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Compliance |
ERISA Lawsuit Targeting AT&T and Multiple Providers Dismissed |
The United States District Court for the Central District of California has ruled in favor of AT&T’s motion to dismiss an Employee Retirement Income Security Act (ERISA) challenge that also included allegations of wrongdoing against Fidelity and Financial Engines. The court’s decision is based on questions of timeliness and a lack of standing, rather than on the facts of the relevant compensatory arrangements in place between the defendants.Read more > |
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From the Magazine |
Plan Sponsor Profile: Retirement With Dignity |
Luz Liebeskind, chief financial officer (CFO) and assistant treasurer at not-for-profit Hebrew Home at Riverdale, discusses changes the organization made to its defined contribution (DC) plan after freezing its two defined benefit (DC) pension plans. (This magazine article is part of our exclusive content and requires a free registration to read.)Read more > |
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Sponsored message from MetLife |
MetLife’s Roberta Rafaloff discusses how plan design can lead to more successful retirement outcomes. Read more > |
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Investing |
Passive Investing and Smart Beta Stole the Show in 2017 |
During 2017, assets under management (AUM) grew at their strongest rate in a decade, something the Boston Consulting Group (BCG) describes as “especially remarkable,” given the previous year’s “plodding performance,” in a new report. According to BCG, among asset management products, passives were far and away the fastest growing category in 2017, with a record 25% increase in AUM over an already sizable base. Read more > |
TDFs Get Millennials on the Right Track |
Most Millennials, those between the ages of 22 and 37, are appropriately invested with, on average, 90% of their portfolio invested in equities, according to new research by Vanguard. One-third of Millennials own target-date funds (TDFs), Vanguard found.Read more > |
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Small Talk |
ON THIS DATE: In 1850, in Worcester, Massachusetts, Harvard and Yale University freshmen met in the first intercollegiate billiards match. In 1850, gold was discovered in the Rogue River in Oregon. In 1854, Walter Hunt is awarded the first U.S. patent for a paper shirt collar. In 1866, Ulysses S. Grant was named General of the Army. He was the first American officer to hold the rank. In 1941, the U.S. government froze all Japanese and Chinese assets. In 1946, the U.S. detonated an atomic bomb at Bikini Atoll in the Pacific. It was the first underwater test of the device. In 1952, Puerto Rico became a self-governing commonwealth of the U.S. In 1961, Roger Maris hits home runs 37, 38, 39 and 40 in a doubleheader. In 1975, David Bowie released “Fame.” In 1998, the USS Harry S. Truman was commissioned and put into service by the U.S. Navy. In 2010, WikiLeaks leaked to the public more than 90,000 internal reports involving the U.S.-led War in Afghanistan from 2004 to 2010. WEDNESDAY WISDOM: “Nothing is so fatiguing as the eternal hanging on of an uncompleted task.” -William James |
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