PLANSPONSOR Weekend Newsdash
Week ending May 26th, 2017
NOTE FROM THE EDITOR
Happy Friday, readers! Following months of uncertainty it now appears inevitable that the Department of Labor fiduciary rule reforms championed by President Obama will indeed be allowed to take effect. Below you will find our latest coverage and helpful context about the regulations and the compliance transition period that is about to commence. While the ultimate future of the rulemaking remains unknown, it cannot be denied that the regulations have already driven tremendous change in the retirement planning industry.  
Editor's choice
PSNC 2017 Preview: Washington Update
This year the panel features Bradford Campbell, partner, Drinker Biddle and Reath LLP, and former Assistant Secretary of Labor overseeing the DOL’s Employee Benefits Security Administration under President G.W. Bush; as well as Michael Kreps, principal, Groom Law Group, and former Senior Pensions and Employment Counsel for the U.S. Senate Committee on Health, Education, Labor, and Pensions from the 110th through the 114th Congresses.  Read more >
How Workable Is the BICE?
Assuming the Department of Labor does not replace the current version of the BIC exemption, the requirements are so burdensome that using it for this fee structure would be impractical, according to one trusted pair of ERISA attorneys.  Read more >
Fiduciary Crunch Time
Retirement industry providers are preparing responses to the fiduciary rule. Those who were depending on the new President and Congress to halt the rulemaking have been caught flat footed.  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 >
MOST POPULAR STORIES
Why Are Retirees Spending Down So Slowly?

EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors.

Determining Health Cost Needs in Retirement Is Complex

Although some retirees face catastrophic health care cost in retirement, EBRI found that most don't.

Paychex Revamps Advisor Console

With a focus on accessibility and ease of use, Advisor Console’s new features and functionality allow financial professionals to be more efficient when serving their clients’ plans and investments.  

401(k) Plan Participants Challenge Principal's Management of TDFs

The lawsuit alleges Principal used proprietary investment vehicles, rather than other investment vehicles, and share classes with higher fees for the underlying TDF investments, to produce more income for itself and its subsidiaries.

Home Depot 401(k) Plan Latest Targeted with ERISA Fiduciary Breach Lawsuit

Plaintiffs include in their complaint a substantial amount of backward-looking fund performance data to underpin their failure to monitor claims, comparing the Home Depot offerings to others that could have been purchased.

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

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

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