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 >
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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 >
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