Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 6th, 2015
DOL Publishes Fiduciary Rule Hearing Schedule
The Department of Labor has released its agenda for next week’s public hearings to discuss the department’s proposed fiduciary rule changes. Hearings on the controversial rulemaking will take place over nearly four full working days—August 10 through 13—at the Department of Labor (DOL) offices in Washington, D.C. Read more >
11th Circuit Reaffirms Delta Air Lines Stock Drop Victory
Few legal challenges seem to survive quite as long as lawsuits under the Employee Retirement Income Security Act, and some “stock drop” cases have had truly impressive lifespans. Consider the recently reaffirmed appeals court decision in Dennis Smith v. Delta Airlines. A district court initially dismissed the challenge in March 2006, but the subsequent appeals have only just concluded.  Read more >
IRS Unveils Mortality Tables for 2016 Pension Funding
“The misery of uncertainty is worse than the certainty of misery,” commented one retirement industry expert, on the release of 2016 IRS static mortality tables. Read more >
Health Care Costs Remain Major Retirement Expense
A 65-year-old couple can expect to pay $220,000 on health care in retirement, a government group says. This far outstrips the average retirement savings of U.S. workers.  Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Institutional Plans See Strong Q1 2019 Returns
RESA, RSSA, SECURE Act and More Pile Up in Congress
Excessive Fee Suit Filed Against Greystar Management
Student Loans Setting Millennials Back
The most common financial milestones Millennials are postponing due to high levels of student debt probably won’t surprise you. Think, American Dream. Read more >
CAPTRUST Acquires MFP Strategies
CAPTRUST Financial Advisors has acquired Bethlehem, Pennsylvania-based MFP Strategies. The acquisition adds $5 billion in assets and grows CAPTRUST’s assets under advisement to more than $180 billion. Read more >
Millennium Trust Updates Web Capabilities
Clients can now complete the automatic rollover process “in three easy steps” through the updated Millennium Trust Company website.  Read more >
DIVERSIONS: Which Cities Will Cost Individuals the Most?
Between clothing, rent, gym memberships and date night, the single life can really add up. Here’s a look at the five most expensive cities for single people. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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