Inside the Minds of Plan Sponsors
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In This Issue
Insight: Studies, Research and White Papers Inside the Minds of Plan Sponsors Summary: What's in the future for DC plans? In this survey, over 1,000 DC plan sponsors told what they think about their companies' plans, their participants and the DC industry. Their thoughts are always interesting -- and sometimes surprising -- showing noteworthy perspectives and controversial dividing lines. Source: Abglobal.com 2015 Plan Sponsor Sentiment Survey Summary: This 40-page TD Ameritrade survey seeks to understand plan sponsor sentiment on the state of their existing retirement plans, their plan advisors, and the changing regulatory landscape. Source: Qq4cdn.com Inside the Minds of Plan Participants Summary: Survey queried over 1,000 workers to help understand their attitudes toward, and behaviors regarding, retirement savings. What is uncovered can help companies reach higher plan participation, engage participants more effectively and help them achieve greater retirement confidence and better outcomes. Source: Abglobal.com Summary: Stable value funds have played an important role in DC plans for many years. This is the third Stable Value Study that MetLife has commissioned to gain strategic insight into the current marketplace for this capital preservation investment option within DC plans. This is a 27-page document. Source: Metlife.com RIAs Big Favorite of Retirement Plan Sponsors Over Non-RIAs Summary: Ask retirement plan sponsors which advisors provide them with the best support, and they'll point to RIAs. A big reason they like RIAs is that they use the same "investor-first approach" as they do with other investors, TD Ameritrade survey finds. Source: Thinkadvisor.com
403(b) Plans Fiduciary Responsibilities in 403(b) Plans Summary: Of non-profit organizations that sponsor 403(b) retirement plans, only 60 percent are reviewing and evaluating the investment options in their plans, according a new survey from the Plan Sponsor Council of America that explores retirement plan trends among non-profit organizations. Source: Psca.org Recordkeeper Consolidation in Multi-Vendor 403(b) Plans Summary: Evaluating and selecting service providers is an ongoing fiduciary responsibility, and plan sponsors must make decisions using a process focused on the best interests of participants. This article sets out a framework to help plan sponsors evaluate multiple-recordkeeper plans through this lens. Source: Captrustadvisors.com
Fiduciary and Plan Governance Material Evaluating and Selecting a Plan Advisor Summary: In the white paper, attorney Roger Levy explores a plan sponsor's responsibility in selecting and benchmarking service providers including a plan advisor. Source: 401ktv.com Institutionalizing DC Plans Can Add Fiduciary Protection Summary: The institutionalization of defined contribution plans is gaining traction, and is yet another way plan sponsors can achieve their fiduciary responsibilities, experts say. Source: Plansponsor.com The Advent of the Chief Retirement Officer Summary: The costs and expenses associated with retaining an uninspired workforce go well beyond lost productivity and an inferior work product. Plan sponsors seeking to tackle these issues through effective oversight of their plan now have a new way of doing so by adding a Chief Retirement Officer. Source: Napa-net.org
Items of Special Interest to Service Providers These Trusts Can Shake Up Your Clients' 401k Summary: Collective investment trusts have been gaining in popularity as an alternative to mutual funds and other investment vehicles. These trusts are able to invest in almost-identical holdings as mutual funds, but for a fraction of the price. Is this too good to be true? Source: Nasdaq.com 401k Industry Howls as DOL Lets State Governments Become DC Providers Summary: The retirement industry is in a swivet at the prospect of states running their own individual retirement accounts with the blessing of -- and perhaps even with a leg-up from -- the Department of Labor. What do these changes portend for RIAs? Source: Riabiz.com Why Plan Sponsors Search for New Advisers Summary: The number one issue motivating an RFP was a reduction in proactive service or response rate. Clients stated their advisers no longer initiated new ideas and had to be reminded of what used to be regularly scheduled services. Article goes into more detail. Source: Planadviser.com
Compliance and Regulatory Key Changes in Money Market Fund Regulations Ahead Summary: Money market funds have been used by 401k and 403(b) plans to provide a simple, stable and liquid source of income, despite their low returns. New SEC rules will require plan committees to re-examine the role of the MMF in their plans and determine which type of fund meets those needs. Source: Drinkerbiddle.com Retirement Plan Year-End Action Items Summary: The non-exhaustive list posted here describes year-end action items and the annual notices for retirement plans that generally must be distributed within a reasonable time prior to the start of the plan year. Source: Haynesboone.com 2016 Benefit Basics and Reporting and Disclosure Requirements Summary: These two Towers Watson pieces provide a handy listing of updated statutory limits, disclosure requirements and deadlines, and related 2016 information for pension and health and welfare plans in the U.S. Source: Towerswatson.com
Marketplace News Parthenon Capital Completes Acquisition of Millennium Trust Arnerich Massena Announces New Leadership in Institutional Services Nationwide Offers LPL's Employee Advice Solution on Recordkeeping Platform Genstar and Aquiline Complete Acquisition of Ascensus Hancock Hires RVP for Central Division
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