PLANADVISER 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
Supreme Court Rules Against Northwestern University in Fee Case

The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments to excuse allegedly imprudent decisions by the plan sponsor.

Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock

The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments under a group variable annuity contract.

What the Supreme Court’s Northwestern Ruling Means in Practice
Expert ERISA attorneys say the new opinion in Hughes v. Northwestern University, while important, is far from earth-shattering when it comes to its likely impact on the pace or character of retirement plan fee litigation.
Another Stressed Union Pension to Get PBGC Support

The plan was projected to run out of money at some point this year, but the special financial assistance from PBGC should prevent this outcome.

Advisers Can Address Participant Savings Gaps With New Retirement Readiness Calculator

The tool was launched to bolster retirement planning resources and offer personalized support, customized solutions and best practices. 

 

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