Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 4th, 2016
IRS Explains What Plan Sponsors Should Do With Compliance Statements
Because the compliance statement resolves plan failures, the IRS says plan sponsors should keep this statement, evidence of corrections, and any follow up letters including extension letters, minor modification letters and revised compliance statements. Read more >
Personal Liquidity and Emergency Cash Challenges for Retirees
It’s more common to think about portfolios or financial institutions as having “liquidity issues,” but many U.S. retirees say they would have real difficulty meeting an unexpected $1,000 expense. Read more >
Many Millennials Think $1 Million Nest Egg Is Impossible
A solid majority of working Millennials do not think it will be possible for them to save $1 million—frequently cited as a savings target—over the course of their lifetime, according to the Wells Fargo Millennial Study. Read more >
From the Magazine: Confidence and Advice
American workers’ confidence in their ability to retire comfortably, which hit record lows between 2009 and 2013 before increasing in 2014 and 2015, leveled off at “very confident” this year. Read more >
SECURE Act Ensnared in Senate After Flying Through House
Newly Allowed 401(k)s Will Need Advisers
Wells Fargo and Principal Can Learn From John Hancock-New York Life Deal
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Without Infrastructure Fees, Recordkeepers Would Go Out of Business
Recommendations Will Be Viewed as Advice
In the absence of the streamlined BIC exemption, the adviser and firm may be able to look to compliance with the full BIC exemption to address potential conflicts. Read more >
PANC 2016: Celebrating a Decade of PLANADVISER
The PLANADVISER National Conference (PANC) is the retirement planning industry’s premier networking and business strategy event—entering its 10th year.  Read more >
Data Points: Matches Still Not Universal
Plans show a wide disparity in acceptance of the feature, depending on their asset size, according to the 2015 PLANSPONSOR Defined Contribution Survey. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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