PLANSPONSOR Weekend Newsdash
Week ending June 23rd, 2017
Hello, PLANSPONSOR readers! To quote a colleague of mine: “Providers had a good week in the courts.” Fidelity, Putnam and Voya all had wins in court challenges against them. In other news, an analysis from Wells Fargo finds that, by using some best practices, plan sponsors have moved the needle toward more plan participants taking action to reach an 80% income replacement goal, and another study reveals pre-retirees could use some help in developing a retirement income strategy. Enjoy this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
Judge Dismisses ERISA Suit Against Fidelity Stable Value Decisions
A judge in the U.S. District Court for the District of Massachusetts this week dismissed an Employee Retirement Income Security Act (ERISA) lawsuit filed against Fidelity Management Trust Company over the management and monitoring of a stable value fund offered to 401(k) plans.Read more >
Compliance
Court Rules for Putnam in Excessive Fee Suit
A district court ultimately found that since plaintiffs did not establish a case in which a particular fiduciary breach caused a loss to the plan, their arguments fail.Read more >
Compliance
Suit Challenging Voya’s Relationship With Financial Engines Dismissed
Voya Retirement Advisors was found not to be an ERISA fiduciary with respect to its compensation in an agreement with Nestle’s 401(k) plan.Read more >
Administration
Analysis Finds DC Plan Health Improving
Wells Fargo shares best practices it finds employers are using to help participants reach their income replacement in retirement goal.Read more >
Data and Research
Pre-retirees Unsure About Executing Retirement Income Strategies
Unlike their younger counterparts, individuals nearing or in retirement don’t have the luxury of long time horizons in which to grow their nest eggs. They are at a point where developing a strategy to sustain their assets and draw retirement income is critical. However, many lack the knowledge to do so effectively, according to a survey by the American College of Financial Services.Read more >
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MOST POPULAR STORIES
2020 Best in Class 401(k) Plans
PLANSPONSOR is pleased to announce the sixth “class” of companies winning the Best in Class 401(k) Plan designation.
Extending Financial Wellness Into Retirement

How can employers ensure financial wellness programs create habits that carry into retirement and address employee concerns about the future?

Reasons Exist to Turn a Cold Shoulder to Company Stock in DC Plans
However, if plan sponsors choose to offer company stock, there are efforts they can take to mitigate a litigation or participant outcomes meltdown.
Friday Files - February 21, 2020

Now it's time for some FRIDAY FUN!

IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

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

Advertising: advertise@strategic-i.com

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