Happy Friday PLANSPONSOR readers! The big news this week is that retirement plan excessive fee suits have moved from targeting 401(k)s to targeting 403(b) plans. In all, at least seven universities have been targeted with lawsuits this week. In addition, we have rolled out our special coverage of the Pension Protection Act’s 10-year anniversary with a dedicated microsite that will be updated with articles through the rest of the month. We also report about how to help participants prepare for retirement before their mental capacity begins to diminish, how to correct when deferrals were not stopped after a participant took a hardship withdrawal and how future market expectations suggest a need for defined contribution (DC) plan participants to save more and invest differently. Enjoy this edition of PLANSPONSOR Weekend!
A white paper suggests not only that DC plan participants increase their savings rate, but that investment options should be adjusted to address potential lower stock and bond returns in the coming years.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed by the law firm Schlichter Bogard & Denton.