PSNC 2019: A National Plan Sponsor Town Hall
Plan sponsors from across the U.S. shared their biggest challenges and successes during the opening session of the 2019 PLANSPONSOR National Conference in Washington, D.C.
Latest News
PSNC 2019: Washington Update
Attorneys discuss provisions of the widely supported SECURE Act, plus hot topics in regulation.
IBM Stock Drop Case Makes Its Way to Supreme Court
A district court determined the plaintiffs did not plausibly plead a violation of ERISA’s duty of prudence, because a prudent fiduciary could have concluded that earlier corrective disclosure...
Benefits |
Employer Interest in Student Loan Repayment Programs Picking Up
It’s important to first gauge employees’ interest in such programs, and to assess the costs, a Willis Towers Watson expert says.
SEC Approves Final Regulation Best Interest, Form CRS
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement accounts (IRAs).
Products |
Fidelity Takes on Vanguard With Fee Reductions
Fidelity investments is announcing a 14% price reduction on its target-date funds (TDFs), resulting in most of those funds having lower expense ratios than comparable Vanguard index target-date...
DOL Asked to Make Electronic Delivery of Retirement Plan Disclosures the Default
Eight organizations associated with defined contribution (DC) plans submitted a letter to the Employee Benefits Security Administration of the Department of Labor (DOL) asking it to propose regulations...
Automation Helps Asset Managers’ DC Plans Outperform
While retirement plans offered to the employees of asset managers have benefited strongly from auto-enrollment, investment providers have not fully embraced other important best practices.
Products |
Clear Disclosure Partners Offers Cybersecurity Program for Retirement Plans
Among other things, the Cybersecurity Risk Management Program, in consultation with the plan sponsor and fiduciaries, includes the development of a prudent process for cybersecurity management including policies...
Products |
Ubiquity Offers Financial Wellness Tool Catered to Small Businesses
CensiblyYours designates a 3(38) investment adviser to assist plan sponsors and offers participants access to the financial education platform Edukate.
Products |
DIETRICH Introduces DC Plan Annuity Practice
The firm is anticipating passage of the SECURE Act, which offers an annuity selection safe harbor for defined contribution (DC) plan sponsors.
Aging Global Population Requires a Retirement Rethink
As developed countries around the world, including the U.S., see the average age of their population increase, employers must prepare for an imbalanced workforce.
EEOC Sues Dental Practice for Age Bias
The agency has been cracking down on age bias, as age discrimination can thwart employees’ plans to work longer and could affect retirement plan drawdown strategies.
Alternative Assets Can Help With Derisking DB Plans
A Cerulli Associates report explains how different alternative investments can help a derisking defined benefit (DB) plan with liability hedging as well as risk-seeking.
Archdiocese of San Juan Asks Supreme Court to Weigh In on Pension Plan Judgement
The Archdiocese says since it was ordered to pay $4.7 million to teachers whose pension plan was terminated, officials have seized assets from all Catholic entities in Puerto...
Consolidating Competition Keeps Recordkeepers on Their Toes
Fidelity’s head of workplace investing expects the recordkeeping business will grow ever more competitive over time, leading to additional consolidation and, he says, more unified services for plan...
Perceptions of Retirement Preparedness Vary With Age and Time
A study from the Federal Reserve finds people at different ages have a savings threshold for feeling they are on track for an adequate retirement, and for those...
Transamerica Brings In Directors of Client Engagement and Retirement Strategy
Chris Messina will focus on working with client executives to create best strategies and practices for Transamerica’s plan sponsor clients, and Wendy Daniels will focus on executing the...
Employees Need to Plan for Greater Health Costs in Retirement
The Employee Benefit Research Institute (EBRI) says that due to the financial condition of the Medicare program and cutbacks to employment-based retiree health programs, in the future, individuals...
Jump in Hardship Withdrawals Tied to Bipartisan Budget Act
The law changed the rules for 401(k) loans and hardship withdrawals, making it easier to draw money directly as a hardship without first getting involved in the loan...