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November 12th, 2021 Information & Insights for the 403(b) Community 2021 Best Practices Conference: Managing Your Investment and Retirement Plan Committees Experts discussed whether plan sponsors should have one or two committees, who should be on the committee(s) and the best approaches for documenting meetings. Mercy Health Agrees to Settle Suit Filed on Behalf of Three Retirement Plans In addition to a $3.9 million payment, the fiduciaries will retain an independent consultant to review investments and fees. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” 2021 Best Practices Conference: Benchmarking Investments and Fees Plan sponsors should consider two necessary elements when benchmarking investments. Meanwhile, whether fees need to be benchmarked depends on how they are paid. Using Nudges to Improve Employee Decisionmaking Indirect, tactical ways to move employees to make the best retirement savings decisions can help overcome behavioral biases. Americans Focusing on Retirement Planning When Making Job Decisions One-third of employees surveyed by Principal said they are considering a job change or retirement, and among those seeking another job, retirement plan offerings are a top consideration. Voya Expands Suite of Target-Date Solutions Voya Financial has announced the launch of MyCompass American Funds, the latest addition to its suite of target-date fund (TDF) solutions for plan sponsors. Now available to all Voya retirement plan customers, MyCompass American Funds offers a collective investment trust (CIT) target-date series that includes management from Voya Investment Management, American Funds from Capital Group and Wilmington Trust Co. 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