Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 13th, 2016
PBGC Selects Firms for Smaller Asset Manager Program
Each firm will be given a core fixed income mandate because “research indicates that smaller asset managers are likely to add value relative to the benchmark with these assets.” Read more >
Latest DOL Fiduciary Rule Lawsuit Spotlights Insurance Industry Concerns
Two national insurance advocacy groups have “reluctantly” joined the growing list of plaintiffs asking the federal courts to declare the DOL’s new fiduciary rule arbitrary and capricious. Read more >
Most Americans Plan to Take Social Security Early
Despite the fact that it can lower their Social Security benefits by as much as 30%, collecting Social Security before their full retirement age is the plan for more than four in 10 Americans age 50 or older, an Associated Press-NORC Center for Public Affairs Research poll found. Read more >
Committee Strongly Suggests IRS Not End Determination Letter Program
The IRS announced in July 2015 its intent to eliminate the staggered five-year determination letter remedial amendment cycles for individually designed retirement plans and limit the scope of the determination letter program to initial plan qualification and qualification upon plan termination. Read more >
Another Stressed Union Pension to Get PBGC Support
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
70% of Eligible Employees Have Joined California’s State-Run Retirement Program
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
Working Past Age 65 Could Be the New Norm
Between 2003 and 2013, the number of Americans age 65 or older rose from 35.9 million to 44.7 million. By 2040, the number of people age 65 and older is expected to surge to 82.3 million.  Read more >
Retirement Industry People Moves
Kravitz opens Atlanta office; CUNA Mutual adds six to sales team; LPL opens office in D.C. for Government Relations team. Read more >
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