PLANSPONSOR Weekend Newsdash
Week ending October 14th, 2016
NOTE FROM THE EDITOR
Happy Friday, readers. Did you know that PLANADVISER print just entered its 10th anniversary volume? And what a decade it has been. If you’re reading this newsletter, we probably don’t have to remind you of the massive changes that have occurred for retirement plan advisers and their service provider partners—pertaining to all aspects of running a profitable and compliant advisory business. Collected below are a some highlights from our first issue of Volume 10 of PLANADVISER Magazine, focused on helping advisers gain an edge in the next decade and beyond.
Editor's choice
New Frontier
“We know that in the last 10 years or so, the advisory community has been quite successful in its effort to evolve, moving away from being purely investment experts to embrace the role of a retirement plan design consultant,” says Jordan Burgess, a long-time Fidelity executive who now oversees defined contribution investment only sales for Fidelity Institutional Asset Management in Boston. Read more >
2016 PLANADVISER Retirement Plan Adviser Survey
Although educating participants and helping plan sponsors craft the best possible plan design for their company may be two of the most important functions of a retirement plan adviser, aiding sponsors in their selection of investment options, not to mention the most appropriate recordkeeper for their plan, certainly are two other critical functions. The 2016 PLANADVISER Retirement Plan Adviser Survey, our 10th, examines the factors advisers consider when selecting these providers and discovers with which providers and investment managers advisers prefer to do business. Read more >
Fiduciary Crunch Time
It will not be easy or particularly fun, actually sitting down to read the fiduciary rulemaking language, but there is so much that can vary from practice to practice, individual firms absolutely must perform their own close review. Read more >
Motivating Your Staff
How a retirement plan adviser firm approaches ongoing education begins with company culture. At least that’s true for Francis Investment Counsel and Channel Financial, two independent firms whose training philosophy reflects their companies’ vision. Read more >
Millennials Essential
Many studies have shown that two-thirds of retirement advisory practices have no succession plan. This widespread failure among retirement plan practices to consider the future can be particularly troubling, as “the average age of all advisers today is 51, 21% are over the age of 60, and 50% are within 15 years of retiring,” says Richard Saperstein, managing director and chief investment officer (CIO) at HighTower Treasury Partners in New York City. Read more >
MOST POPULAR STORIES
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes

It appears some last-minute amendments have largely removed controversial provisions from the Senate’s version of tax reform legislation that would have had a big impact on governmental 457 and nonprofit 403(b) plan sponsors.

Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth

The American Retirement Association says that tax reform could be a disincentive for small businesses to offer retirement plans; however, as one reader shares, there are counter considerations having to do with Roth 401(k) options that could mitigate some of the concern.

Spouses Play Increasingly Influential Role Alongside Advisers

Advisers focused on client retention take heed—spouses are increasingly influencing retirement income planning decisions, says Hearts & Wallets research.

CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction

Plan fiduciaries are accused of breaching their duties in the design, management, operation and administration of an active large cap U.S. stock fund offered as a core menu investment option.

Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs

In their lawsuit, the plaintiffs called the Fujitsu plan one of the most expensive in the country and specifically called out the design and implementation of the plan’s custom target-date funds.

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

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

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