while tablet app usage remained at 29% and mobile site usage rose from 9% to 15%. Read more > ETFs Find DC Entry via TDFs 17 TDF providers leverage exchange-traded funds as underlying investments. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients 3 Many Near-Retirees Don't Understand Social Security Benefits 4 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 5 The Most Common Retirement Plan Testing Mistakes

Minimizing the Loss When Someone Leaves Not surprisingly, good communication is critical throughout the changeover. One firm strives to inform clients in advance when an adviser plans to leave; then it follows up with them directly, afterward, to make sure they are happy. Read more > DC Plans Critical for Attracting Millennials Eighty percent of this demographic group prefers to work for a company with a 401(k) plan. Read more > Retirement Confidence Lies in Closing Behavioral Gaps A new study suggests 78% of Americans are stressed about their financial future regardless of income, but they can reverse this trend by exhibiting specific behaviors. Read more > 401(k) Traders Stayed the Course in 2016 “The rise of assets in target-date funds accounts for some of the light-trading in 401(k)s we saw in 2016,” explains Rob Austin at Aon Hewitt. Read more > RIAs Anticipate Another Gainful Year for 2017 With the amount of advances in 2016, RIAs anticipate 2017 to see even more increases—despite rules that lie ahead. Read more > ** Editor’s note ** Please be aware, we are transitioning the PLANADVISER newsletters to a new service provider. The new domain will appear as planadviser.strategic-i.com, so please make any necessary adjustments to spam filters, preferred sender lists, etc. Thank you!

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