Week ending April 22nd, 2016

More focus on the Department of Labor’s final fiduciary rule this week. Experts share what it means for 403(b) plans as well the positives for plan sponsors and impact on non-ERISA plans. In addition, a survey reveals what retirement plan providers are planning to do now that the rule is out, and lawmakers introduced a resolution to stop the rule’s enactment. In other news, Ken Dychtwald, CEO of Age Wave held a call with reporters and brought up some very interesting points about aging and retirement that presidential candidates should be addressing, and a couple of studies suggest Millennials need a reality check about retirement expectations. Enjoy this week’s edition of PLANSPONSOR Weekend!

Editor's choice

Benefits

Presidential Candidates Not Addressing Aging and Retirement

“An ‘age wave’ is coming that could either make or break America,” says Ken Dychtwald, CEO of Age Wave, and he wonders why presidential candidates are not addressing it.Read more >

Compliance

SPARK Institute Poll Identifies Planned Fiduciary Rule Responses

Fourteen percent of retirement plan providers surveyed by SPARK Institute believe they will become an ERISA fiduciary for the first time under the new regulations.Read more >

Data and Research

Millennials' Retirement Expectations Don't Match Savings

Millennials are looking forward to retirement in new and refreshing ways, suggesting that retirement in the future could become something very different from what it is today.Read more >

Data and Research

Millennials Overly Hopeful About Retirement

There’s a disconnect between Millennials’ retirement optimism and the amount they have actually saved.Read more >

Compliance

Senators Fighting Fiduciary Rule

Three senators introduced a resolution to stop the DOL’s new fiduciary rule, which they say will make retirement planning unaffordable for low- to middle-income Americans.Read more >

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MOST POPULAR STORIES

How to Effectively Measure Retirement Plan Success

It’s important for plan sponsors to define plan goals and what they are going to measure, and the defined metrics should be things they can influence.

2020 Recordkeeping Survey

CARES Act Considerations: CRDs, RMDs, Taxes and More

Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot of confusion about required minimum distribution deadlines and the tax treatment of coronavirus-related hardship withdrawals.

The NQDC Market

Data on number of plans, participants and liabilities by nonqualified plan type, and a listing of the largest providers of section 409A plans and section 457 plans.

Settlement Reached in Insperity 401(k) Excessive Fee, Self-Dealing Suit

Among other things, the lawsuit accused Reliance Trust Co. of selecting funds for the plan that would benefit itself.

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

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