June 14th, 2017

Northrop Grumman Settles ERISA Suit The parties reached a $16.75 million settlement amount, to be used to improve the administration of the retirement plans in question and to compensate employees and retirees. In the underlying suit, the plaintiffs alleged, among other claims, that Northrop fiduciaries violated their duties to employees in two 401(k) retirement plans by improperly causing those plans to pay Northrop for administrative services. Read more > HSA Evolution Could Drive Adviser Opportunity Since the new Congress began in January, there have been more than 20 bills proposed that impact consumer-driven health plan, and more specifically HSAs. Read more > Comprehensive Coverage of PSNC 2017 Here we present end-to-end coverage of the 2017 PLANSPONSOR National Conference, held last week in Washington, D.C. The three-day event featured speakers from the DOL, top ERISA law firms and plan providers, as well as high-performing plan sponsors from across the U.S. Read more > Education Costs Put the Squeeze on Retirement Savings While young people may delay saving for retirement because of crushing student loans and parents may think it is more important to fund their child’s education, they should not lose sight of their own needs in retirement, advisers say. Read more > MOST READ ARTICLES 1 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 2 A New World and New Opportunities for Alpha 3 ERISA Excessive Fee, Self-Dealing Suit Targets MEP 4 PANC 2020: Is It Time to Re-evaluate TDFs? 5 PANC 2020: Best Practices for Virtual Meetings—and Avoiding Zoom Fatigue

Sponsored message from T. Rowe Price T. Rowe Price’s Active Target Date Approach Adds Value Our study of 11 T. Rowe Price Retirement Funds confirms that our active process has added value. All 11 funds outperformed in at least 84% of rolling five-year periods and in every rolling 10-year period since inception, net of fees. Read more > Retirement Savers Share Outlook on Interest Rate Environment Wells Fargo released its Retirement Optimism Index, which offers insight into what retirees and non-retirees think about the current interest rate environment and what’s to come.   Read more > 2017 PLANADVISER Micro Plan Survey Because there are larger fees to be earned from plans with greater assets, recordkeepers and even advisers may be tempted to gravitate—and often do—toward plans with more than $5 million. But the needs of micro plans can be quite vast, as are the opportunities for a good plan adviser in this corner of the market.  Read more > One America Releases Adviser-Friendly Revenue Accounts The One America revenue accounts allow advisers to move from commission-based compensation to a fee-based structure. Read more >

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