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August 17th, 2018

Plaintiff in NYU 403(b) Plans Lawsuit Asks for Committee Members to Be Removed

In a decision granting victory to New York University, a federal judge noted “deficiencies in the Committee’s processes—including that several members displayed a concerning lack of knowledge relevant to the Committee’s mandate.” She has now been asked to amend the decision to remove committee members.Read more >

Groups Question Efficiency of Offering Annuities in DC Plans

Comments to the ERISA Advisory Council mention lack of utilization among plan participants and other ways DC plan participants can create sustainable retirement income.Read more >
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts

Participants Report Diverse Communication Preferences

Results of a participant survey conducted by CUNA Mutual show a close tie between in-person training, short topical online videos, and self-guided learning modules as the preferred way to receive education about retirement plans.Read more >

Do You Have What It Takes to Obtain Fiduciary Insurance?

When assessing whether or not to take on a sponsor as a client, the insurers “have really sharpened their pencils,” says Nancy Ross, a partner and head of the Employee Retirement Income Security Act (ERISA) Litigation Practice at Mayer Brown.Read more >

School District Accused of Age Bias in Salary to Avoid Pension Contribution

A provision in a union contract limits the salary increases of teachers who are within ten years of retirement eligibility to no more than 6% above their previous year’s salary, which prevents the school district from having to make contributions to the Teacher’s Retirement System.Read more >

Leveling the Playing Field for Participant Fees

Making participant plan fees more equitable.Read more >

Retirement Plan Sponsors Could Do More to Improve Employee Retirement Outcomes

TIAA supports offering lifetime income options and makes other plan administrative and design suggestions to alleviate plan sponsors’ concerns about their employees’ retirement outlook.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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