More Diverse ERISA Litigation Expected in 2019Reflecting on lessons learned this year, Jamie Fleckner, partner at Goodwin Procter, says cases still are growing more diverse in their claims and outcomes relative to earlier waves of retirement plan litigation.Read more > |
403(b) Core Menus Offer Variety of InvestmentsThe average large 403(b) plan subject to the Employee Retirement Income Security Act (ERISA) offered 27 core investment options in 2015, according to a new report from the Investment Company Institute (ICI) and BrightScope. “The “Brightscope/ICI Defined Contribution Plan Profile: A Close Look at ERISA 403(b) Plans, 2015” also identified that total ERISA 403(b) plan costs in 2015 averaged 71 basis points, down from 82 basis points in 2009. Fifty-four percent of plan assets were invested in mutual funds, 34% in variable annuities and 22% in fixed annuities.Read more > |
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Requiring Participants to Take Loans Prior to Hardships“I understand that under the new proposed hardship regulations a participant will no longer be required to take all available loans from the retirement plans that we sponsor. However, if we want to retain the requirement that a participant take such loans prior to being eligible for a hardship distribution, can we?”Read more > |
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