Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 19th, 2015
World’s Largest Coal Company Faces ERISA Suit
Peabody Energy Corporation is facing a class action lawsuit alleging the company violated ERISA rules by continuing to offer company stock as an investment in several defined contribution plans. The allegations resemble other “stock drop” suits, which claim plan administrators should have removed the company’s stock from the plans as its trading price tumbled. Read more >
Re-enrollments Remain a Poorly Leveraged Plan Booster
More than one-quarter of respondents to J.P. Morgan Asset Management’s 2015 Defined Contribution Plan Sponsor Survey said they have considered a re-enrollment but did not pull the trigger. Discussing the survey with PLANADVISER, one J.P. Morgan executive says much of the hesitancy results from poor understanding of how to plan and enact the re-enrollment effort. Read more >
Report Compares Robo-Adviser Brands
A new Hearts & Wallets study “assesses the robo phenomenon through the prism of trend-setting Millennials,” comparing robo-adviser brands as perceived by younger investors. They may control a small portion of the total $41 trillion of investable assets in the U.S., but younger consumer preferences will have an outsized impact on financial services as firms race to respond to new trends, the study finds.  Read more >
Oregon Legislature Approves State-Run Retirement Plan
The Oregon Senate has given final approval to a bill that would allow private-sector employees without an employer-sponsored retirement plan to join a state-sponsored plan. The bill now goes to Governor Kate Brown, whose signature will create a board within the Oregon State Treasury tasked with developing a plan option similar to an individual retirement account. Read more >
MOST READ ARTICLES
1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
3
Education on Lifetime Income Needed in Not-for-Profit Sector
4
Congressional Democrats Continue Push on Butch Lewis Act
5
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
Ways Plan Sponsors Can Use Financial Wellness
A shared interest in helping plan participants move the dial on retirement readiness as well as general financial behavior sparked State Street Global Advisors and Benz Communications to partner in an unusual venture: a day-long “hackathon” for plan sponsors to share concerns and insights on their employees’ financial behaviors. Read more >
Common Challenges When Working With Couples
TIAA-CREF finds most couples entrust one partner to take charge of financial planning, and 41% of financial decisionmakers do not include their spouse in the process at all. This one-sidedness leads to poor client retention when couples are broken by a death or divorce—with 70% of women dropping their financial adviser within a year of being widowed. Read more >
PNC Asset Management Unit Names OCIO Specialist
Robert Zeidman has been named outsourced chief investment officer product specialist at PNC Institutional Asset Management Group. In his new role, Zeidman is responsible for working with the institutional asset management division to market OCIO capabilities and applications.  Read more >

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

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

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