| Fiduciary Rule Implications |
| David C. Kaleda, principal in the Fiduciary Responsibility practice group at the Groom Law Group, discusses what advisers need to know in advance of next week’s Department of Labor hearings on the controversial fiduciary rulemaking effort. Changes are still possible, but Kaleda feels most advisers would become fiduciaries under the new fiduciary language.
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| ICI Savings Snapshot Shows Individual Commitment |
| A snapshot of the savings behavior of some 26 million U.S. retirement plan participants clearly shows Americans’ continuing commitment to saving for retirement, according to the Investment Company Institute. The data set shows just one in 100 participants stopped contributing in the first quarter of 2015, the same pace as in the first quarter of 2014.
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| Financial Engines Advice to Reach Wells Fargo Participants |
| Ranked as the eighth largest recordkeeper for total 401(k) plan assets in the latest PLANSPONSOR Recordkeeping Survey, Wells Fargo anticipates a release date of “mid-2016” for the advisory service. At that time, retirement plan sponsors on the Wells Fargo recordkeeping platform will be able to elect to add the expanded offering to their retirement benefit plans.
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