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| 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.
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| 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.
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| 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.
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| Investing |
| Plan Sponsors Show Concerns About Using White Labeled Funds |
| Plan sponsors participating in a recent PLANSPONSOR forum especially expressed concerns about transparency issues.
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| 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.
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| Share the news with a friend! Pass PLANSPONSOR Weekend along—and tell your friends/associates they can sign up for their own copy.
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