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.
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 >
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 >
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 >
Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >