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Week ending June 3rd, 2016 |
In this week’s edition of PLANSPONSOR Weekend, we are making a final call for TPAs to participate in our first-ever TPA survey. In light of the increasing number of excessive fee suits, online contributor Michael Barry asks, what exactly is the standard for prudence when making investment decisions? Research shows, with many employees expecting to work past age 70, workers indicate they are willing to pay more for retirement benefits, and our own research shows the value defined contribution (DC) plans offer employees. Since the Supreme Court decision in , several courts have allowed for plan reformation as a relief for fiduciary breaches; now the Department of Labor has weighed in. Enjoy your weekend! |
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