Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 25th, 2017
Industry Groups Slam Trump, Acosta for DOL Fiduciary Rule Flop
Financial services industry lobbying groups quickly voiced surprise and frustration once confirmation emerged that the Trump administration will allow a strict new fiduciary standard to take effect. Read more >
Excessive Fee Lawsuit Filed Against University of Chicago
The university is also accused of approving a TIAA loan program that required excessive collateral as security for repayment of the loan, charged grossly excessive fees for administration of the loan, and violated DOL rules for participant loan programs. Read more >
Window Guard
Tara Hessert, president of Dynamic Pension Services, Inc., a TPA firm in Dayton, Ohio, says her plan clients that utilize brokerage windows mostly limit the investment universe to mutual funds and individual stocks. A law firm client also allows access to options, but that firm has in-house financial-services professionals manage the partners’ money. Read more >
Plan Sponsor Clients Can Use Social Media to Engage Participants
Plan sponsors should tailor each post to the strengths of each platform. For example, Facebook can be used for general information and dialogue building, YouTube can be used for succinct and/or witty video content, and Twitter can be used for concise announcements. Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
SECURE Act's House Passage Brings Test of Congressional Mediators
Some Expect Senate Action Sooner Than Later on SECURE Act
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
J.P. Morgan Agrees to Pay $75 Million to Settle ERISA Lawsuit
Top-Performing Advisers Look Past Averages
Stress testing the impact of individual behavior and circumstance, along with market returns, can be especially useful. Read more >
Fiduciary Rule Litigation
Advisers cannot simply ignore the litigation over the rule on the belief that the status quo will return if the Trump administration pulls the rule back. This is not necessarily the case. The DOL’s recent litigation victories provide important takeaways on the extent of its interpretive and enforcement authority and may thus embolden the agency, regardless of the future of the rule. Read more >
Will Your Plan Sponsor Clients Attend PSNC 2017?
Plan sponsors from across the U.S. will gather in Washington D.C. next month for the annual PLANSPONSOR National Conference—presenting a tremendous opportunity for client networking and shared problem solving. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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