PLANSPONSOR Weekend Newsdash
Week ending April 28th, 2017
Happy weekend, PLANSPONSOR readers! We finally have a new Labor Department Secretary, which may provide some clarity about the fiduciary rule implementation. In other news, the Internal Revenue Service (IRS) has clarified a piece of calculations for additional loan amounts to participants, and an analysis shows that using proposed IRS mortality table assumptions could cost defined benefit (DB) plan sponsors more. Plan sponsors are showing concerns about using while labeled funds in their investment lineups, and a study found Millennials are the most cost-conscious health plan participants. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
Labor Secretary Confirmation Could Bring Fiduciary Clarity
The U.S. Senate has quietly approved President Trump’s Secretary of Labor nominee, Alexander Acosta. Acosta, working with whomever is named to fill the role of head of the Employee Benefits Security Administration (EBSA), will oversee the implementation of the Department of Labor (DOL) fiduciary rule reforms championed by the Obama White House. Numerous attorneys, executives and analysts have told PLANSPONSOR they have been very eager to get to this point; without a Labor Secretary in place there has been a lack of clarity from within the DOL as to what the future of the rulemaking might be. Read more >
Compliance
IRS Clarifies Computation of Plan Loans Available to Participants
A memorandum suggests there are two ways an employer can determine the highest outstanding loan balance in the past year when calculating the amount of an additional loan a participant can take from her defined contribution (DC) plan. Read more >
Administration
Proposed Mortality Assumptions Will Increase DB Plan Costs
The Society of Actuaries estimates an increase in funding target liabilities, Pension Benefit Guaranty Corporation (PBGC) premiums and minimum required contributions. Read more >
Investing
Plan Sponsors Show Concerns About Using White Labeled Funds
Plan sponsors participating in a recent PLANSPONSOR forum especially expressed concerns about transparency issues. Read more >
Benefits
Millennials Most Cost-Conscious Health Plan Participants
For example, Millennials are more likely than the other generational cohorts to say they tried to find the cost of health care services before getting care. Read more >
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MOST POPULAR STORIES
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.
2019 PLANSPONSOR National Conference

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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