Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 1st, 2015
DOL Wants More Control over Plan Audits
A new report from the Department of Labor suggests the quality of benefit plan audits performed by certified public accountants is lagging, with major deficiencies found in four of every 10 audits reviewed. Beyond this figure, the agency says its report reveals other serious issues with the current auditing system. Read more >
Documentation and Deliberation Remain Critical Post-Tibble
“The main impact of Tibble vs. Edison in my view is that it’s a good reminder that plan sponsors need to sharpen their pencils and look once again at the processes they’re using, both for selection and monitoring of investments,” explains Nancy Ross, partner in Mayer Brown’s litigation and dispute resolution practice. Read more >
FINRA Updates FAQs on Public Communication Rule
The Financial Industry Regulatory Authority has updated a helpful frequently asked questions section on its website outlining the scope and limits of FINRA Rule 2210, which covers adviser communications with the investing public. Read more >
Fiduciaries Removed for Misusing Retirement Plan Funds
The Department of Labor filed suit against fiduciaries of a medical corporation’s pension plan for using plan assets for personal expenses, citing multiple violation of the Employee Retirement Income Security Act. Read more >
MOST READ ARTICLES
1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Excessive Fee Suit Filed Against Multiemployer Plan
3
Spouses Play Increasingly Influential Role Alongside Advisers
4
CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction
5
Retirement Industry People Moves
John Hancock Makes Move to Levelize Fees
A partnership with Vertical Management Systems will bring participant revenue levelization for a variety of investment vehicles to John Hancock’s Total Retirement Solutions recordkeeping platform. Read more >

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

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

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