PLANSPONSOR Weekend Newsdash
Week ending February 3rd, 2017
Happy Friday, PLANSPONSOR readers! Well, it’s happened; the Department of Labor (DOL) has been ordered by President Donald Trump to delay the implementation of its fiduciary rule. Industry experts have opined that the rollback of the DOL fiduciary rule will actually put more pressure, not less, on plan sponsors to ensure they are meeting their own required duties. And, there has been much speculation this week about what other Trump priorities will mean for the retirement industry and investing. In other news, we look behind the process of implementing state-run retirement plans for private-sector workers, and report that federal agencies have weighed in on their stance on challenges to plans’ church-plan status. Enjoy this edition of PLANSPONSOR Weekend.
Editor's choice
Compliance
Halt of Fiduciary Rule Means More Work for Plan Sponsors
Industry experts have opined that the rollback of the Department of Labor (DOL) fiduciary rule will actually put more pressure, not less, on plan sponsors to ensure they are meeting their own required duties. Read more >
Industry Voices
Barry’s Pickings Online: Welcome to Trump-World
Michael Barry, president of the Plan Advisory Services Group, discusses how certain Trump priorities will affect retirement plans. Read more >
Investing
Retirement Industry Prepares for Trump Policies
Experts weigh in on the lasting effects President Donald Trump’s cabinet—and the Republican-controlled Congress—could have on the retirement plan industry. Read more >
Benefits
Behind the Process of Implementing a State-Run Plan for Private-Sector
A number of states have approved initiatives for state-run plans for private sector employees. Once approved, what is the process to get these plans to implementation, and how long does it take? Read more >
Compliance
Agencies File Brief in Support of Church Plans
In a brief filed in the U.S. Supreme Court, several federal agencies argue that their longstanding interpretation of the definition of church plan reflects the natural reading of the statutory text, and their interpretation warrants deference. Read more >
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MOST POPULAR STORIES
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

(b)lines Ask the Experts – Proper Delivery Method for SPDs
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
Yale Sued Over Wellness Program ‘Penalty’

The lawsuit says the so-called “incentive” Yale offers for participating in the wellness program are in fact a “penalty” that violates non-participants’ right, and it notes that the Equal Employment Opportunity Commission (EEOC) withdrew the incentive portions of its wellness program rules.

Employees in Two States Miss Out on One HSA Benefit
Is this impacting health savings account (HSA) participation?
Some Help for Women’s Retirement Savings Gap May Be Coming

Some legislative proposals, such as the SECURE Act, may address challenges to retirement income adequacy women face, but there are also things retirement plan sponsors can do.

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

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

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