Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 10th, 2016
Big-Name Universities Targeted in Bout of ERISA Suits
Schlichter, Bogard and Denton filed separate class action lawsuits against three universities—MIT, NYU and Yale—seeking various damages and remedies for some 60,000 employees enrolled in the universities’ defined contribution retirement plans. Read more >
ICI Urges Caution Around California Secure Choice Program
The California Secure Choice Retirement Savings Program has received a lot of positive press for bringing much-needed attention to a difficult policy issue—but others warn the program could do more harm than good. Read more >
2016 PLANADVISER Defined DCIO Survey
Use our interactive data parsing tools to learn more about the industry’s top providers of defined contribution investment only services.  Read more >
How Workable is the Best-Interest Contract Exemption?
Plan sponsors should understand that exclusions from the DOL fiduciary regulations “skirt the main purpose of the new rule, which is to restrict incentives for which fiduciary advisers steer retirement investors, including plans, plan participants and individual retirement account owners, to more expensive investment products that raise the adviser’s compensation.” Read more >
SECURE Act Ensnared in Senate After Flying Through House
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Retirement Industry People Moves
Newly Allowed 401(k)s Will Need Advisers
July Was Busiest DC Plan Trading Month Since January
Following a strong month for the stock market, data from the Aon Hewitt 401(k) Index shows July had the highest volume of trading in 401(k) plans since January 2016. Read more >
Advisers in Training
“The more you can hire people who’ll be around for a long time, the more it helps the culture of the firm,” one longtime advisory industry executive says. “And I think the happier the culture, the better the work you do for the client.” Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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