PLANSPONSOR Weekend Newsdash
Week ending August 26th, 2016
This week’s recommended reading offers a catch-up of some of the latest compliance stories. As the summer nears a close, it is time for everyone to catch up on what they may have missed as they start fall planning and plan benchmarking. This week, the Department of Labor (DOL) released proposed and final rules; and some new guidance and court cases or issues that may have seemed closed, gained new life. Enjoy this week’s PLANSPONSOR Weekend!
Editor's choice
DOL Releases Final Rule on State-Run IRAs
The DOL also released a proposal to help a limited number of cities and local governments automatically enroll employees into individual retirement accounts (IRAs). Read more >
IRS Revenue Procedure Eases Rollover Deadline Enforcement
In the presence of “a variety of mitigating circumstances,” taxpayers can now qualify for a waiver of the 60-day time limit generally placed on tax-free plan-to-plan or individual retirement account rollovers. Read more >
Fidelity Faces Float Income Suit from HP, United Employees
Participants filed the proposed class action lawsuit despite the fact that the firm has already been successful in defending practices related to ownership of float income. Read more >
SunTrust Stock-Drop Complaint Moves Forward Post-Dudenhoeffer
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme Court’s landmark 2014 decision in Fifth-Third Bancorp vs. DudenhoefferRead more >
Self-Dealing Suit Questions Investment Lineup Prudence
A new self-dealing ERISA suit accuses Edward Jones of favoring its mutual fund partners in the construction of its 401(k) plan investment menu.Read more >
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2021 Recordkeeping Survey
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs

A TIAA survey also found employees are more concerned about day-to-day finances than saving for retirement.

Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Sponsors can craft retirement plan document language to manage their exposure to claims for benefits and other Employee Retirement Income Security Act claims.
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”

Some may describe the arrival of the coronavirus as a “watershed moment.”

Editorial: Alison Cooke Mintzer


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