Benchmark Your 401k Plan - 2015
|
Newsletter Sponsor 401k Averages Book 14th Edition -- Fee Benchmarking Book Want to become a "subject matter expert" on 401k fees? Use the 401k Averages Book to better understand investment, recordkeeping, revenue sharing expenses for all size 401k plans. The Averages Book is the leading source available for non-biased, comparative 401k fee information. It is designed to provide professionals with essential fee information to help their clients determine if their plan costs are above or below average. Click here for more information.
In This Issue
General Items
Benchmark Your 401k Plan - 2015 Summary: Many plan sponsors want to know how their 401k plan stacks up to the typical or average plan. This is often the first question asked when attempting to determine whether an effort should be made to upgrade the features and benefits of the plan. To help you answer this question, we have identified some of the common performance characteristics and features offered by many 401k plans and compiled the statistics that will allow you to benchmark your plan.
Source: 401khelpcenter.com
2015 New Year's Resolutions for Plan Sponsors Summary: Plan sponsors who intend to make New Year's resolutions need to be careful, their broken promises can get themselves in a whole lot of hot water and financial liability. This article is about what New Year's resolutions plan sponsors should make and keep in helping them minimize their fiduciary liability.
Source: Jdsupra.com
Five Critical Findings About Saving for Retirement Summary: A recently released retirement survey from Vanguard details in depth who is and isn't saving within America. Article provides an overview of the five most critical findings about saving for retirement to come out of Vanguard's report.
Source: Fool.com
Six Trends That Will Define Retirees Summary: This is not your father's retirement. If you're retired or moving quickly in that direction, here are some trends that will shape the rest of your life.
Source: Bankrate.com
Top Five 401k Plan Trends for 2015 Summary: Benefit advisers and their employer clients hoping to help employees achieve retirement readiness should be paying attention to these top 401k plan trends for 2015, according to Robert Lawton of Lawton Retirement Plan Consultants.
Source: Benefitnews.com
Fiduciary and Plan Governance Material
2015's Top Ten List for Fiduciaries Summary: As part of their annual tradition in helping retirement plan fiduciaries get started down the right path in the new year, Bryan Cave lays out a top ten list for plan fiduciaries.
Source: Benefitsbryancave.com
Four Critical Steps in Selecting an Advisor Summary: Following best practices in selecting an advisor is not only prudent from a fiduciary perspective, but should help you choose an advisor with the right experience and expertise to meet your particular goals. Here are the four crucial steps to doing it right.
Source: Benefitspro.com
Deciding What Is Reasonable: Assessing Fees Using Value and Outcomes Summary: With greater transparency around fees, plan sponsors now have more information than ever before to evaluate the fees they are paying for plan services. However, many sponsors aren't quite sure how to use and apply the large amounts of information provided by the DOL's 408(b)(2) fee disclosure regulations. Paper lays out a four-step process, developed by fiduciary expert Donald Trone, to make reasonably informed and knowledgeable assessments about fees.
Source: Tiaa-cref.org
Items of Special Interest to Service Providers
Independent Advisers Expected to Gain Marketshare Summary: Research from Cerulli Associates predicts the combined asset marketshare of independent advisers will surpass that of wirehouse advisers by 2019.
Source: Planadviser.com
Staying Ahead of the Curve - Anticipating Changes in the Target-Date Fund Marketplace Summary: Authors believe that the two greatest trends in the target-date market in 2015 will be new entrants to the marketplace and further diversification within a product manufacturer's target-date suite.
Source: Moneymanagementintelligence.com
Court, Legal, Legislative and Washington DC
Tatum "Reverse Stock-Drop" Case Has Important Lessons for Employers and Fiduciaries Summary: Tatum v. RJR Pension Investment Committee addressed company stock sold after a corporate spin-off; plaintiffs claimed fiduciaries of the retirement plan breached their duty by selling plan-owned company stock too quickly, thereby causing the plan to miss out on windfall gains. In the article, the authors analyze the case and offer related pointers for employers and fiduciaries making investment decisions in general and those making such decisions in connection with a corporate spin-off.
Source: Mcguirewoods.com
Supreme Court to Hear 401k Case Feb. 24 Summary: The Supreme Court has scheduled oral arguments for Feb. 24 in Tibble vs. Edison International, the benchmark 401k fee case that could redefine the Employee Retirement Income Security Act's statute of limitations.
Source: Benefitspro.com
Compliance and Regulatory Related
2015 Determination Letter Procedures: IRB 2015-1 Summary: This revenue procedure sets forth the procedures of the IRS for issuing determination letters on the qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans. This revenue procedure is a general update of Rev. Proc. 2014-6, 2014-1 I.R.B 198, which contains the Service's general procedures for employee plans determination letter requests.
Source: Irs.gov
Retirement Plan Disbursement Rules Kicking in, IRS Reminds Summary: All disbursements from a retirement plan scheduled to be made at the same time are treated as a single distribution even if they are sent to multiple destinations. That new rule becomes mandatory as 2015 dawns, the IRS has reminded taxpayers in the Dec. 23 issue of its e-newsletter, Employee Plans News.
Source: Asppa.org
RadioShack 401k Draws DOL Probe Summary: RadioShack Corp., which has seen its shares collapse as it fights a losing battle with big-box electronics stores and online rivals, is being probed by the U.S. Labor Department over its handling of employees' retirement money.
Source: Benefitspro.com
This eNewsletter is a digest of information published by a variety of web-based sources on 401k and related issues and is published as a service to our users. 401khelpcenter.com, LLC is not the author of the material unless specifically noted. Articles are copyrighted to their publishers. If you believe that your work has been copied in a way that constitutes copyright infringement, please contact the source site immediately. All links were tested before this eNewsletter was e-mailed to you to ensure that they are still functional, but publishers do move or delete articles. Therefore, we can't guarantee that the links provided will remain operational. 401khelpcenter.com, LLC does not endorse and disclaims any and all responsibility or liability for the accuracy, content, completeness, legality, or reliability of the material. Reliance on this material should only be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. THIS NEWSLETTER IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT, TAX, ACCOUNTING OR LEGAL ADVICE. Copyright © 2015 by 401khelpcenter.com, LLC. All rights reserved. No reproductions without prior authorization, but you are free to email this copy (in its entirety) along to colleagues or clients. This newsletter may not be posted to any website. 401khelpcenter.com, LLC
|
