Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 25th, 2015
Looking Back to Move Ahead on Practice Tech
Today Lisa Weil is vice president of industry solutions for ProcessUnity, a firm introducing cloud-based practice management support services in the qualified retirement plan space. Her experience includes 12 years at Fidelity, where she held product leadership roles spanning the institutional and retail markets—along with early career work as a software developer. Read more >
Senate Joins House in Effort to Defund Fiduciary Rule
An appropriations subcommittee bill was approved that would restrict the Department of Labor in its fiduciary rule efforts. The committee said its recommendations include several provisions to restrain regulatory overreach by the administration, including the fiduciary rule. Read more >
Ohio IRA Provider Ignored Red Flags, SEC Says
The Securities and Exchange Commission announced charges against Equity Trust Company, a self-directed IRA provider that allegedly ignored danger signs in accounts with investments that turned out to be fraudulent. The custodian is said to have sponsored dinners with Ponzi operators and charged fees to account-holders even after fraud charges were announced. Read more >
IRS Publishes NQDC Plan Audit Guide
The Internal Revenue Service has published the Nonqualified Deferred Compensation Audit Techniques Guide (June 2015). Good for plan rules through its June 9 publication date, the guide serves as an alert for plan sponsors about what auditors will examine and as a reminder of nonqualified deferred compensation plan rules.  Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
AARP Finds Major Gap Between Retirement Goals and Preparedness
A Reminder to Avoid Fraudulent Hardship Withdrawals
Sponsored message from PLANADVISER
2015 Participant Survey
For most Americans, the retirement system seems to be working: People are generally moving in the right direction by increasing their savings amount, but our annual Participant Survey finds that workers participating—or not—in employer-sponsored plans still find themselves a long way from the summit. Read more >
Gen X Confident Savers
Generation X seems to have gotten the message of how important it is to save for retirement, and to start early, an Ameriprise Financial survey finds. Seventy-seven percent of Gen Xers believe they are saving enough to afford the kind of lifestyle they want in retirement. Read more >
For Finances, Couples Are On Different Pages
The majority of couples believe they communicate effectively when it comes to finances, but a new study shows otherwise. Almost half of the respondents in a survey on couples and retirement could not correctly identify how much their partner makes—with some off the mark by as much as $25,000. Read more >
Autopilot Platform from CLS and Riskalyze Takes Off
Advisers can use the Autopilot platform, a joint creation of CLS Investments and Riskalyze, to profitably serve accountholders with smaller assets, says Aaron Klein of Riskalyze. “It will demolish the barrier between smaller investors and access to the advice they need to thrive,” Klein says. Read more >
Paycor Unveils 401(k) Plan Administration Service
Known for employee onboarding and human resources administration solutions, Paycor has launched a new “360-degree 401(k) service” designed to simplify plan management for retirement plan sponsors, brokers, advisers and third-party administrators. Read more >
OppenheimerFunds’ RIA Team Now Fully Staffed
OppenheimerFunds has filled out its registered investment adviser (RIA) team: Kyle Najarian and Keith Watts have joined the firm as senior adviser consultants for the West and Southeast regions, respectively. Read more >
HANYS Benefit Services Expands NYC Presence
To meet client demand in the New York City area, HANYS Benefit Services expanded operations to a new location in Melville, New York. The firm provides advisory services, retirement plan offerings and other employee benefits products. Read more >
DIVERSIONS: 3D Tech Is Fine for Limbs, Not Food
Survey respondents expressed concern about the safety of materials used to manufacture 3D printed products, and the durability and performance of those products. Nevertheless, they were willing to consider using 3D printed items, including prosthetic limbs, shoes or clothing, automotive parts or houses. Relatively few people said they’d eat food from a 3D printer. Read more >
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