Happy Friday, PLANSPONSOR readers! Witnesses for a House Subcommittee hearing told legislators what rules hinder retirement savings and what rules would help. Two university 403(b) plan excessive fees suits have moved forward—but one judge says offering a plethora of funds helps participants, while another says it could hurt participants. A study finds that women are actually better at saving and investing than they think, and a paper suggests retirees are not spending enough to live their retirement dream. All this and more in this edition of PLANSPONSOR Weekend!
The DOL fiduciary rule, the rollback of an ERISA safe harbor for state-run plans and the new health care law were mentioned by witnesses in a House Subcommittee hearing.Read more >
A paper suggests special care needs to be taken to educate age cohorts about their biases to avoid investment portfolios and financial plans that are too conservative.Read more >