| Executive Benefits Take a Hit in Tax Reform Proposal |
| The proposal effectively eliminates nonqualified deferred compensation plans as tools for tax planning available to executives and public companies, attorneys with Groom Law Group say.
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| J.P. Morgan Agrees to Pay $75 Million to Settle ERISA Lawsuit |
| The consolidated litigation alleges the firm invested its stable value funds in risky assets, causing losses to retirement plan participants.
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| Court Rules ERISA Statute of Limitations Can Be Waived |
| While the court agreed that ERISA’s six-year statute of limitations is actually a statute of repose, it did not agree with defendants that such statutes cannot be waived at all. After citing several U.S. and State Supreme Court decisions that supported its decision, the court cited “good ol’ common sense,” noting that people can even waive their rights under the U.S. Constitution.
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| Annuities in DC Plans |
| Creating a retirement income stream from savings is, in many ways, the most complicated part of working with one’s retirement plan. Studies have shown that people like the idea of a steady income stream but are unaware of the products—specifically annuities that they can purchase to help them attain that. As plan sponsors consider their options to give plan participants access to annuities through the company plan, advisers are in a position to explain the “how”s and “why”s.
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| 2017 PLANADVISER Retirement Plan Adviser Survey |
| Each year, performance remains top of mind for advisers when selecting investment managers. However, while it is often said that past performance does not indicate future results, advisers place a large emphasis on it when evaluating investments.
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