| Delay Seems Likely, But Confusion Remains on DOL Fiduciary Rule Future |
| Conflicting media reports have started to circulate, some to the effect that a delay of the DOL fiduciary rule has already been effectuated—others that are more skeptical this is even possible.
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| Self-Dealing Lawsuit Filed Against Charles Schwab |
| The lawsuit claims plan fiduciaries engaged in the imprudent and disloyal exercise of their discretionary authority over the plan to include Schwab’s own affiliated investment products as investment options within the plan and sale of their own services to the plan. The complaint alleges that defendants “reaped significant fees and profits at the expense of the plan and its participants.”
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| Passive Funds Preferred by Investors in December 2016 |
| Long-term mutual funds and exchange-traded products experienced net redemptions of $1.7 billion in December, according to Strategic Insight, parent company of PLANSPONSOR and PLANADVISER.
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| 'Father of 401(k)', DC Expert Suggest Retirement Security Improvements |
| Ted Benna, whom some call the ‘father of the 401(k),’ and Lori Lucas of Callan, offer suggestions to improve retirement security for Americans.
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