Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 13th, 2015
Participants Sue Allianz Retirement Plans
A lawsuit seeking class action status suggests a total plan cost of 0.77% “is outrageously high for a defined contribution plan with over $500 million in assets,” suggesting the “average fee” for this segment is closer to 0.44%. Read more >
FINRA and SEC Approve New Broker Check Mandate
The SEC approved a proposal from FINRA to amend FINRA Rule 2210, such that a hyperlink to FINRA BrokerCheck must be prominently displayed on all brokers’ websites. Read more >
Disconnect Between Financial Perception and Reality
A majority of people surveyed say they are in control of their financial future, yet 30% say their level of debt is ruining their life. Read more >
Adding Mobile Apps to Your Practice
“We’re seeing a shift in the usage of mobile apps; it’s increasing across all demographics,” says Dave Gray, vice president of client experience at Charles Schwab. “We are seeing that younger folks, under age 35, and those with smaller account balances are engaging more with the mobile apps than with the website.” Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Senate Finance Committee Advances EARN Act
Desire for Human Adviser Still Strong
Although retirement plans are increasingly crowded with technological innovations, there’s one old-fashioned thing that plan participants still want. Read more >
Company Stock Continues to Present Client Challenges
Retaining the stock may be best despite litigation risk—and advisers can show the plan sponsor how to do company stock in DC plans the right way. Read more >
2016 PLANSPONSOR Plan Sponsor of the Year Nominations Close Nov 4
Nominations may be made by providers, advisers, consultants, actuaries, attorneys, third-party administrators, employees, or colleagues. Please note that all plan sponsors nominated through this form will receive a follow-up form in November asking for more detailed information. Read more >
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