| Court Orders Trial to Determine Plan's Top Hat Status |
| The U.S. District Court for the Southern District of Texas has determined there is inconclusive evidence regarding whether or not a wealth accumulation plan offered to executives of RBC Capital Markets Corporation is a “top hat” plan—and is therefore exempt from certain ERISA provisions. Since the issue was not clear, the federal court said a related case must move to trial.
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| Social Security Quiz Stumps Most Americans |
| Most people flunked a 10-question quiz on Social Security commissioned by MassMutual. Just 28% of Americans received a passing grade when asked basic questions about Social Security, and only 8% said they are very knowledgeable about the key federal retirement income benefit.
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| Job Seekers Want a Retirement Plan |
| Nearly 80% of employees view benefits such as a retirement plan as being key considerations when accepting a new position, the ADP Research Institute found. However, only 50% of companies provide a retirement option. While some employers are concerned about cost and disinterest among management and employees alike, the size of the company itself may be another reason it does not offer a retirement savings vehicle.
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| Institutions Not Prepared for Tail Risk |
| Roughly two-thirds of institutional investors surveyed by AllianzGI think that tail risk has become an increasing worry since the financial crisis.
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