PLANADVISER Weekend Newsdash
Week ending January 25th, 2019

Happy Friday, readers! In this weekend’s newsletter we put a spotlight on the latest print edition of PLANADVISER Magazine. The issue features timely coverage of compliance matters, investment trends and client service strategies. In addition, top ERISA attorneys offer analysis of important regulations and court cases. We hope you will share some of what you read with a client or colleague.

Editor's choice
Cover Story: Smart Design
Striking the right balance between client service and profitability is more of an art form than a science, but it is an important exercise for every retirement plan advisory practice to utilize. Blue Prairie Group LLC took a deep look into this issue last year, tracking how many hours the team spent working on each client’s plan, who did what, as well as rating the difficulty of working with each client. Read more >
The SEC on Rollovers
The SEC says that an RIA is a fiduciary with duties of loyalty and care. That applies to all advice, including recommendations to take money out of a plan and roll it into an IRA with the adviser. To satisfy the duty of loyalty, the RIA must disclose conflicts of interest, including conflicts resulting from rollover recommendations. To satisfy the duty of care, the RIA should have policies and procedures for rollover recommendations that support the collection and evaluation of relevant information about the plan and proposed IRA and the assessment of whether the rollover aligns with the client’s profile. Read more >
Compliance News
The IRS has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Read more >
Retirement Income Options
From his seat on the Institutional Retirement Income Council (IRIC), John Pickett sees what he calls “the next frontier of the DC [defined contribution] business”: systematic distribution for participants from the retirement plan. And, as with automatic plan design, advisers are in a key position to urge plan sponsors to embrace it. Read more >
R-6 Share Classes Hit $1.5T
The zero/zero class has grown 15% since last year. Read more >
Addressing Participant Concerns
If a sponsor does not respond, it could risk a civil and/or DOL lawsuit. Read more >
Weathering Audits
The DOL has extended the scope of its examinations. What should plan advisers know about these audits, and how can they help a client that needs to undergo one? Read more >
MOST POPULAR STORIES
An IPS Is Not Required
But there’s no good reason for a plan not to have one.
Boeing Faces ERISA Lawsuit Over 737 MAX Issues

The complaint says Boeing should have warned defined contribution plan participant invested in the company's stock that issues the company was having caused the stock price to be inflated.

Inside and Outside Views on Principal’s Wells Fargo Acquisition

Principal’s retirement business president offers additional details about the firm’s acquisition of Wells Fargo’s retirement business, while outside analysts reflect on the broader industry implications of two major providers coming together.

2019 PLANSPONSOR Retirement Plan Adviser of the Year
The 2019 PLANSPONSOR Retirement Plan Adviser of the Year winners and finalists have demonstrated leadership and a commitment to excellence for their retirement plan sponsor clients and participants. Congratulations to all the firms on the list!
Fidelity Launches Benefits Package Catered to Small and Midsized Businesses

Named Fidelity Works, the package will also be available to third parties working with these employers, including advisers, employee benefits brokers, banks and certified public accountants (CPAs). 

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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