Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 26th, 2017
Plaintiffs Fail to Meet Pleading Standards in Wells Fargo Stock Drop Suit
A U.S. district court judge in Minnesota has dismissed a consolidated lawsuit alleging Wells Fargo violated its duties of prudence and loyalty under ERISA by keeping company stock as an investment in its 401(k) plan when plan fiduciaries knew the stock price was inflated. Read more >
Catering to Millennial Investors and Job Seekers
According to data from Wells Fargo and TheMuse, if given $1,000 in spare cash to invest, 86% of Millennials would be motivated to invest in a company that “makes the world a better place with their products.” Read more >
Excessive Fee Suit Filed Against Novitex 401(k) Plan Fiduciaries
A participant says a plan with more than $157 million in assets has the bargaining power to negotiate lower fees for administration and plan investments, leveling allegations very similar to those filed against mega-sized plans with 10-times the assets. Read more >
Commitment to Fiduciary Issues Here to Stay
Due to regulatory uncertainty and increasing litigation from plan participants, retirement plan sponsors have become more proactive about their fiduciary responsibilities, Deloitte found in its Annual Defined Contribution Benchmarking Survey, based on a survey of 240 sponsors. Read more >
MOST READ ARTICLES
1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
3
Education on Lifetime Income Needed in Not-for-Profit Sector
4
Congressional Democrats Continue Push on Butch Lewis Act
5
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
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Reviewing Providers
Our latest recordkeeping services guide underscores the point: Non-cookie-cutter plans require non-cookie-cutter services.  Read more >
Americans Fear Exhausting Money in Retirement More than Death
A new study by Allianz shows Americans are generally concerned about retirement, but different generations can learn from Boomers who are growing more frugal. Read more >
The Advice Vector Matters Most for Some Consumers
Delivery methods and costs are the most important factors for many considering seeking financial advice, according to a study by LIMRA. The organization also found that robo-advisers rank more favorably than human financial advisers in some surprising respects.  Read more >
Fee Checker Tool Measures Impact on Savings
The upgraded fee checker tool by America’s Best 401k allows participants to lookup plans by business name to compare fees. Read more >

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

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

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