PLANSPONSOR Weekend Newsdash
Week ending July 1st, 2016
Happy Friday, and Happy 4th of July PLANPSONSOR readers! Retirement income was a hot topic in the news this week, as a fellow of the Society of Actuaries suggested a simple spend down rule and an analysis found wild swings in retirement income calculators. The Brexit vote last week hit the markets hard, but they have almost recovered. A new provider acquisition was announced. And, some interesting news came out of Washington and the courts, as the lawsuit that suggested retirement plan excessive fee suits were moving down market has been voluntarily dismissed by plaintiffs, an excessive fee suit was settled, the Supreme Court let stand a decision on State Street’s handling of GM stock, and the IRS officially ended its determination letter program. Enjoy this  edition of PLANSPONSOR Weekend!
Editor's choice
Deals and People
Ameritas to Acquire Guardian 401(k) Business
At the close of the transaction, the retirement plans division of Ameritas will have assets under administration in excess of $10 billion.Read more >
Compliance
IRS Officially Ends Determination Letter Program
There are only three cases for which a retirement plan sponsor with an individually designed plan may request a determination letter.Read more >
Compliance
Small Plan Excessive Fee Suit Voluntarily Dismissed
A lawsuit that suggested retirement plan excessive fee suits were moving down market has been voluntarily dismissed by plaintiffs.Read more >
Compliance
Aegon and Transamerica Settle ERISA Self-Dealing Suit
Under the terms of a proposed lawsuit settlement, Transamerica will have to make structural changes in the way it runs its own retirement savings plan, including changing how fees are calculated.Read more >
Compliance
Court’s Decision About State Street’s Handling of GM Stock Stands
The U.S. Supreme Court denied a petition for writ of certiorari that questioned its logic in the case of Fifth Third Bancorp v. Dudenhoeffer.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >
MOST POPULAR STORIES
2021 DC Plan Benchmarking Survey
Working Past Age 65 May Seem Like a Great Idea …

… but the prospects may vary, based on education, race and gender, says CRR.

2022 Retirement Industry Trends to Follow

As the retirement plan industry looks ahead to the coming year, financial wellness is increasingly seen as a critical solution to help workers and retirees meet their goals.

2021 Recordkeeping Survey
IRS Announces 2022 Retirement Plan Contribution and Benefit Limits

Most defined contribution plan participants can defer up to $20,500 to plans in 2022.

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

Advertising: advertise@strategic-i.com

Subscribe to NewsDash, click here.
To unsubscribe, click here.
BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund