August 10th, 2017

First Signs Emerge of DOL Fiduciary Rule Transition Extension The DOL submitted a very brief document to a Minnesota district court apparently confirming the substantial development that it will seek to extend the fiduciary rule transition timetable. Read more > Retirement Plans and Geopolitical Instability On August 2, President Donald Trump signed the Countering America’s Adversaries Through Sanctions Act. “Many ERISA and governmental benefit plans may view trade sanctions as something that applies to banks but that doesn’t impact our retirement system. This view is wrong,” warn attorneys with Groom Law Group. Read more > District Court Denies Prudential Stable Value Class Action Motion In seeking class certification and determining the proposed scope of the class, the suit cited Rule 23 of the Federal Rules of Civil Procedure. The plaintiffs sought to include “all ERISA covered employee pension benefit plans whose plan assets were invested in Prudential Retirement Insurance and Annuity Company’s Group Annuity Contract Stable Value Funds” within a six-year period.  Read more > False Sense of Security Surrounds Active Fixed-Income Allocations Experts with Charles Schwab warn that a decade of generally stable credit markets has some investors feeling a false sense of security about “stretching for yield” within near retirees’ target-date funds. Read more > MOST READ ARTICLES 1 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 2 Home Depot ERISA Lawsuit Clears Dismissal Motions 3 A New World and New Opportunities for Alpha 4 Excessive Fee Lawsuit Filed Against Duke Energy 5 AutoZone ERISA Suit Clears Motion to Dismiss

2017 PLANADVISER Micro Plan Survey Micro-sized defined contribution plans, as defined by the 2017 PLANADVISER Micro Plan Survey, are those with less than $5 million in assets. Taken as a whole, however, the micro-plan market in many ways is large. According to sister publication PLANSPONSOR’s 2016 Recordkeeping Survey, published last June, there are 746,796 micro defined contribution plans in the U.S., covering 16.2 million participants and having a total value of $548 billion. Read more > From the Magazine: Trendspotting Charts A look at employees’ latest concerns and what these mean to advisers. Read more >

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