Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 1st, 2016
Fiduciaries of Small 401(k) Off the Hook for Excessive Fee Suit
That faint whooshing sound you hear is a collective sigh of relief from small-plan sponsors. A lawsuit that suggested retirement plan excessive fee suits were moving down market has been voluntarily dismissed by plaintiffs. Read more >
Learning from Advisers with Fast-Growing Practices
In years past, AssetMark has held informal strategy discussion meetings with fast-growing advisers; but starting in 2015, the firm decided to schedule official meetings with top-performing advisers, to enable them to share their ideas on how best to drive practice growth. Read more >
IRS Announces End to Determination Letter Program
Revenue Procedure 2016-37, generally effective January 1, 2017, changes the Internal Revenue Service’s determination letter program for tax-qualified individually designed plans, and changes the requirements for when plan amendments must be adopted under IRC Section 401(b). Read more >
J.D. Power Sees Advisers ‘In the Eye of the Storm’
A confluence of generational, technological and consumer preference trends is driving a sea change in the traditional investment advisory business, according to J.D. Power researchers. Read more >
SECURE Act Ensnared in Senate After Flying Through House
Newly Allowed 401(k)s Will Need Advisers
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Wells Fargo and Principal Can Learn From John Hancock-New York Life Deal
Retirement Industry People Moves
Ameritas to Take on Guardian 401(k) Business
The two firms have established a long-term strategic marketing relationship under which Ameritas will provide 401(k) products and services through Guardian’s agency system. Read more >
From the Magazine: Rollovers Under the Fiduciary Rule
ADVISER QUESTION: “I’m an adviser who provides investment advice to ERISA plan committees. I also provide wealth management and financial planning services to individuals. Under the final DOL fiduciary rule, will I be able to advise plan participants or wealth management clients about their distribution options under a plan or an IRA?” Read more >
Millennials Have More Investment Confidence Than Boomers
However, more Millennials than Baby Boomers expressed high levels of concern about market volatility and its impact on them reaching their retirement goals. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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