Happy Friday NewsDash readers! Will retirement plan sponsors feel the effect of the U.S. Supreme Court vacancy? One ERISA attorney says it shouldn’t have a big effect, and indeed, the high court has made some important decisions since the death of Justice Antonin Scalia. In other news, the IRS has given retirement plan sponsors a sigh of relief about compliance questions on the new Form 5500 and has issued a warning to HR personnel about a new phishing scheme. Regular contributor Mike Barry discusses how the presidential candidates’ tax proposals could affect DC plans. Enjoy this edition of PLANSPONSOR Weekend!
The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date fund suit—allegations rejected both in district court and on appeal.