PLANSPONSOR 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
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.

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.

Congressional Democrats Continue Push on Butch Lewis Act

The legislation would take steps to provide additional anti-cutback protections for Teamsters, miners, and other unionized American workers who have paid significant sums into multiemployer pension funds.

Education on Lifetime Income Needed in Not-for-Profit Sector
In-plan lifetime income options can secure certain benefits participants may not find in retail solutions, suggests a new study by TIAA.

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

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

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