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June 11th, 2021 Information & Insights for the 403(b) Community Jumbo 403(b) Plan Hit With Excessive Fee Suit Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and mismanaging revenue sharing to pay for administrative expenses. Join Us for ‘Building an Effective Financial Wellness Program’ Join PLANSPONSOR, industry sources and a plan sponsor for a webinar in which you will learn the different components that contribute to an employee’s financial wellness; how to determine the specific financial wellness needs of your workforce; and elements to include in a financial wellness program that will improve situations for your employees. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” Court Split on Motion to Dismiss Claims in Excessive Fee Suit In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for breach of duty of prudence but tossed claims for breach of duty of loyalty. IRS Reminds Plan Sponsors of Plan Qualification Requirements The IRS updates its Operational Compliance List periodically to reflect new legislation and IRS guidance, and it reflects that many provisions of the SECURE Act are in effect. Essential Considerations for DC Plan Investment Lineups The purpose of a retirement plan and the demographics of its participants will help plan sponsors decide what types of investments they need to use to take participants from accumulation to decumulation. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850