Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 3rd, 2017
RJR Tobacco Once Again Beats ERISA Imprudence Claims
At its heart, the case is about participants who feel their employer sold their Nabisco stock holdings at a remarkably inopportune moment, when the stock value was severely depressed and right before a major rally. While the court acknowledges the participants’ substantial financial losses are unfortunate, it does not agree that the losses can be blamed on fiduciary imprudence. Read more >
Window Guard
Eric Droblyen, president and CEO of Employee Fiduciary, a third-party administrator in Mobile, Alabama, recommends to his sponsor clients that their plans have no brokerage window option. “I just don’t like giving participants too much rope to hang themselves,” he says of the risk that they will invest unwisely. Read more >
Institutional Investors See Best Returns in Years
However, corporate funds’ and Taft Hartley plan’s returns trailed those of public funds and foundations and endowments. Read more >
Employees at Small Businesses Need a Retirement Plan
Eighty-one percent of small business employees expect to be offered a retirement savings plan, but the reality is that only 58% of small companies have one. This disconnect is most striking for Millennials and members of Generation X, who believe their employer-sponsored retirement plan will be their biggest source of income in retirement. Read more >
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
T. Rowe Price Agrees to Settle Proprietary Funds Lawsuit for $7 Million
Retirement Industry People Moves
Judge Dismisses Most Claims in Intel ERISA Lawsuit
Employees More Concerned About Immediate, Rather Than Future, Financial Needs
Most Americans Fail Quiz on Retirement Planning
A new study finds that most Americans can’t pass a quiz on making their nest eggs last through retirement, and many lack knowledge of basic retirement planning concepts. Read more >
Life Events Can Be a Crucial Consideration for Well-Being Programs
Debt, caregiving and “boomerang” children can take a financial toll on people’s lives, as well as a physical toll. Read more >
AmeriLife and AssetMark Align to Provide Investment Solutions
AssetMark will be offering investment strategies and “fee only” products focused on holistic financial planning for investors. Read more >
rss icon twitter icon linkedin-in icon facebook icon
Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise
©2022 Asset International, Inc. All rights reserved.
702 King Farm Boulevard, Suite 400, Rockville, MD 20850