Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 22nd, 2017
Gucci Retirement Plan Sued for Charging Excessive Investment Fees
A participant accuses the firm of failing to prudently monitor and assess investment options for the plan. Read more >
Voya Bringing Framework Retirement Program to 403(b) Market
The program’s open-architecture design offers access to hundreds of best-in-class mutual fund families. Read more >
Impax Asset Management to Acquire Pax World Management
The partnership will focus on sustainable investing. Read more >
Employer Offerings, Participant Usage of Company Stock in 401(k)s Declining
At the same time, employees in ESPPs are using company stock to address financial wellness needs. Read more >
SECURE Act Ensnared in Senate After Flying Through House
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
Newly Allowed 401(k)s Will Need Advisers
Sponsored message from NATIONWIDE
The Financial Adviser’s Guide to “Reasonable Compensation”
DOL fiduciary rule: crack the code of “reasonable compensation” Read more >
Fewer Singles Saving for Retirement than Married Couples
Forty-four percent of single people are saving for retirement, compared to 63% of married people. Read more >
Wells Fargo Asset Management CEO Issues Call to Action on Gender Challenges
During a press lunch in New York, Wells Fargo’s CEO of asset management issued a direct call to action for retirement plan advisers, sponsors and providers to do more to help Millennial women save and invest effectively for retirement. Read more >
Millennials Prefer Human Financial Advisers
A majority of young investors believe human advisers can generate a better ROI than robo-advisers, a recent survey finds. Read more >
ESOP Participants Win Case Over Failed Diversification Implementation
A court used plain language of the ESOP plan document to show the plan administrator’s failure to implement participants diversification elections was “arbitrary and capricious.” Read more >
Future Retirees Have Grim Outlook
In addition, more than one-quarter of recent retirees say life is worse because of income and cost of living. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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