PLANSPONSOR Weekend Newsdash
Week ending June 30th, 2017
Hello, PLANSPONSOR readers! The big news this week is that our 2017 Recordkeeping Survey is published. We received news from the Department of Labor (DOL) as it just issued a request for information (RFI) about the fiduciary rule. The RFI offers insight into what changes the agency is thinking about. Also, during a hearing before lawmakers, Secretary of Labor R. Alexander Acosta gave some insight into agency initiatives. We also learned some things about small defined contribution (DC) plan sponsors: In one study, they offered reasons for not offering a retirement plan, and another study showed those that do are taking plan design lessons from bigger plans. We also gained insight into the Senate version of the health care bill and its potential effect on employers. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Compliance
DOL Issues RFI About Fiduciary Rule
The request for information asks whether provisions of the rule already in place should be delayed further.Read more >
Compliance
Labor Secretary Says SEC Will Work With DOL on Fiduciary Rule
In addition, Acosta said the DOL’s budget proposal funds an effort to improve Employee Retirement Income Security Act (ERISA) disclosures to retirement plan participants.Read more >
Data and Research
Smaller Companies Cite Reasons for Not Offering Retirement Plans
Only 53% of small- to mid-sized businesses, those with five to 250 employees, offer a retirement plan, The Pew Charitable Trusts found in a survey. Ninety-three percent believe their employees would prefer a higher salary or other benefits.Read more >
Administration
Small DC Plan Sponsors Taking Lessons From Larger Ones
Vanguard researchers highlight several positive trends, including the growing adoption of automatic enrollment, target-date funds (TDFs), employer contributions, Roth options, and loan flexibility.Read more >
Compliance
Washington University in St. Louis Faces Second 403(b) Lawsuit
The strongly worded complaint says the plan fiduciaries “utterly abdicated their fiduciary duties to act prudently and loyally” by turning the plan over to TIAA and Vanguard Group.Read more >
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MOST POPULAR STORIES
Getting SECURE Act’s Lifetime Income Provisions Right
Industry sources agree pains must be taken to ensure mandatory lifetime income projections to participants are accurate and contextual education is provided.
Getting Ready to Include Part-Time Employees in Retirement Plans
401(k) plan sponsors need to understand all the parts of the new requirement and, for some, the long-term effects on plan administration.
Roth is Not Just a Young Man’s Game

Erica K. Johnson, BOK Financial, discusses why Roth retirement plan contributions may be beneficial to a wider group of employees than previously thought.

Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to others.
Tips to Reduce Participant Count to Avoid Financial Audit Requirement

Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.

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

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