| Novant Health Agrees to Settle Excessive Fee Suit |
| Settlement calls for monetary relief in the amount of $32 million, as well as nonmonetary relief, including that Novant will adopt a new investment policy statement and conduct a competitive bidding process for recordkeeping, investment consulting and participant education services for the plans.
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| What Could Possibly Go Wrong? |
| What if a plan fiduciary steals from the retirement plan? What if someone makes an unwise investment choice and an unhappy participant sues the plan? The first, most basic level of protection for retirement plan sponsors and retirement plan advisers is the ERISA bond, but more advanced strategies are required in today’s marketplace.
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| Best Practices in Investment Menu Management |
| As observed by Paula Smith, New York-based senior vice president and head of defined contribution investment only and college savings products for Voya Investment Management, complicated menus simply do not line up with the reality of defined contribution plan usage in the U.S.
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| The 2015 Retirement Plan Adviser Survey |
| Arguably, retirement plan advisers have a better—or at least a more comparative—perspective than their plan sponsor clients about the relative strength of products and services offered by investment and recordkeeping providers.
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