PLANSPONSOR Weekend Newsdash
Week ending October 7th, 2016
Happy Friday, PLANSPONSOR readers! This week, the Defined Contribution Institutional Investment Association (DCIIA) unveiled a lexicon for automatic plan design features that it hopes will aid in the adoption of those features. A newly filed lawsuit serves as a warning for plan fiduciaries with no investment expertise, and a question to our (b)lines Ask the Experts panel illustrates the differences of 403(b) plans from other plan types with respect to permissible investments. National Retirement Security Week is coming up, and the National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) is offering materials plan sponsors can use. A study suggests that receiving information about expected retirement income could lead savers to put away more for retirement. And, our regular contributor, Michael Barry gets real about the retirement savings “crisis.” All this and more in this edition of PLANSPONSOR Weekend.
Editor's choice
Compliance
Lawsuit a Warning That Small 401(k)s Should Hire Expertise
The lawsuit alleges fiduciary breaches for holding 401(k) plan assets mostly in one company stock and notes that the plan’s trustee had “no meaningful expertise” in portfolio management.Read more >
Ask the Experts: (b)lines
Can CITs Be Used in 403(b)s?
“I read your Ask the Experts regarding exchange-traded funds (ETFs) and 403(b) plans, but what about collective investment trusts? Are they permissible investments in 403(b) plans?”Read more >
Products
NAGDCA Offers Materials for National Retirement Security Week
The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has developed the “Your Whole Story” campaign for National Retirement Security Week, which is October 16 through October 22.Read more >
Data and Research
Information About Expected Retirement Income Could Increase Savings
Researchers found that letters provided to individuals in Germany about their expected pensions led them to increase their private retirement savings.Read more >
Industry Voices
Barry’s Pickings Online: No More Happy Talk
It’s time to face the reality that saving for retirement is tough, and policies need to address the fact that the cost of saving for retirement is higher and employees don’t have any additional money to save.Read more >
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MOST POPULAR STORIES
Another Schlichter Suit Targets Sponsor and Providers

Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan sponsor. Not so in the latest suit filed by the law firm Schlichter Bogard & Denton.

2020 Recordkeeping Survey
Participants Are Saving More With ‘TDF-Plus’ Strategies

A new study finds participants who blended funds were on track to replace more of their pre-retirement income than those who did not.

The NQDC Market

Data on number of plans, participants and liabilities by nonqualified plan type, and a listing of the largest providers of section 409A plans and section 457 plans.

2020 Best in Class DC Providers

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

Advertising: advertise@strategic-i.com

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