Reporting Emerges That Many DOL Fiduciary Rule Comments Could Be Fake
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In This Issue
DOL's Fiduciary Rule Reporting Emerges That Many DOL Fiduciary Rule Comments Could Be Fake Abstract: The Wall Street Journal published an analysis this week suggesting "at least five governmental agencies have received fake comments challenging the agencies' rules," including the Department of Labor; the DOL is so far declining additional comment. Source: Planadviser.com »» Click here for more on the DOL's Fiduciary Rule General Items Four Questions to Ask Before Doing a 401k Plan Re-Enrollment Abstract: Employers do re-enrollments to make sure plan participants have appropriate asset allocations and savings rates. Having a process to help plan sponsors with 401k plan re-enrollments is becoming table stakes for retirement plan advisers. Source: Investmentnews.com (registration may be required) What Does the New Year Hold? Three Predictions for 2018 Abstract: The trends that unfolding in the coming year are well-trod ground at this point without any radical shifts; mostly extensions of trends already in place. Captrust Senior Director John Curry outlines predictions for plan sponsors, participants, and the retirement industry in general in the new year. Source: Captrustadvisors.com Insight: Studies, Research, and White Papers New Evidence on the Demand for Advice Within Retirement Plans Abstract: Using participant-level data from TIAA, this study sheds new light on demand for advice within retirement plans. In addition to examining how demand varies based on participant demographics, the authors explore how demand is affected by default investment options and the means by which advice is offered. Source: Tiaainstitute.org DC In-Plan Retirement Income Solutions: Are We There Yet? Abstract: The decision to offer an in-plan retirement income solution is a fiduciary decision that rises to the top of potential concerns. The market and appetite for these options continues to evolve. This article reviews the options available to plan sponsors and provide an update on developments within the industry. Source: Porteval.com Four Canadian Pension and Retirement Trends to Watch in 2018 Abstract: As 2017 draws to a close, we turn our attention to the new year. As usual, there's a lot happening in the Canadian pension environment. Here are four pension trends to watch in 2018. Source: Benefitscanada.com Troubling 401k Trend for Hispanic Workers Abstract: Less than 10 percent of small business workers in the five top Hispanic metro areas of the United States have access to employer-sponsored retirement savings accounts. Additionally, according to a recent study from Finhabits, the states with the largest concentration of Hispanic residents had the lowest participation in retirement savings. Source: 401kspecialistmag.com »» Click here for More Studies, Research, and White Papers Items of Special Interest to Service Providers A Bunch of Reasons to Use More 401k Fintech Abstract: Technology's cool and compelling, yet far too many advisors rely on innovation of old. Using an estimated 10 percent of their platforms' full capabilities on average at best, they're not helping their participants, or themselves. Source: 401kspecialistmag.com Four Steps to a Successful 401k Business Brand Audit Abstract: Branding is a natural starting point for working on your practice and yet often overlooked. A crucial step is the brand audit, which in essence asks how well you articulate your brand, and in what mediums. Source: 401kspecialistmag.com Court and Legal ERISA Litigation Landmarks Set the Stage for 2018 Abstract: One ERISA attorney who specializes in defending employers against fiduciary breach claims says 2017 has delivered no shortage of important, potentially precedent-setting decisions involving employee benefits law; and the stage is set for another whirlwind of a year in 2018. Source: Planadviser.com Noteworthy Federal Cases Relating to Employee Benefit Plans in 2017 Abstract: Here is a round up of cases decided by the U.S. Supreme Court and the First and Second Circuit Courts of Appeals in 2017 involving ERISA employee benefit plans. Source: Employeebenefitsupdate.com Princeton Retirement Plan Lawsuit Paused by Judge Abstract: A lawsuit challenging the fees and investment options in Princeton University's retirement plan will be put on hold until a federal appeals court considers a similar case against the University of Pennsylvania. Source: Bna.com (registration may be required) »» Click here for more Court and Other Legal Issues Legislative and Washington DC Senate Confirms Rutledge to Key DOL Post Abstract: The successor to regulatory powerhouse Phyllis Borzi who preceded him, supporters and detractors alike note Rutledge is very familiar with the responsibilities of the role, and industry advocacy groups praised the nomination and confirmation. Source: 401kspecialistmag.com Bill Proposes Enhancements to Auto Enrollment, RMD, and Other Retirement Plan Rules Abstract: Representative Richard Neal has introduced the Retirement Plan Simplification and Enhancement Act of 2017. The legislation would significantly modify current rules for individual retirement arrangements and employer-sponsored retirement plans. The bill aims to expand retirement plan coverage, preserve retirement income, and simplify retirement plan rules. Source: Ascensus.com »» Click here for more on Legislative Actions Compliance and Regulatory 2018 Key Administrative Dates and Deadlines for Calendar-Year DC Plans Abstract: This is a 5-page retirement plan chart and 2018 calendar for defined contribution plans, published Milliman. The document provides key administrative dates and deadlines for calendar-year plans. Source: Milliman.com Common Issues Discovered During Retirement Plan Audits Abstract: Diane Wasser of EisnerAmper LLP, a national certified public accounting firm with a practice group specializing in the audit of retirement plans, discusses common issues that Diane and her team discover during their audits of retirement plans. Source: Truckerhuss.com »» Click here for more Compliance and Regulatory Material
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