Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 14th, 2019

2019 PLANADVISER Micro Plan Survey

Only 24% of these micro plans have an adviser who serves as a 3(21) fiduciary, yet this is true for 37% of plans overall. While the micro plans are pretty much in lockstep with larger plans when it comes to reviewing fund performance (94% do so vs. 96% of all plans) and offering plan investment selection guidance (91% vs. 93%), there are several areas where the micro plans fell short.  Read more >
IBM Asks Supreme Court to Review Stock Drop Decision
A 2nd U.S. Circuit Court of Appeals decision reversed the company’s District Court win in a lawsuit alleging imprudence in managing company stock investments in one of its retirement plans. Read more >
Brown University Agrees to Pay $3.5 Million to Settle 403(b) Lawsuit
The agreement also calls for Brown to to try to further reduce recordkeeping fees from the plans’ two recordkeepers and conduct a request for proposal process for the role of independent investment adviser to the plans. Read more >
Self-Directed Brokerage Accounts Fell 10.6% in Value in 4Q18
Account values fell sharply from the previous quarter and were 6.3% lower than the previous year, according to Charles Schwab’s SDBA Indicators Report. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
Complying With the Custody Rule and the New Custody Proposal
CSAA Helps Its Employees Pay Down Student Debt and Save for Retirement
Employees must contribute 2% of their salaries to the retirement plan, which then allows them to direct up to 4% of their employer match to pay down their student debt. Read more >
Oranj Pairs Account Aggregation with Financial Planning
Oranj, a provider of wealth management software, most notably account aggregation, has partnered with PIEtech, creator of the MoneyGuidePro financial planning software. Account aggregation is being offered to MoneyGuide users without an additional monthly subscription charge. Read more >
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