| Offering Annuities in DC Plans Doesn't Have to Be Scary |
| There have already been regulations to address DC plan sponsors’ concerns about adding retirement income products to their plan, and Angela Winingham, with MetLife, said she thinks there will be a continuation of that.
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| Pension Fund Ordered to Change Provider Selection Process |
| The DOL has settled a lawsuit over provider selection procedures against the International Association of Machinists National Pension Fund. According to the DOL, an investigation found that the IAM National Pension Fund trustees breached their fiduciary duties under the Employee Retirement Income Security Act.
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| Why So Many Lawsuits in 2016? |
| Much more attention is being paid to retirement plan fees and conflicts of interest following steps by regulators to boost transparency—think 404(a)5 and 408(b)2—coupled with stubborn anti-financial industry sentiment hanging over from the credit crisis of 2008, and a renewed push from DOL.
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| More Plan Sponsors Moving to Non-Recordkeeper TDFs |
| While 90% of survey respondents said they currently offer TDFs as an investment option in their plan, the use of recordkeeper TDFs and non-recordkeeper TDFs is essentially split evenly.
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