February 1st, 2017

Kickback Lawsuit Calls Out Aon Hewitt Agreement With Financial Engines Plaintiffs from the Caterpillar retirement plan feel the price paid for advice was too high and was not transparently tied to the level of service delivered.  Read more > Agencies Say Church Plan Interpretation Deserves Deference “If there were any doubt about the best interpretation of the church-plan definition, it would be resolved by the position adopted and consistently applied by the IRS, DOL, and PBGC,” counsel for the agencies state in an amicus curiae brief filed with the Supreme Court. Read more > Difficult Advisory Environment Demands a Strategic Vision Conventional thinking about product packaging and distribution just won’t cut it in tomorrow’s retirement advisory industry. The regulatory landscape is more or less impossible to forecast, while global market forces have put a real damper on long-term investment return expectations. Read more > Analyzing the Practice Benchmarking Survey Advisers are also moving away from relying on industry forms—e.g., Form ADV or a 408(b)(2) disclosure statement—as the vehicle for revealing fees. Advisers are growing more apt to discuss them with plan sponsors in the annual review, in their contract and in a fee disclosure statement.  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 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Many Near-Retirees Don't Understand Social Security Benefits 5 The Most Common Retirement Plan Testing Mistakes

Sponsored message from T. Rowe Price DC Advisor Solutions & Tools Center Visit the DC Advisor Solutions & Tools Center to access Financial Wellness resources.  Read more > Families Want and Need Discussions on End of Life Finances Helping clients develop an estate plan may help them avoid certain tax consequences, Fidelity says. Read more > Best Practices for Wellness Programs A Financial Finesse report discusses the official definition of workplace financial wellness, the cost savings of an effective financial wellness program, measuring the return on investment of financial wellness programs and best practices for financial wellness programs. Read more > Drug Costs A Key Factor In Retiree Health Care Cost Inflation In the latest annual update of its retiree health savings analysis, EBRI found that the range of retiree health savings targets rose between 0% and 6% between 2015 and 2016. Read more > Prudential’s New App Measures DC Plan Health Plan Power by Prudential evaluates a range of plan design features, so financial advisers can help plan sponsors see how making certain changes could result in positive participant behavior. Read more > Robo-Adviser Evolves with a Human Touch Betterment will now offer three different plans including a premium option offering investors access to licensed financial experts who can offer advice and monitor their accounts year round. Read more > Mutual of Omaha Expands Retirement Plan Participant Experience New programs and education are designed to get participants more engaged with their retirement plans. Read more >

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