PLANADVISER Weekend Newsdash
Week ending April 3rd, 2020

Another week has passed as the United States and nations around the world grapple with the impact of the coronavirus pandemic. One big stimulus package has been passed by Congress, and debate has already started on follow up relief legislation. Moving forward, plan sponsors face tough choices about freeing up hardship withdrawals and expanding loan options for participants. Some may even choose to suspend contributions or take other drastic measures. As we tackle these challenges together, we hope you find some helpful information below, and encourage you to share some of what you read with a client or colleague.

Editor's choice
SEC Says Coronavirus Will Not Delay Reg BI, Form CRS
“The uncertainties caused by COVID-19 have not changed our perspective or commitment,” SEC Chairman Jay Clayton says. Read more >
Hard Choices Ahead About Easing Hardship Withdrawals
With the coronavirus pandemic causing acute financial harm to so many Americans, plan sponsors may feel compelled to offer hardship withdrawal relief in their plans; plan advisers can help them make the best decisions for their workforce by, for example, endorsing loans over outright withdrawals.  Read more >
Building Digital Connections in a Socially Distant World
Those few remaining advisers who have been reluctant to integrate digital communications as a core part of their client service strategies have little choice but to reconsider in this new world. Read more >
How to Run a Remote Advisory Firm
‘This is likely the moment we will become full-time remote and never go back,’ one adviser says. ‘The challenge will be maintaining camaraderie.’ Read more >
Staying Audit Ready in a Turbulent Time
As one might expect, what the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) are particularly interested in is how advisers are paid. Read more >
MOST POPULAR STORIES
Excessive Fee ERISA Complaint Targets Cook Group

The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.

Barnabas Health Latest to Settle ERISA Suit

A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than a year after a judge allowed the case to proceed past the defense’s motion to dismiss.

An Update on the SEC’s Private Fund Rule

While the proposed private fund transparency rules don’t address the work of financial advisers as directly as some other outstanding proposals, they have the potential to shake up a growing sector of the financial markets.

Kellogg Faces ERISA Managed Account Fee Complaint

The new complaint also suggests the company and its retirement plan fiduciaries permitted the payment of excessive recordkeeping fees.

Strategies for Reining In Health Care Costs in Early Retirement

Health savings accounts and direct primary care can help keep medical bills from spiraling out of control.

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