Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 11th, 2016
Sanofi Defeats ERISA Stock-Drop Challenge
A federal judge ruled the lead plaintiff does not have standing to bring his claim because he never purchased or sold ADRs of Sanofi during the alleged period of artificial price inflation. Read more >
Mixed Ruling in Wawa Stock-Drop Complaint Partial Dismissal
The judge noted that the “right to a particular form of investment (e.g., investment in employer stock or securities)” is not a protected benefit under the IRC anti-cutback provision. Other parts of the challenge were permitted to proceed.  Read more >
Fastest Growing Advisory Practices Focus on Client Interface
According to new study data, putting in place just a handful of next-generation client management best practices can increase the value of an advisory business by more than $1 million over a 10-year period. Read more >
2017 Award Nominations Are Open
Nomination forms for the 2017 PLANSPONSOR Plan Sponsor of the Year Awards and Retirement Plan Adviser of the Year awards are now available. Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
SECURE Act's House Passage Brings Test of Congressional Mediators
Some Expect Senate Action Sooner Than Later on SECURE Act
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
J.P. Morgan Agrees to Pay $75 Million to Settle ERISA Lawsuit
Sponsored message from JP Morgan
Are your clients concerned about DC plan fees?
Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. J.P. Morgan’s 401(k) Fee comparison tool can help you compare your clients’ current fees with the 401(k) Averages Book, discover potential savings and document your due diligence in addressing clients’ plan fees.  Read more >
The Right Pick
Russell Hooker, executive vice president at TPA firm Nova 401(k) Associates Inc. in Houston, thinks of a good plan adviser as acting like a general contractor, playing an overall leadership role but delegating work as needed to skilled experts on the team. “A good leader is not afraid to lean on other team members, based on their expertise,” he says. Read more >
DTCC to Launch New Fiduciary Insurance Profile Service
The new service, known as Insurance Profile, facilitates compliance with the Department of Labor fiduciary rule during the sale and service of annuities. Read more >
Invessense Partners with MX for Account Aggregation
The partnership will help advisers better analyze their clients’ financial situations while offering guidance around 401(k) plans, retirement accounts and other funds earmarked for retirement. Read more >

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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