July 6th, 2016

Lawsuit Accuses American Century of Self-Dealing in 401(k) The complaint says the retention of American Century’s proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees. Read more > Fujitsu Faces 401(k) Lawsuit by Participants In addition to calling Fujitsu’s 401(k) the most expensive large plan in the country, the lawsuit calls out the defendants design and implementation of custom TDFs. Read more > Developing 403(b) Service Strategies Now May Pay Off Some DC plan providers see big opportunity ahead in helping higher education institutions prepare their workforces for retirement via 403(b) and 457 plans. Read more > From the Magazine: Taking the Pulse For the past 15 years, Strategic Retirement Group of White Plains, New York, has been surveying its clients directly, says David Hinderstein, president. “The No. 1 reason is to know what they are thinking about us and, No. 2, to get their feedback on how we could perform services better,” he says. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients 3 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Many Near-Retirees Don't Understand Social Security Benefits 5 Once They Catch On, PEPs Could Grow Exponentially

Advisers Under Armor There has been nothing short of a furious pace in the filing of new lawsuits under ERISA in the last year. Some of the latest suits take novel approaches, calling into question the most basic assumptions that service providers have relied on when assessing questions of fair client costs and value. Read more > 2016 PLANADVISER Defined Contribution Investment Only Survey Our latest DCIO survey shows ongoing development in the way providers work together to deliver service to plan participants. For example, DCIO managers today have selling agreements with an average of 62 recordkeeping platforms, down substantially from 76 in 2014. Read more > LIMRA LOMA SRI Launches Fiduciary Training Course According to LIMRA LOMA Secure Retirement Institute, nearly three in four DC plan providers believe they will need to train their employees about the new DOL fiduciary rule. Read more >

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