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February 16th, 2018

Note From the Editor

Due to Presidents’ Day being a holiday for us, (b)lines will be back in you inbox next Friday. Have a great weekend!

Plaintiffs Win Class Certification in NYU 403(b) Lawsuit

A district court found plaintiffs met the requirements of ERISA Rule 23(a) and the class is maintainable under at least one of the subdivisions of ERISA Rule 23(b).Read more >

Can DB Plans Offer a Better TDF Selection and Monitoring Framework?

The Employee Retirement Income Security Act (ERISA) requires plan sponsors to regularly monitor investment lineups to ensure they remain prudent—a task made more complicated by the multi-layered construction of target-date funds; a new paper points to the best practices of defined benefit plans for some guidance.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

Battling Common Retirement Plan Website Errors

A how-to on dealing with and preventing usual errors found on retirement plan websites for participants.Read more >

Participation in Retirement Plans Increases Focus on Financial Future

Workers who are participating or have participated in an employer-sponsored retirement plan are more likely to have calculated retirement income needs and to have used more sophisticated tools for doing so, Pew finds.Read more >

Review of Vanguard and Fidelity Fee Adjustment Highlights Industry Competition

Retirement plan investment product and recordkeeping providers are careful to present a friendly face in their marketing and even in their public interactions with each other—but that doesn’t mean they don’t compete fiercely behind the scenes.Read more >

Case Study Warns of Effect of Move From Public DB to Public DC

The NIRS studied the case of Palm Beach, Florida, which it says offers “an important cautionary tale on the detrimental impacts of switching public employees from DB pensions to DC accounts.”Read more >

Medicare and Social Security Guides Updated by Manning & Napier

Manning & Napier created a set of reference guides to break down exactly what individuals need to know about the new tax law, Social Security, Medicare and long-term care going into 2018.Read more >

Sterling Capital Adds R6 Share Class to Select Mutual Funds

Sterling Capital Management LLC announced that its Capital Funds have added the R6 share class for seven of its mutual funds, which offers eligible clients a share class without shareholder servicing fees or sales charges.Read more >

Break From the Grind: Office Romances Cooling Off

Office romance is at a 10-year low, with 36% of workers reporting dating a co-worker, down from 41% last year and 40% in 2008, according to CareerBuilder’s Annual Valentine’s Day survey. Thirty-seven percent of men say they have dated a coworker, compared to 35% of women. Nearly one-third (31%) of workers who dated at work ended up getting married; however, it’s not always this way.Read more >

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

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