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
2019 DC Best in Class Providers
From PLANSPONSOR’s annual Defined Contribution Survey, DC plan providers are evaluated and rated according to feedback from their own clients.
2019 DC Survey Standouts
Through PLANSPONSOR’s annual DC Survey, 14 providers received the highest marks when plan sponsors answered questions related to provider satisfaction.
IRS Announces 2020 Contribution and Benefit Limits

The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.

Consider the More Conservative Investments Pre-Retirees Should Hold

With potentially lower future returns and low interest rates, plan sponsors should reexamine plan investments to help participants with retirement income.

Friday Files - January 24, 2020

A little Friday fun!

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

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