August 21st, 2017

Foot Locker Fails in Cash Balance ‘Wear Away’ Litigation Appeal Participants successfully challenged Foot Locker’s determination of benefit accruals after the conversion of a traditional pension plan into a cash balance arrangement. Read more > From the Magazine: The Best Path Forward Advisers who specialize in the micro retirement plan market—i.e., in plans with $10 million or less in assets under advisement—say that fee compression has made it more imperative than ever that they grow by expanding the number of clients they serve. Read more > Retirement Industry People Moves Student Loan Genius Names New CEO; Cammack Retirement Hires Consultant; Mercer Advisors to Acquire Blue Moon Wealth Advisory; and more. Read more > Surgery Center to pay $5 Million to ESOP The owner of a Manhattan laser surgery center has reached an agreement with the Department of Labor to pay $5 million to its employee stock ownership plan in order to resolve violations of the Employee Retirement Income Security Act. Read more > MOST READ ARTICLES 1 Why Small Business Owners Often Resist 401(k)s 2 'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya 3 NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit 4 Retirement Industry People Moves 5 Barnabas Health Latest to Settle ERISA Suit

Sponsored message from Oppenheimer FINE-TUNING FIXED INCOME OFFERINGS IN INVESTMENT LINEUPS DC Plan Sponsors should consider expanding their fixed income offerings in their plan fund menu. Read more > Attention Retirement Plan Advisers! The PLANADVISER National Conference is about a month away! If you are a retirement plan adviser and haven’t registered, what are you waiting for? We have an all-new agenda we’ve developed for this year’s event featuring industry leaders, PLANSPONSOR Retirement Plan Advisers of the Year and many PLANADVISER Top 100 Advisers. Read more > 2017 PLANADVISER Recordkeeper Services Guide Recordkeeping has always been a challenging business, as exemplified by the shrinking number of providers participating in the annual PLANSPONSOR Recordkeeping Survey and accompanying PLANADVISER Recordkeeping Services Guide. Brian O’Keefe, director of research and surveys at Strategic Insight, parent of PLANADVISER, says, “Recordkeeping is often described as a commodity, and that might be true for the administration of participant accounts, but the 55 providers responding to this year’s survey showcase a wide range of investment, technology and servicing options.” Read more >

Unsubscribe | Manage Subscriptions | Contact Us | Privacy Policy | Advertise ©2022 Asset International, Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850