PLANSPONSOR Weekend Newsdash
Week ending February 17th, 2017
Happy Friday, PLANSPONSOR readers! The week started out with the announcement of an acquisition of Aon Hewitt’s HR and Benefits administration business. Then we faced another development affecting the retirement plan industry—President Donald Trump’s Labor Secretary nominee dropped himself out of consideration. Trump seems to have reversed course with his newest nominee. In other news, just as one retirement plan provider agreed to settle a self-dealing suit over its retirement plan for employees, another provider was just charged with self-dealing. Finally, we get research from Willis Towers Watson about a new way of thinking about diversification in this new market environment. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
DOL Secretary Nominee Backs Down
The day before his Senate confirmation hearing was set to kick off, Department of Labor (DOL) Secretary nominee Andrew Puzder withdrew himself from consideration.Read more >
Compliance
Former NLRB Leader Could Fill DOL Secretary Role
Days after the surprise withdrawal of Andrew Puzder as President Trump’s Labor Secretary nominee, the White House is now confirming their new pick for the job, former member of the National Labor Relations Board R. Alexander Acosta.Read more >
Compliance
New York Life Agrees to Settle Self-Dealing Suit
The lawsuit accuses the insurance company of offering its proprietary fund in its retirement plans when lower-cost options were available.Read more >
Compliance
T. Rowe Price Latest Target of Self-Dealing Lawsuit
A lawsuit accuses T. Rowe Price and its affiliates of not only offering just proprietary funds in the company’s 401(k) plan, but only offering the highest-priced versions of those funds.Read more >
Investing
Market Environment Means a New Take on Diversification
The holdings in your portfolio should fluctuate for different reasons and in different environments, Willis Towers Watson says.Read more >
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MOST POPULAR STORIES
New Financial Audit Rule Increases Requirements for Plan Sponsors
Plan sponsors will be required to provide much more data, as well as certifications about plan administration and governance, and limited-scope audits will no longer be so limited.
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Participants Missing the Full Match Remains a Big Problem

A new survey shows there are several reasons employees decide not to contribute to their retirement plans.

2021 Recordkeeping Survey
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement

A judge found the interests of a subclass of terminated, vested participants were adequately protected in a newly proposed settlement.

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

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