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June 23, 2017
In This Issue
Washington University in St. Louis Faces 403(b) Plan Lawsuit
Targeted Communication Key to Boosting Deferral Rates
Analysis Finds DC Plan Health Improving
Suit Challenging Voya’s Relationship With Financial Engines Dismissed
Employers Disagree With Potential Pre-Tax Contribution Decrease
Transparency A Growing Concern for Alternative Investing
Pre-retirees Unsure About Executing Retirement Income Strategies
Pension Cuts Have Public Employees Worried
Washington University in St. Louis Faces 403(b) Plan Lawsuit:
The lawsuit claims plan participants paid excessive investment and recordkeeping fees and alleges the plan’s loan program violated ERISA prohibited transaction rules. Read more »
Targeted Communication Key to Boosting Deferral Rates:
More than half of participants who were not contributing to their retirement plans enrolled at an average deferral rate of 8% after using a targeted retirement outlook tool, Ascensus finds. Read more »
Analysis Finds DC Plan Health Improving:
By using some best practices, plan sponsors have moved the needle toward more plan participants taking action to reach an 80% income replacement goal, Wells Fargo data shows. Read more »
Suit Challenging Voya’s Relationship With Financial Engines Dismissed:
A federal judge has dismissed a lawsuit claiming Voya Financial and Voya Retirement Advisors (VRA) engaged in prohibited transactions in violation of the Employee Retirement Income Security Act (ERISA) through a service arrangement with Financial Engines. Voya Retirement Advisors was found not to be an ERISA fiduciary with respect to its compensation in an agreement with Nestle’s 401(k) plan. Read more »
Employers Disagree With Potential Pre-Tax Contribution Decrease:
A new survey from the Plan Sponsor Council of America (PSCA) highlights the large percentage of plan sponsors not in favor of potential modifications regarding tax treatment of retirement savings plans. The report provides insight from 443 plan sponsors, surveyed in May 2017, to help retirement plan professionals understand how reducing or even eradicating pre-tax contributions in qualified retirement plans under 401(k) and 403(b) tax plans would impact employers and employees. Read more »
Transparency A Growing Concern for Alternative Investing:
Since the financial crisis of 2008, transparency has grown in importance among asset managers dealing with alternative investments, but there is a lack of consensus about how to grasp it. Read more »
Pre-retirees Unsure About Executing Retirement Income Strategies:
Unlike their younger counterparts, individuals nearing or in retirement don’t have the luxury of long time horizons in which to grow their nest eggs. They are at a point where developing a strategy to sustain their assets and draw retirement income is critical. However, many lack the knowledge to do so effectively, a study finds. Read more »
Pension Cuts Have Public Employees Worried:
While it might be assumed that public employees, such as teachers, police and firefighters, are well covered by their pensions, they worry about their life in retirement, according to a survey by Prudential Retirement. Only 17% are very confident that they will have enough money to last them in the future. Read more »

EDITORIAL Rebecca Moore | rebecca.moore@strategic-i.com

ADVERTISING Paul Zampitella | paul.zampitella@strategic-i.com

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