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
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes

It appears some last-minute amendments have largely removed controversial provisions from the Senate’s version of tax reform legislation that would have had a big impact on governmental 457 and nonprofit 403(b) plan sponsors.

Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth

The American Retirement Association says that tax reform could be a disincentive for small businesses to offer retirement plans; however, as one reader shares, there are counter considerations having to do with Roth 401(k) options that could mitigate some of the concern.

Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs

In their lawsuit, the plaintiffs called the Fujitsu plan one of the most expensive in the country and specifically called out the design and implementation of the plan’s custom target-date funds.

CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction

Plan fiduciaries are accused of breaching their duties in the design, management, operation and administration of an active large cap U.S. stock fund offered as a core menu investment option.

DOL Rule Provides Tailwind for Adoption of Outsourced Fiduciary Services

For the $5 million to $500 million DC plan market, advisers and consultants offering 3(38) discretionary investment advice are more common.

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

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

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