PLANADVISER Weekend Newsdash
Week ending April 21st, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! This weekend’s newsletter offers up highlights from our latest bi-monthly edition of PLANADVISER print. Complementing our daily online news coverage and conference events, the print magazine takes a deeper dive into the most pressing issues facing retirement plan professionals today. The print edition also features our latest proprietary research data and insights from skilled ERISA attorney columnists. Visit our homepage for subscription information. 
Editor's choice
Window Guard
Self-directed brokerage windows are commonly a large-plan element. According to the 2016 PLANSPONSOR Defined Contribution Survey: Plan Benchmarking, only 18.7% of plans of all sizes have a brokerage window. Read more >
Thinking Efficiently
Strategies and solutions to help retirement plan advisers cultivate the small-plan market.  Read more >
Fiduciary Rule Litigation
Notwithstanding the uncertain future of the fiduciary rule, the favorable litigation outcomes secured by DOL may have numerous implications regarding how the agency staff views its rulemaking and interpretive authority, and may also embolden its future litigation and enforcement efforts. Read more >
Varying Fees
“I am a fiduciary adviser to ERISA plans and IRAs, and I charge an asset-based fee. I don’t receive any other payment, direct or indirect, in connection with these services, and my fee satisfies the definition of level fee under the Best Interest Contract exemption. May I charge a level fee for advising on the portion of the client’s portfolio that is allocated to equities but a lower level-fee for the portion allocated to fixed-income investments?” Read more >
Trump Orders and Employee Benefits
Will the updating of existing regulations be treated as new regulations? Read more >
MOST POPULAR STORIES
Many Retirees Spending More Than They Expected

However, retirees spend 32% less than non-retirees.

First Deadline Looming for SEC Electronic Disclosure Compliance

When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January, during which "funds that choose to implement the new delivery method for shareholder reports provide prominent disclosures in prospectuses and certain other shareholder documents that will notify investors of the upcoming change in transmission format.”

Progressive Plan Design Features Have Moved Down-Market
These are streamlining plan administration, increasing investment diversification and improving participant outcomes.
MetLife Pension Calculations Questioned in ERISA Complaint

The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent default benefit, as required under ERISA.

Employee Knowledge Levels Indicate Need for Financial Wellness Education

Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported.

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

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

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