Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 19th, 2016
Berkshire Hathaway ERISA Suit Sent Back to District Court
An appellate court has partly reversed the dismissal of claims against Berkshire Hathaway retirement plan fiduciaries accused of violating ERISA benefit cutback provisions. Read more >
From the Magazine: Under Armor
There has clearly been an increasing number of DC plan lawsuits filed over the last year by a wider range of plaintiffs’ firms. These include law firms that have little experience filing ERISA fee suits, that think about ERISA issues in an entirely different way than the usual players do. Read more >
Financial Stress Afflicting Many Workers
Financial Finesse, in its annual Financial Stress Research study, found that many workers are experiencing such stress and that it is having debilitating effects on their lives, including their work. The primary factor that determines a person’s financial stress level is cash management, and Financial Finesse found this skill varies widely among individuals. Read more >
Lawmaker Introduces Bill to Create Universal Retirement Plan
In addition to the employer contribution, once enrolled, employees would automatically begin contributing 3% of their pre-tax income, which would increase gradually over time, unless they opt-out. Read more >
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
The New Vesting Schedule Debate
Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance
What Mutual Fund Fee Disparities Mean for Retirement Savings
Why Are Financial Services Firms Looking to Wealth Management Leaders?
Another Bill Addresses PBGC Premium Budget Issue
Senator Mike Enzi (R-Wyoming) has introduced S.3240, described as a bill to prohibit the use of premiums paid to the Pension Benefit Guaranty Corporation as an offset for other federal spending. Read more >
Baby Boomers Need Help with Retirement Risks and Fears
From planning for health care expenses to addressing longevity and market risks, Baby Boomers are in need of help. Read more >
Wanting to Work Longer Doesn’t Mean It’s Possible
Despite warnings from service providers and even current retirees, Americans still significantly overestimate the number of years they’ll be able to hang around in the workplace. Read more >
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