May 18th, 2017

ERISA Class Action Targets Principal Over Crediting Rate The complaint describes in detail guaranteed investment contracts offered by the Principal to retirement plans, which plaintiffs suggest permitted conflicts of interest and prohibited transaction. Read more > Fiduciary Rule Debate Impacts State-Run Plans for Private Sector A new bill introduced by Senate minority Democrats, seeking to protect ERISA exemptions for state- and city-run retirement plans for the private sector, would likely be made redundant with the removal of the Obama-era fiduciary rules.  Read more > Trust Company Suspends Services for New ESOPs Following Lawsuit In April, a federal judge found First Bankers Trust Services Inc. liable for causing an ESOP to overpay for shares of the company’s stock. Read more > 401(k)s and Home Equity Make Up Most Retirement Savings Outside of Social Security benefits, Americans are looking to 401(k)s and IRAs to fund most of their retirement. Read more > MOST READ ARTICLES 1 Wait, SECURE 2.0 Might Not Pass? 2 Asset Managers Scramble to Offer In-Demand Investment Vehicles 3 401(k) Robo-Adviser Blooom Shuts Services, Sells Tech to Morgan Stanley 4 Fitch: SEC “Crack Down” on ESG Greenwashing to Continue 5 A Reminder to Avoid Fraudulent Hardship Withdrawals

Efficiency In The Micro Market Once a plan exceeds 100 participants, a financial audit must be filed along with a Form 5500. Here, advisers can help retirement plans find a qualified auditor and guide them along the audit process. Read more > 2017 Retirement Plan Advisers of the Year Get to know advisory practices that have demonstrated an unfailing commitment to helping plan sponsors meet their fiduciary responsibilities and to assisting plan participants sufficiently prepare for retirement. Read more > Will Your Clients Attend PLANSPONSOR National Conference? The retirement plan industry is under a microscope, and plan sponsors need help crafting plans that meet the needs of their unique work force while having proper corporate governance that meets all fiduciary requirements. The PLANSPONSOR National Conference (PSNC) continues to deliver the most productive event in getting plan sponsors, retirement plan advisers and retirement plan industry providers together to discuss practical, collaborative solutions. Your plan sponsor clients can attend with no registration fee. Follow the link to learn more.  Read more >

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