June 15th, 2015

Business Leaders Warn of Fiduciary Rule Fallout The Department of Labor’s proposed fiduciary rule could discourage small business owners from offering simplified employee pension plans and SIMPLE-type individual retirement accounts, a new report from the U.S. Chamber of Commerce contends. Read more > Company Stock Outside the Qualified Plan “The availability of an employee stock purchase plan appears to be an effective way that companies can help their employees insulate their retirement savings,” says Emily Cervino, vice president of marketing at Fidelity Stock Plan Services. The fact is that employees have lots of savings needs, she says, so the liquidity of employer stock held outside a qualified plan can be a big plus. Read more > Towers Watson Says Managed Accounts a Better QDIA Managed accounts make for a better qualified default investment alternative than the other two options that the Department of Labor permits—target-date funds and balanced funds—according to a new report from Towers Watson. While the advantage can be eroded by higher costs, managed accounts are customized for each participant and are built around individuals’ unique asset profiles and circumstances. Read more > MOST READ ARTICLES 1 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 2 CAPTRUST Acquires Retirement Planning Practice From Plante Moran Financial Advisors 3 MassMutual Cites Scale in Agreeing to Empower Deal 4 2020 PLANADVISER National Conference 5 A New World and New Opportunities for Alpha

Sponsored message from Aberdeen Frontier Market Bonds: The Next Chapter Learn why frontier markets’ strong growth dynamics, coupled with historically low correlations to U.S. Treasuries, make a compelling case to diversify your fixed-income approach with emerging and frontier market debt. Read more > Trading Was Brisk in DC Accounts in May Defined contribution participant transfers in May averaged 0.031% of total balances daily, according to the Aon Hewitt 401(k) Index. There were eight days of above-normal trading activity—the highest monthly total in two years, making it the first month with transfers above 0.03% since October 2013. Read more > New SageView Office Opens in Colorado SageView Advisory Group announced the opening of its newest location in Denver, Colorado, which the firm says will better serve an expanding client base in the Colorado area. The new office will also provide a local base for servicing Southwest and Mountain West clients. Read more >

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