Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 28th, 2017
Industry Leaders Aim To Increase Number of African American Advisers
Establishing scholarship funds and more carefully considering the benefits of diversity in the hiring processes are just a few of the ways an increasing number of firms say they are committed to improving industry diversity. Read more >
Oracle 401(k) Challenge Jumps Another Legal Hurdle
A federal district court judge has granted the recommendation of a magistrate judge, to the effect that an ERISA lawsuit filed against Oracle will not be dismissed before trial. Read more >
Anthem Excessive Fee Case Survives Most Motions to Dismiss
The suit charges Anthem 401(k) plan fiduciaries with offering plan investments with excessive fees and paying too much for recordkeeping services, among other things.  Read more >
Freezing DB Plans
There are several reasons a plan sponsor may freeze its defined benefit plan, and there are several decisions the adviser should help his client work through when it is about to do so, as well as show the sponsor how it should manage the plan afterward. Read more >
Younger Participants Expect Employer To Steer Retirement Plan
Sixty-nine percent of these participants identify themselves as “do-it-for-me” investors, compared with 56% of those over the age of 30. They are also more likely to appreciate receiving a notice from their employer if they are not saving enough (62% versus 34%). Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Institutional Plans See Strong Q1 2019 Returns
RESA, RSSA, SECURE Act and More Pile Up in Congress
Excessive Fee Suit Filed Against Greystar Management
Higher Education Faculty Need Help With Investing
Both faculty and non-faculty members say they feel confident they will have enough money to pay for basic expenses in retirement—87% for professors and 80% for non-faculty members, according to Fidelity Investments’ 2017 Higher Education Faculty Study. Read more >
Investing in Harmony
The 2016 PLANSPONSOR Defined Contribution Survey found that among plans of all sizes, only 11.8% offer socially responsible funds. Among micro plans, it is a mere 9.0%. However, the percentage spikes to 15.1% among both large and mega plans. Read more >
Seyfarth Shaw Expands Seyfarth Benefits Consulting
Seyfarth Benefits Consulting focuses on supporting clients’ ongoing legal counseling and administrative needs in relation to their retirement, health and welfare programs. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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