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Week ending April 14th, 2017 |
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Happy Friday, PLANSPONSOR readers! While we once considered whether health savings accounts (HSAs) would follow the movement of 401(k)s, an analysis shows this isn’t happening so far. Other studies report that retirement plan participants who take lump-sums often spend them too fast, and more folks are planning to rely on Social Security as a primary source of income in retirement. On the legal front, Schwab attorneys have asked a court to compel arbitration of self-dealing claims, and Fujitsu has failed to get its excessive fee suit dismissed. Enjoy this edition of PLANSPONSOR Weekend. |
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| SECURE Act Passes House, Bringing Calls for Senate Collaboration | Reflecting on the much-anticipated House vote, Kevin Walsh, principal with Groom Law Group, said today is an important day for the retirement industry, but it’s not the end of the story. | | | J.P. Morgan Agrees to Settle Stable Value Funds Suit | The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan invested its stable value funds in risky assets. | | | Individuals, Employers and Government All Play a Part in Retirement Readiness | A new research report and Catherine Collinson, with Transamerica Center for Retirement Studies, lay out steps all three can take to improve retirement confidence and readiness in America. | | | Participant Loans: A Fiduciary Storm Brewing? | | Bruce Ashton, with Drinker Biddle & Reath, discusses the fiduciary risk defined contribution (DC) plan sponsors could face when participants default on plan loans. | | | What to Know About Financial Audits Filed with Form 5500s | | Plan sponsors required to file a financial audit along with their Form 5500 should know how regulators use the information and how to pick the best auditor. | |
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