Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 3rd, 2016
Another 401(k) Self-Dealing Lawsuit Filed
In addition to calling out Franklin Templeton for using high-cost proprietary funds in its plan, the lawsuit challenges its choice to offer its money market fund rather than a stable value fund. Read more >
Court Finds Union Fund Trustee, Counsel Guilty of Retaliation
The DOL charged that workers for a union trust fund were fired for filing an internal complaint regarding wrongdoing by the trustee and cooperating with a federal criminal investigation. Read more >
Medicare Premium Spending in Retirement
The “Guide to Retirement: 2016 Edition” from J.P. Morgan Asset Management provides a range of insights about what financial challenges individuals should expect in retirement, including hard figures on Medicare premiums, long-term care costs and other critical aspects of retiree health care. Read more >
Advisers Aren’t Alone in Fretting a Lower-Margin Future
For asset managers operating in an industry historically dependent on traditional active funds to buoy revenue and profits, the push toward index-linked investing can be worrying. Read more >
John Hancock Reveals Stable Value Guaranteed Income Fund
Senator Introduces Bill to Encourage Faster Student Debt Payoff
Don’t Overlook Stable Value’s Role as Bull Market Ages
Retirement Industry People Moves
PIMCO Discovers Error in Fund Fee Waiver
Fidelity Finds Millennial 401(k) Account Balances at Record Levels
Fidelity’s latest retirement analysis reveals its customers have increased their 401(k) balances on average and its Millennial account holders are making record savings. Read more >
Taking the Pulse
“It’s amazing how far we can be from reality on any given observation,” says Jim McQuillan, president of RJF Financial Services in Minneapolis. Surveys can inform you of “weak spots in your deliverables,” he explains. Read more >
DST Systems Streamlines Enrollment on TRAC Platform
Enhancements to the current enrollment platform offer an even faster pathway for hesitant or time-pressed employees to start saving in their company’s retirement plan, the firm says. Read more >

Editorial: Alison Cooke Mintzer


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