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 >
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 >
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 >
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 >
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 >
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2020 Recordkeeping Survey
How to Effectively Measure Retirement Plan Success
It’s important for plan sponsors to define plan goals and what they are going to measure, and the defined metrics should be things they can influence.
The NQDC Market

Data on number of plans, participants and liabilities by nonqualified plan type, and a listing of the largest providers of section 409A plans and section 457 plans.

CARES Act Considerations: CRDs, RMDs, Taxes and More

Between retirement reforms first created by the SECURE Act and then updated by the CARES Act, there is a lot of confusion about required minimum distribution deadlines and the tax treatment of coronavirus-related hardship withdrawals.

2020 Best in Class DC Providers

Editorial: Alison Cooke Mintzer


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