PLANADVISER Weekend Newsdash
Week ending December 18th, 2015
NOTE FROM THE EDITOR
Happy Friday, PLANADVISER readers, and happy holidays. In this, the final PLANADVISERweekend mailing for 2015, we look back at some of our best original web features of the year. Watch your inbox in the coming weeks for more 2015 wrap-up coverage and announcements. We’ll have news about our awards programs and upcoming events—including the 2016 PLANADVISER National Conference. Thanks for another great year from the staff of . 
Editor's choice
Clearing Up Money Market Fund Reform Misunderstanding
Some qualified retirement plan sponsors and service providers are misinterpreting the likely impact of the Securities and Exchange Commission’s money market fund reforms, opining the rulemaking will necessarily drive defined contribution plans away from retail money market funds. Read more >
Do Retirement Plan Advisers Have a Duty to ‘Rat?’
With more advisers taking on a fiduciary role, they should know when to speak up, or walk away, before a retirement plan sponsor gets them in trouble. Read more >
DOL Stands Firm on Fiduciary Rule Despite Negative Comments
Department of Labor officials have heard plenty of reasons why the fiduciary rulemaking effort is flawed in the eyes of the investment service providers it’s meant to regulate—but that doesn’t mean the DOL is about to capitulate on its long-running plan to strengthen the fiduciary standard. Read more >
Regulatory Change Brewing Beyond Fiduciary Rule
Fiduciary reform represents a critical debate for retirement plan service providers and plan sponsors, but fiduciary issues aren’t the only piece of rulemaking they should be concerned about. Beyond its own focus on fiduciary advice issues, the Securities and Exchange Commission is in the process of implementing major money market reform. And don’t forget about FINRA. Read more >
Closer Look at State-Run Retirement Systems for Private Sector
Four states—California, Illinois, Oregon and Washington—have passed laws paving the way to offer state-run retirement plans, and 18 additional states are considering such a measure. And more recently, the Department of Labor issued its much-anticipated guidance on state-run plans. Read more >
Supreme Court Reaches Decision in Tibble v. Edison
A 2015 decision from the Supreme Court seems to solidify the “ongoing duty to monitor” investments as a fiduciary duty that is separate and distinct from the duty to exercise prudence in selecting investments for use on a defined contribution plan investment menu. Read more >
What the Industry Is Reading and Recommending
Our survey found that most advisers are looking forward to reading that next book, while some said it’s a “maybe, if they have the time.” One survey participant was looking forward to reading “anything but business.” “Work-related titles” get the nod over “something I’ve always meant to get around to.” Read more >
Your Clients Auto-Enroll. Now What?
Advisers can aid retirement readiness through expanded use of auto-features that go beyond enrollment. 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.
Empower Continues 2020 Acquisitions With Fifth Third Deal

The Fifth Third retirement plan business comprises more than 475 workplace savings plans populated by approximately 100,000 participants with $6.21 billion in assets.

A New World and New Opportunities for Alpha
Pandemic-driven volatility has once again highlighted the relative virtues of active and passive management.
Home Depot ERISA Lawsuit Clears Dismissal Motions

While a court has ruled the plan’s advisers should be carved out of the litigation, the counts against Home Depot fiduciaries will proceed.

Excessive Fee Lawsuit Filed Against Duke Energy

The drumbeat of Employee Retirement Income Security Act (ERISA) excessive fee lawsuits rolls on.

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