Good afternoon! We are pleased to bring you our new PLANSPONSOR/PLANADVISER Weekend newsletter format. Each week we will continue to bring you the most popular articles of the week, but now our curated content will be themed. The first Friday of the month will be Plan Design & Administration / Practice Management; second Friday, Financial Wellness & Participant Education / Investing; the third Friday of each month we will bring you articles focused on Health Care and Other Benefits / Client Service; and the fourth Friday will be focused on Defined Benefit Plans / Health Care and Other Benefits. Five Fridays in a month happen only quarterly, but that week our topic will be Investing / Retirement Income & Rollovers. We hope you enjoy this new format and know you will find it helpful and informative. Happy reading!
Establishing scholarship funds and more carefully considering the benefits of diversity in the hiring processes are just a few of the ways an increasing number of firms say they are committed to improving industry diversity.
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Some ERISA attorneys argue the Fifth Circuit decision last week to vacate entirely the DOL’s fiduciary rule expansion makes a Supreme Court decision on the matter inevitable; others are less sure that a decisive SCOTUS decision could be forthcoming, instead expecting the SEC to take the lead; still others admit they have little idea how the regulatory picture will shake out, recommending patience and ongoing compliance.
The latest decision out of the Fifth U.S. Circuit Court of Appeals throws a dramatic new element of confusion into the epic regulatory saga that has been the rollout of the Department of Labor fiduciary rule.
Chuck Coldwell, vice president - national director, Consulting and BOLI Services at Pentegra, believes as an industry, we still have not reached the goal of getting the majority of participants in a good place for retirement—even with auto enroll and escalate.