Week ending November 18th, 2016

Editor's choice

Data and Research

Scorecard Reports Millennials Are Participating More in Retirement Savings

The key to the increase in engagement seems to be automatic and mobile enrollment. Read more >

Products

Capitol One Eliminates Commission-Based IRAs

As the implementation date for the Department of Labor (DOL)’s Conflict of Interest rule approaches, Capital One Investing will be moving away from commission-based products within its retirement-account services. Read more >

Investing

DC Specialists Embrace Custom TDFs

The number of DC specialist advisers making customized target-date fund recommendations has increased significantly in just the last year. Read more >

Compliance

Second Suit Targets Edward Jones Over Self-Dealing Claims

Edward Jones is being accused by another set of plaintiffs of favoring the investments of its “preferred partners” in its 401(k) plan, enriching the firm at the expense of performance. Read more >

Compliance

Financial Engines and Xerox Questioned in ERISA Suit

The latest ERISA lawsuit to be filed targets Xerox and Financial Engines for advice arrangements negotiated between the firms and several Ford Motor Company retirement plans. Read more >

MOST POPULAR STORIES

Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals

Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.

2020 PLANADVISER National Conference

A New World and New Opportunities for Alpha

Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.

$10M NRECA Settlement Agreement Includes Administrative Changes

In addition to a $10 million payment to a settlement fund, the agreement calls for fee reviews and analyses to occur on at least a triannual basis.

More Sutter Health 403(b) Plan Participants Challenge Plan Investments

As in a lawsuit filed in July, the plaintiffs in the recent case challenge the use of an actively managed TDF suite over an index suite.

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