PLANADVISER Weekend Newsdash
Week ending December 9th, 2016
NOTE FROM THE EDITOR
This week’s news that President-Elect Donald Trump would name Andy Puzder, chief executive officer of CKE Restaurants, as Secretary of the Department of Labor answered weeks of speculation in the retirement plan services industry. The fate of the fiduciary rule rests largely in the hands of the next DOL chief—and whoever is subsequently named leader of the Employee Benefits Security Administration. It is still unclear how the CEO of a company known for operating the Hardee's and Carl's Jr. burger brands will view the complex and controversial regulation, but we will likely soon find out. 
Editor's choice
Investment Industry Must Double Down on Fairness and Transparency
In the retirement planning and investment industry of the near- and long-term future, providers’ motivations will play a deep role in determining success. Read more >
Consultants Reflect on Fiduciary Rule Progress
There has been a marked proliferation of defined contribution plans in which individuals take on much more responsibility around saving for retirement. The spirit of the fiduciary rule is to ensure that plan participants and plan sponsors get the best possible advice in this challenging new environment. Read more >
New Shade of Doubt Cast on DOL Fiduciary Rule Implementation
One early commentator tells PLANADVISER he expects the new DOL fiduciary rule will still be implemented, yet there is undoubtedly a new atmosphere of uncertainty with the presidential election result. Read more >
Participants Not Up to Speed on 401(k) Features
Two-thirds failed Fisher’s 401(k) IQ in the Workplace Quiz. The results show retirement plan participants can benefit from fiduciary services, given their lack of investing prowess.  Read more >
MOST POPULAR STORIES
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

Practice Management: Areas of Success

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

Missing Participant Guidance Released by DOL

The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.

Vail Resorts Wins Dismissal of ERISA Fiduciary Breach Lawsuit

The Vail Corp. has skied past a fiduciary breach lawsuit, which was dismissed with prejudice in a detailed ruling.

401(k) Plan Administrator Sues VALIC Over Surrender Fees Charged to Plan

The insurer is charged with engaging in a prohibited transaction under ERISA when the fees were charged during a move to a new provider, as well as with self-dealing.

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