December 11th, 2018

ERISA Litigators Reflect on Lessons Learned in 2018 Lessons learned from district and appellate court decisions filed this year can help plan sponsor clients better protect their plans and fiduciary staff; 2018 also brought new trends in regulatory audits and investigations of advisers. Read more > MetLife Pension Calculations Questioned in ERISA Complaint The complaint suggests MetLife is failing to meet its obligations to ensure different annuity options offered to pension plan participants are actuarially equivalent to the default benefit, as required under ERISA. Read more > Settlement Reached in Franklin Templeton Self-Dealing Lawsuit A federal district court judge recently moved forward most claims in the case, and a trial date was set for January 14, 2019. Read more > 9th Circuit Upholds Dismissal of Chevron Fiduciary Breach Lawsuit The appellate court found that the allegations showed only that Chevron could have chosen different vehicles for investment that performed better during the relevant period, or sought lower fees for administration of the fund, not that any breach of ERISA duties had occurred. Read more > MOST READ ARTICLES

Sponsored message from JP Morgan Are Your Clients Concerned about Plan Fees? Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. Address your clients’ cost concerns with a J.P. Morgan 401(k) analysis comparing their current fees with industry averages. DISCOVER POTENTIAL SAVINGS > Read more > DB Plan Funded Status Shows Slight Improvement in November The estimated aggregate funding level of defined benefit plans sponsored by S&P 1500 companies increased by 1% in November to 91%, as a result of an increase in U.S. equity markets, according to Mercer. Read more > Envestnet Enhances Wealth Management Program Adviser/client communication capabilities have been improved, as well as the ability for clients to look at their complete financial picture. Read more > Market Mirror Yesterday, the Dow increased 34.31 points (0.14%) to 24,423.36, the NASDAQ gained 51.27 points (0.74%) to finish at 7,020.52, and the S&P 500 closed 4.64 points (0.18%) higher at 2,637.72. The Russell 2000 was down 4.99 points (0.34%) at 1,443.10, and the Wilshire 5000 was up 16.29 points (0.06%) at 27,160.15. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.860%. The price of the 30-year Treasury bond was up 5/32, decreasing its yield to 3.131%.

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