PLANSPONSOR Weekend Newsdash
Week ending January 29th, 2016
It’s been a busy week here at PLANSPONSOR as we’ve announced finalists for our 2016 Plan Sponsor of the Year awards. It’s also been a busy week for the Department of Labor, which announced retirement initiatives to be included in the President’s 2017 budget and has sent its fiduciary rule language to the Office of Management and Budget for review. You can read about all of this as well as other top retirement industry news in this week’s edition of PLANSPONSOR Weekend.
Editor's choice
2016 Plan Sponsor of the Year Finalists
Plan Sponsor of the Year finalists have been announced in nine categories, including six segments of Corporate 401(k) Plans; 403(b) and Public DB; and Total Retirement Offering.Read more >
OMB Now Reviewing Fiduciary Rule Language
The Department of Labor has advanced its conflict of interest regulations to the Office of Management and Budget for final review.Read more >
Portability Is Key in President’s Retirement Initiatives
Department of Labor (DOL) Secretary Tom Perez introduced a number of retirement proposals that are going to be included in President Obama’s 2017 budget.Read more >
Oracle Is Latest DC Plan Sponsor Targeted in Fee Suit
A new lawsuit filed against Oracle Corporation for alleged mismanagement of the company’s 401(k) plan clearly echoes many of the complaints filed in the past several years.Read more >
Data and Research
Participants Show Troubling QDIA Behavior Trends
Target-date funds and other qualified default investment alternatives (QDIAs) are often thought of as set-it and forget-it investments, but new data from J.P. Morgan Asset Management highlights some troubling behaviors among participants invested in their plan’s default.Read more >
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EARN Act Clears Senate Finance Committee

For the second time in a little more than a week, a key Senate committee has advanced an important piece of retirement plan reform legislation for a vote by the full chamber.

Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.

2021 Recordkeeping Survey
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Some states are in more than one time zone.
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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