Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 22nd, 2017
Putnam Wins Suit Over Proprietary Funds in 401(k)
Putnam was found not to have breached its duty of loyalty to its 401(k) plan participants, and the court found the plaintiffs did not prove a loss suffered from a specific breach of fiduciary duties. Read more >
ERISA Vista: 401(k) Rollovers to IRAs
The provision in the DOL fiduciary rule that says distribution and rollover recommendations are fiduciary advice was not changed; it was only delayed from April 10 to June 9. Therefore, any rollover recommendation on or after June 9 will be deemed fiduciary advice and will require a prudent process and an exemption from the prohibited transaction rules. Read more >
Window Opens to Comment on CFP Conduct Standards
CFP Board released a draft of proposed revisions to its Standards of Professional Conduct for a 60-day public comment period, running through August 21, 2017. Read more >
EBSA Secures Judgement Following Criminal Prosecution
The Department of Labor’s Employee Benefits Security Administration has secured a judgement and consent order against Andrea Lynn McCarthy and Lisa Hall, and the Truss Systems LLC Profit Sharing Plan, for violations of the Employee Retirement Income Security Act. Read more >
Walgreen Sued for Keeping Underperforming TDFs in 401(k)
‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
SECURE Act Ensnared in Senate After Flying Through House
IRS Private Letter Ruling Solves Crucial Annuity Transaction Friction Point
The DOL’s Fiduciary Race Ahead of 2021
Analysis Reveals Drivers of DC Plan Health
An analysis of Wells Fargo’s bundled recordkeeping business, representing four million participants, finds that plan health has been improving. Read more >
From the Magazine: Shielding Yourself
Deciding whether to be a 3(21) or a 3(38) fiduciary.  Read more >
BMO Helps Advisers and Sponsors Benchmark Plans
The aim is to help advisers have more nuanced conversations with their clients and for sponsors to see how they compare to other companies in their industry. Read more >
Redhawk Brings ERISA Fiduciary Services to IRA Space
The FiduciaryShield toolset launched by Redhawk aims to help advisers meet fiduciary responsibilities on behalf of IRA holders. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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