Mercer Identifies 10 Steps DC Plan Sponsors Should Take in 2015
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In This Issue
Fiduciary and Plan Governance Material
Mercer Identifies 10 Steps DC Plan Sponsors Should Take in 2015 Summary: In this piece, Mercer has defined ten steps that DC plan sponsors should take in 2015 to mitigate fiduciary risks and provide participants with access to solutions that meet their long-term retirement needs.
Source: 401khelpcenter.com
Four Tips for Plan Sponsors in 2015 Summary: If your company's 401k plan is on auto-pilot, it's time to take control. There are several timely things you should look into in order to improve the plan for the company and your employees in 2015. Here are four of the most important.
Source: Cfo.com
Too Hot to Handle? The Truth About Retirement Plan Audits Summary: With the recently enacted ERISA fee disclosure rule, the DOL has increased its vigilance on plan sponsors, resulting in increased numbers of DOL audits and enforcement actions for retirement plans of all sizes. This article presents a discussion of key trends, common questions, and red flags to help retirement plan fiduciaries better prepare for a DOL audit.
Source: Rolandcriss.com
Ten Tips for Retirement Plan Executives and Managers Summary: This article examines ten proven actions that all executives can follow to significantly and quickly improve their organizations' ERISA-related risk management programs.
Source: Rolandcriss.com
403(b) Plans
PSCA Releases Research on 403(b) Plans Summary: Most not-for-profit organizations believe they have a responsibility to encourage their employees to save for retirement, but only 10.6 percent of those organizations are able to measure potential participant outcomes as part of their retirement plans, according to a new survey of 403(b) plan sponsors from the Plan Sponsor Council of America.
Source: 401khelpcenter.com
Seven Questions to Ask Non-Profit Plan Sponsors Summary: "Whether it's seven administrative sins, seven deadly sins, or the seven words you can't say on television, there doesn't seem to be a lot of lists showing seven positive things. I will therefore take it upon myself to list seven positive questions that should be asked of non-profit retirement plan sponsors," writes Aaron Friedman, National Practice Leader - Tax-Exempt, at the Principal Financial Group.
Source: Principal.com
Using the Saver's Tax Credit to Increase 403(b) Plan Participation Summary: The saver's credit is one way to providing meaningful opportunity for employees to participate in a 403(b) plan. Ellie Lowder discusses how the saver's tax credit works and provides a crib sheet of sorts from the IRS.
Source: Ntsa-net.org
Insight: Studies, Research and White Papers
401k Plan Asset Allocation, Account Balances, and Loan Activity in 2013 Summary: This comprehensive 56 page report is an update of EBRI and ICI's ongoing research into 401k plan participants' activity through year-end 2013.The report is divided into four sections: the first describes the EBRI/ICI 401k database; the second presents a snapshot of participant account balances at year-end 2013; the third looks at participants' asset allocations, including analysis of 401k participants' use of target-date, or life-cycle, funds; and the fourth focuses on participants' 401k loan activity.
Source: Ebri.org
Top 30 401k Plans of 2014, BrightScope Summary: BrightScope announced their sixth year-end ranking of the top 30 401k plans to recognize companies with the best 401k plans containing more than $1 billion in assets.
Source: 401khelpcenter.com
Items of Special Interest to Service Providers Summary: Fred Reish and Joan Neri co-authored this article discussing the duty of loyalty of a fiduciary adviser under ERISA. Specifically, the article explains that the legal duty of a fiduciary adviser runs directly to the participants and this duty overrides any duty the fiduciary adviser may have to the plan sponsor.
Source: Planadviser.com
DCIO Distribution Staffs to Grow in 2015, Survey Summary: Defined Contribution Investment-Only (DCIO) providers, those asset managers who offer investment products separately from recordkeeping services, will continue expanding their distribution staffs in 2015. A survey of DCIO organizations found that 79% of them plan to increase staffing further in at least one distribution-related role, according to new research from Ignites Retirement Research.
Source: 401khelpcenter.com
Cerulli Numbers Buttress the RIAs-Supplant-Brokers Theorem Summary: The market share of the RIA channel will grow 40% over the next four years and wirehouses will lose 5% of their towering market share, according to a new report from Cerulli Associates of Boston. But not all experts agree.
Source: Riabiz.com
Target-Date Funds
Understanding the DOL's Suggested Process for Evaluating Target-Date Funds Summary: In this 3:14 minute video, J.P. Morgan's Client Portfolio Manager, Lynn Avitabile, discusses the U.S. Department of Labor's tips for evaluating target-date funds.
Source: Youtube.com
Compliance and Regulatory Related
Information Copies of 2014 Forms 5500 and Schedules Available Summary: The DOL and IRS have jointly announced the release of the 2014 Form 5500, Annual Return/Report of Employee Benefit Plan, Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan, and related filing schedules.
Source: Ascensus.com
DOL 2014 Fall Regulatory Agenda Summary: The Department of Labor has released the 2014 Fall Regulatory Agenda. The updated agenda provides the anticipated publication dates for the next steps in the regulatory process for nearly a dozen ERISA items. This bulletin discusses the agenda for the retirement plan projects that we believe are most important to plan sponsors and service providers.
Source: Drinkerbiddle.com
Marketplace News PSA Bolsters Retirement Practice With Staff Additions QBI Introduces ERISA 3(16) Fiduciary Program Pentegra Hires Texas Regional Director CLS Investments Upgrades (k)Star Platform TSA Consulting Names New Director of Corporate Communications Pensionmark Retirement Group Expands Into Minnesota
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