PLANSPONSOR Weekend Newsdash
Week ending October 4th, 2019

There has actually been relatively little helpful legal insight published by the courts, due to the fact that many Employee Retirement Income Security Act (ERISA) cases end with settlements, while others are dismissed early on for pleading deficiencies. Even though a ruling was issued in Schwab’s attempt to compel arbitration of a participant’s complaint, the decision left unanswered questions. Hopefully, guidance will come from the U.S. Supreme Court in the cases it is reviewing. Meanwhile, clear guidance has been issued from the IRS about new hardship withdrawal rules. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Industry Voices
Barry’s Pickings: 401(k) Fiduciary Litigation – Still Chaotic
Michael Barry, president of O3 Plan Advisory Services LLC, discusses how differing views by courts in various ERISA cases results in no clear guidance.Read more >
Compliance
Schwab Arbitration Ruling Leaves Unanswered Questions
The effect of the 9th Circuit decision on Employee Retirement Income Security Act (ERISA) lawsuits is uncertain, and arbitration is not the perfect option plan sponsors may think.Read more >
Compliance
Funded Status Not a Good Measure for Whether DB Plan Participants Can Sue
The U.S. Solicitor General and the Pension Rights Center have filed briefs with the Supreme Court for a fiduciary breach case the U.S. 8th Circuit Court of Appeals dismissed based on the fact that a DB plan had enough money left over to keep paying benefits.Read more >
Compliance
Supreme Court Asked to Review Case About Annuity Contracts in Retirement Plans
The question before the court is: May an ERISA plan participant or beneficiary seek disgorgement of unreasonable profits derived from a plan contract from a non-fiduciary party in interest?Read more >
Compliance
IRS Finalizes Hardship Withdrawal Rules
Michael A. Webb, with Cammack Retirement Group, says there are no substantive changes from the proposed regulations, but he points out certain items in the final regulations plan sponsors should note.Read more >
Compliance
What Safe Harbors Are Available to Retirement Plan Sponsors?
Safe harbor provisions protect employers from liability. That’s one good reason to understand them.Read more >
MOST POPULAR STORIES
DOL ESG Proposal Throws a Cloud Over Prior Guidance
The proposed regulation seems to create stricter limits for ESG investing in retirement plans, but experts say it is not all doom and gloom for plan sponsors and participants who want these investments.
Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs

Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive private label CITs.

COVID-19 Compliance Corner: IRS Expands CRD Eligibility and Clarifies Loan Rules

Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19 pandemic that affect retirement and health plan sponsors.

FRIDAY FUN Early Edition - July 2, 2020

An early edition of FRIDAY FUN because of the 4th of July holiday.

Another Risk for Retirement Savings: Divorce
Divorced women are especially vulnerable, but targeted messages not just focused on retirement can help.

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

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