PLANADVISER Weekend Newsdash
Week ending January 27th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! Over the last week our sister publication PLANSPONSOR announced the finalists for the 2017 Plan Sponsor of the Year Awards. As in past years, the judges were truly impressed with the volume and quality of submissions, which covered all types of defined contribution and defined benefit plans. We will soon have profiles to share of all the finalists—leading into our Awards for Excellence dinner in March, where we will announce the winners in each category. Congratulations once again to this year’s finalists and their advisers and service providers!
Editor's choice
2017 PLANSPONSOR Plan Sponsor of the Year Finalists Announced
This week our fellow Strategic Insight publication, PLANSPONSOR, is announcing the finalists for the 2017 Plan Sponsor of the Year Awards; find out who is being recognized here. Read more >
Providing Participants With Access to Financial Education
The 2016 PLANSPONSOR Participant Survey found that Millennials, Generation X and Baby Boomers have different needs and expectations regarding retirement. Not surprisingly, younger employees, who are likely to be battling competing financial priorities, save less than do older employees, who may be trying to catch up on their retirement savings. Read more >
The Rise of Zero Revenue Share Funds
The new fiduciary rule will likely augment their growing popularity. Read more >
Key Elements of Financial Wellness
An analysis of individuals participating in Fidelity’s financial wellness program finds there are definitely some groups with unique needs, and suggests how plan advisers and sponsors can tailor their programs to address those needs. Read more >
MOST POPULAR STORIES
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Coronavirus-related withdrawals made in 2020 were a financial lifeline for some, but they could also turn into a major tax headache for others.
Judge Finds Participant Data Is Not a Plan Asset in Case Against Fidelity

As part of an excessive fee lawsuit against Shell Oil, Fidelity was named as a defendant and accused of breaching its fiduciary duties by sharing participant data with affiliates for solicitation of other products.

Many Near-Retirees Don't Understand Social Security Benefits

More than one-third failed a basic Social Security quiz administered by MassMutual.

Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
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