PLANSPONSOR Weekend Newsdash
Week ending May 19th, 2017
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!
Editor's choice
Compliance
Regulations, Legislations Impede Retirement Savings of Americans
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 >
Compliance
Duke University 403(b) Plan Excessive Fee Suit Moves Forward
Claims moving forward regard excessive fees by using four recordkeepers and excessive fees by offering too many funds in the plan. Read more >
Participants
Women Better at Saving and Investing Than They Think
Fidelity Investments client data analysis shows on average, women performed better than men when it comes to investing by 40 basis points. Read more >
Data and Research
Fear Keeps Older Americans from Experiencing Dream Retirement
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 >
Products
Plan Health Not Just About Fees and Investments
Two providers have introduced retirement plan health measurement tools with different approaches. Read more >
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MOST POPULAR STORIES
House Committee Advances Bill to Establish Union Pension Lifeline Program

The legislation aims to establish a 30-year loan program and new financial assistance for financially troubled multiemployer pension plans.

The Senate Math That Could Block SECURE Act
Senate floor time is at a premium ahead of the 2020 presidential election—so much so that even legislation that passed the House with a near-unanimous bipartisan vote is not guaranteed to become law.
Open MEPs Not for Every Plan Sponsor
If legislation passes to allow for open multiple employer plans (MEPs) for plan sponsors without a common nexus, experts believe they will offer benefits to plan sponsors, but there would be some considerations to explore before joining one.
Adidas Sued Over Excessive Fees for 401(k) Participants

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.

Employers Encouraged to Offer Multi-Dimensional Wellness Programs

Among those that include physical, social, financial, community and mental health, employee productivity is higher.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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