April 29th, 2016

IRS Kit Explains Corrections for Missed Plan Restatements If plan sponsors do not sign a restated defined contribution plan document as required on or before the April 30, 2016, deadline, the retirement plan may no longer be entitled to tax-favored treatment. Read more > Most Americans Think Financial Products Are Free And of those who think they pay for these products, many have no idea how much. Read more > Recently Hired 401(k) Plan Participants Likely Choose TDFs Interest in target-date and other types of balanced funds remained strong through 2014, with younger plan participants more likely to hold target-date funds than older participants, according to a new joint study released by EBRI and the ICI.  Read more > The Appeal of CITs Transparency, lower fees and customization are spurring growth of collective investment trusts in the retirement plan space. Read more > MOST READ ARTICLES 1 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 2 A New World and New Opportunities for Alpha 3 Home Depot ERISA Lawsuit Clears Dismissal Motions 4 AutoZone ERISA Suit Clears Motion to Dismiss 5 Excessive Fee Lawsuit Filed Against Duke Energy

Retirees’ First Priority? Basic Living Expenses The largest source of retirees’ income remains Social Security, cited by nearly nine in 10 retirees, followed by personal savings and investments, pension plans and 401(k)s. Read more > Jobs, Finances Causing Stress for Workers Twenty percent of 600 workers surveyed say they feel extremely stressed in daily life, and they point to their jobs and financial situation as the root causes. Read more > Latest Investment Product and Service Launches Vanguard reports fund expense reductions; Fidelity launches expanded private equity platform; Nationwide makes Stadion’s StoryLine small business 401(k) solution available on its platform. Read more > Westminster Consulting Debuts New Website In addition to providing information about the firm, the site serves as a portal for clients. Read more >

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