PLANADVISER Weekend Newsdash
Week ending September 23rd, 2016
NOTE FROM THE EDITOR
Happy Friday, readers! This week’s mailing takes a close look at some of the most pressing compliance issues from the perspective of DC specialist plan advisers. Trusted ERISA experts outline the new standards for making referrals under the fiduciary rule, discuss opportunities and challenges related to sweep programs, and outline the shifting taxation requirements associated with 457(f) plans. 
Editor's choice
Referrals Under the Final Fiduciary Rule
The rule provides that recommending a fiduciary investment adviser to an IRA owner in exchange for a referral fee, such as a solicitor’s fee, is a fiduciary act. And, under the rule, virtually every adviser will be a fiduciary. Read more >
Don’t Forget About Sweep Programs
A sweep program, fund or similar device is a common means used by retirement plan advisers and their affiliates to hold account assets on a short-term basis pending an investment or other transaction. These programs may give rise to prohibited transaction issues under the Internal Revenue Code or the Employee Retirement Income Security Act.  Read more >
Government Plans Will Receive Face-Lift
Unlike 457(b) plans and tax-qualified plans such as 401(k)s, there is no limit on the amount that may be deferred under a 457(f) plan. However, 457(f) plans suffer an important disadvantage when compared with those other types of plans; specifically, the amounts deferred are taxable to the employee when they become vested, rather than when they are paid to him. Read more >
The 'Threat' of the PPA
Thanks to the Pension Protection Act of 2006, we are able to assume that most plan sponsors can add automated plan features if they are interested, and we often question why a plan wouldn’t be interested in such a design feature. Read more >
Momentum
Besides getting people participating in retirement plans, the PPA also provided employers with a chance to improve employees’ asset allocation. It opened the floodgates for target-date funds and set the stage for a high level of comfort for plan sponsors to use TDFs as the qualified default investment alternative. Read more >
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TOP 100 Retirement Plan Advisers
Noteworthy retirement plan specialists, based on number of plans and total assets under advisement.
What Is a DOL Adviser Investigation Like?
The number of Department of Labor investigations of financial advisers has steadily increased over the years; here is a primer on the DOL’s sources of authority, and what to expect when examiners come knocking.
Americans Worry About Running Out of Money in Retirement

CPA financial planners say Americans are also concerned about maintaining their lifestyle and not being able to meet rising health care costs.

Court Returns Mixed Ruling in Schwab ERISA Self-Dealing Suit

The detailed ruling comes after Schwab defendants moved to dismiss in part the plaintiff’s second amended complaint. 

Retirement Industry People Moves

Schroders announces North American distribution hires; Senior consultant joins PEI; Wise Rhino Group hires managing director; and more. 

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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