PLANSPONSOR Weekend Newsdash
Week ending May 5th, 2017
Hello, PLANSPONSOR readers! This week the House voted in favor of President Donald Trump’s health care reform, but a survey finds, no matter what is in the reform, employers plan to keep many provisions to help employees. State- and city-run retirement plans for private-sector workers will lose their exemption from the Employee Retirement Income Security Act (ERISA) if the president signs bills approved by the House and Senate. An ERISA attorney weighs in on how information about judges decisions could help them build their cases for plan sponsors; retirement plans are not out of the woods yet on tax reform; and a reader asks why the Department of Labor’s fiduciary rule would apply to individual retirement accounts (IRAs) but not non-ERISA 403(b) plans. All this and more in this edition of PLANSPONSOR Weekend!
Editor's choice
Benefits
Employers Say They Will Keep Key ACA Provisions
New research from Willis Towers Watson suggests that employers expect to retain some of the Affordable Care Act’s (ACA)’s popular provisions, “even if they are not required to by a new law.”Read more >
Compliance
Senate Joins House In Opposing State-Plans for Private Sector
A resolution passed by the U.S. Senate is the latest step forward in the wider effort to roll back the regulatory safe harbors created by the Obama administration’s Department of Labor (DOL) to exempt from the Employee Retirement Income Security Act (ERISA) state- and city-run retirement plans created for private-sector workers.Read more >
Products
The More Information ERISA Litigators Have, the Better
An ERISA litigator weighs in on whether information from a new analytics tool would be helpful to attorneys and their plan sponsor clients.Read more >
Compliance
Retirement Plans Not Out of the Woods Yet on Tax Reform
Congress is still considering the idea of making defined contribution (DC) deferrals after-tax (Roth) instead of pre-tax.Read more >
Ask the Experts: (b)lines
Why the Fiduciary Rule Applies to IRAs but Not Non-ERISA 403(b)s
“Aren’t IRAs exempt from the Employee Retirement Income Security Act (ERISA), and thus any of ERISA’s fiduciary provisions? And what about the many 403(b) plans that are also not subject to ERISA? If the fiduciary does not apply to those plans, why would it apply to IRAs?”Read more >
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MOST POPULAR STORIES
2021 Target-Date Fund Survey
The DOL Has Begun Retirement Plan Cybersecurity Audits

Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge fiduciaries to act on the DOL’s recent guidance.

2020 Recordkeeping Survey
Differences Between Safe Harbor and Traditional DC Plans

The primary distinction is that sponsors can design safe harbor plans to avoid having to perform nondiscrimination and top-heavy testing.

Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the past.

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

Advertising: advertise@strategic-i.com

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