PLANSPONSOR Weekend Newsdash
Week ending March 18th, 2016
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers. Another week of watching and we still have yet to see the final fiduciary rule language emerge from the Department of Labor. Judging by our top-clicked articles, the industry is waiting with baited breath for a final rule that will likely look a lot like the proposed version published last year. In the meantime, our weekend newsletter will help you catch up on the latest fiduciary rule expectation and speculation. 
Editor's choice
DC Plan Fees Down Another Notch
While retirement plan fee litigation seems to be heating up and up, retirement plan fees actual fell last year, as they have each year since 2010.  Read more >
TDFs Affect Retirement Plan Participant Trading Activity
Overall, 1.52% of participant balances was transferred in 2015—well below the historical average of 2.88%, thanks in large part to the ever-expanding influence of target-date funds. But does less trading overall mean less bad trading?  Read more >
Goldman Sachs Investment Management Acquires Honest Dollar
Writing the next page in the book of industry consolidation and client service technology-based acquisitions, the Investment Management Division of Goldman Sachs has agreed to acquire the web and mobile-based retirement savings platform Honest Dollar, which specializes in the start-up and micro-plan markets. Read more >
In-Person Meetings Best Retirement Plan Participant Motivator
A Lincoln Financial survey found a significant decline in participant engagement and a sharp rise in instinctive decisions in the last year—two trends tempered by the influence of in-person financial advice.  Read more >
Retiring at 75
The class of 2015 faces a retirement age as late as 75—two years later than what the Class of 2013 could expect—because of increasing student loan debt, rising rents and Millennials’ approach to money management, according to analysis by NerdWallet. Read more >
MOST POPULAR STORIES
Americans Unfamiliar With 529 Plans

A mere 29% know that they are vehicles for education savings, Edward Jones found in a survey

Are Managed Accounts Better for Participants Than TDFs?

Professional investment assistance helps DC plan participants’ outcomes; however, an analysis from Alight Solutions found users of managed accounts see higher returns, are more diversified and save more in their DC plans.

Plan Sponsor Challenged in a Lawsuit for Using Untested Hewitt Funds

The plaintiffs say that since these experimental funds were added to the plan in 2013, they have consistently underperformed their benchmarks, and have underperformed the funds they replaced by tens of millions of dollars.

University of Rochester Called Out for Excessive Fees Paid to TIAA

The lawsuit claims the university failed to adequately benchmark fees, negotiate for better fees, or reveal true fees participants were paying.

MetLife and Ernst & Young Create Multi-Channel Wellness Program

The solution will focus on behavioral change by providing personalized wellness plans, according to MetLife.

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

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

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