Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 22nd, 2016
Lawsuit Accuses Morgan Stanley of Self-Dealing in 401(k)
A participant in Morgan Stanley’s 401(k) plan has filed a lawsuit on behalf of approximately 60,000 current and former plan participants alleging the plan included investment options with excessive fees and used Morgan Stanley proprietary funds rather than other funds that would be better and cheaper for participants. Read more >
Cutting Kids Off Can Boost Retirement
It may not be emotionally easy to do, but clients can notably improve their retirement outlook if they reconsider financial support given to their self-sufficient adult children. Read more >
PLANADVISER Webcast: Decoding the Fiduciary Rule
Join our advisers-only webcast to get your questions about the new fiduciary regulations answered. Fred Reish, a partner in Drinker Biddle’s Employee Benefits & Executive Compensation Practice Group, and Christine F. Cushman, Technical Director at Nationwide Advanced Consulting Group, will discuss many aspects of the fiduciary rule.  Read more >
Attack Against Large University Retirement Plans Continues
As with the previous lawsuits, the complaints call out the large number of investment options offered to participants, high expenses for these investment options and the use of multiple recordkeepers. Read more >
Is the Traditional Fiduciary Insurance Model at Risk?
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
Why Small Business Owners Often Resist 401(k)s
Retirement Industry People Moves
SEC Votes to Propose Updated Fund Name Rules, ESG Disclosures for RIAs
Government Plans Will Receive Face-Lift
In order to prevent contributions and earnings to a 457(f) plan from being taxed when credited, plans generally subject them to a “substantial risk of forfeiture” that delays taxation until the year the forfeiture provisions lapse. Proposed regulations continue the special treatment afforded by current rules stating that earnings accruing after a contribution has initially vested become taxable only when paid or made available to the participant. Read more >
From the Magazine: Adviser Trendspotting
A look at the latest concerns and actions among employees, and what they mean for advisers.  Read more >
Retirement Industry People Moves
Pension Resource Institute Hires Retirement Industry Veteran; John Hancock Retirement Names Chicago Regional Manager; Pinkerton Retirement Specialists Joins Triad Advisors; and more. Read more >
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