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This digest contains a wide variety of the freshest source material dealing with current trends, opinion, news, legislative action, investments, marketing, sales, consulting, and legal issues regarding 401k, 403b and other retirement plans. Each listing contains a headline (hyperlinked to the source document), description, source of the item, and the month and year posted to this digest.

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Senate Tax Reform Bill Seeks Different Reforms to Retirement Plans

Abstract: The Senate bill does not include any reductions to the most frequently referenced annual contribution limit, but the does impact catch-up contributions.

Source: Qualifiedplanadvisors.com, November 2017

Participants Say More Information About Plan Investment Fees Would Be Useful

Abstract: Roughly four in five retirement plan participants said it would be at least somewhat useful to have additional information about investment fees, according to research from The Pew Charitable Trusts.

Source: Plansponsor.com, November 2017

Lack of Retirement Savings Causing Anxiety for Americans

Abstract: Health care, retirement savings and student loans are the top causes of investor's financial anxiety, according to a survey by Rubicoin, a digital investment platform provider. Among all investors, mounting health care expenses and bills (23.5%) and a lack of retirement savings (22.6%) are the two biggest contributors of financial anxiousness. For Millennials, student loan debt, credit cards and health care expenses all measured equally as causes for "extreme" amounts of financial stress.

Source: Planadviser.com, November 2017

IRS Expectations of 401k Plans Hardship Withdrawals

Abstract: New substantiation guidelines for safe harbor hardship withdrawals have been issued by the IRS. The guidelines made it clear that hardship withdrawals must be substantiated with the proper form of documentation to be a valid distribution, so employers and third-party administrators must understand the guidelines prior to approving hardship distributions.

Source: Lindquistcpa.com, November 2017

Wells Fargo Requires Advisers to Use Level Fees for New 401k Business

Abstract: Wells Fargo Advisors is requiring that financial advisers servicing 401k plans do so in a level-fee arrangement for new business, as have other large brokerage firms, in response to the Department of Labor's fiduciary rule.

Source: Investmentnews.com (registration may be required), November 2017

Delaying the Inevitable: Required Minimum Distributions for DC Plans

Abstract: The rules governing required minimum distributions are complex, and exceptions to the rules abound. Plan sponsors should check their plan document to be sure RMDs are in operational compliance. Additionally, plan sponsors should educate account holders about the rules related to RMDs so that account holders are aware of tax implications and potential penalties related to RMDs. This article provides an in-depth look at RMDs.

Source: Findleydavies.com, November 2017

How to Save for Retirement (No Matter How Young)

Abstract: When your friends are still toiling away at 60, you'll be the one laughing and thanking yourself for being so smart to have started saving for retirement in your twenties. That's why it's important to get into a practical savings plan on even the smallest of budgets. This guide will show you that it only takes a little bit of your paycheck to build a strong foundation now for financial security later.

Source: Creditloan.com, November 2017

Management Fees Paid by Sponsors Stay Steady, Callan Survey Finds

Abstract: The research features highlights of total fund-level fees, performance-based fees, and fee negotiation practices, but the heart of the questionnaire focuses on actual fees paid by asset owners to fund managers compared to published fee schedules at the asset class level.

Source: Callan.com, November 2017

Updated List of Required Modifications for DC Plans

Abstract: The IRS releases its updated list of required modifications for defined contribution plans. The information package contains samples of plan provisions that have been found to satisfy certain specific requirements of the Internal Revenue Code, taking into account changes in the plan qualification requirements, regulations, revenue rulings, and other guidance.

Source: Benefitsforward.com, November 2017

A Tipping Point for Target-Date Funds

Abstract: Vanguard plan participants reached a critical tipping point. Half of all Vanguard participants are invested in a single target-date fund. And 57% of all participants were solely invested in a professionally managed allocation: 4% were using managed account options, 3% held a single-risk-based balanced fund, and 50% held one TDF.

Source: Vanguardinstitutionalblog.com, November 2017

Are You Up-to-Date on Qualified Plan Beneficiary Rules?

Abstract: Most TPAs don't wake up first thing in the morning thinking about qualified plan beneficiary rules. However, improper payments due to lack of knowledge about these rules can have unwanted consequences. As the first in a series, this article covers the basic rules of the spouse beneficiary requirement for qualified plans.

Source: Penchecks.com, November 2017

Connecticut Pushes Back Implementation Date for State-Run Auto-IRA Program

Abstract: Connecticut was one of the first states to adopt such a program, requiring employers in the private sector over a certain size offer a retirement plan for their employees. But the Nutmeg State's state-run auto-IRA plan for private sector workers isn't going to be ready for business on Jan. 1, 2018.

Source: Ntsa-net.org, November 2017

Study Finds Lower-Income Savers Benefit Less From 401ks Than Higher Earners

Abstract: While participation in 401k plans is high across the board for middle-income workers, the lower their income, the less likely they are to reap the full advantages from their employer's retirement savings plan, according to a study by MassMutual. More education is needed to help workers tap existing strategies to make saving for retirement more affordable.

Source: Massmutual.com, November 2017

Competition for Target-Date Funds Is Heating Up

Abstract: Competition for target-date funds in the DC market is showing no sign of abating. DC Specialists are looking outside the two-dominant target-date fund providers. While American Funds and Vanguard continue to square off for the greatest proportion of target-date fund dollars among this elite plan advisor segment, three investment managers are gaining ground.

Source: Marketstrategies.com, November 2017

Do Consumers Believe in Debt After Retirement?

Abstract: LIMRA Secure Retirement Institute finds consumers attitudes towards being in debt, even so called "good" debt, is negative during retirement. The Institute finds 67 percent of consumers believe retirees should avoid borrowing money for any reason.

Source: Limra.com, November 2017

Fiduciary Standard Quandary: First Avoid "Harm"onization

Abstract: In the debate between suitability and fiduciary standards, reliance on disclosure may be viewed as a loophole and many see the "harm" emerging from harmonization. Reliance on more disclosure as a remedy will water down the fiduciary standard and provide weak consumer protection. The very term "harmonization" implies compromise.

Source: Fiduciarynews.com, November 2017

Fidelity Gets Industry Support in Stable Value Fund Appeal

Abstract: The Securities Industry and Financial Markets Association is urging a federal appeals court to reject a legal challenge to Fidelity's stable value fund, which 401k investors accused of carrying excessive fees and using an unduly conservative investment strategy.

Source: Bna.com (registration may be required), November 2017

Retirement Benefits on IRS Agenda in Priority Guidance Plan

Abstract: Retirement benefits are on the agenda in the IRS' recently released 2017-2018 Priority Guidance Plan. The plan lists projects that the IRS says it hopes to complete by June 30, 2018, and sets forth guidance priorities for the Department of the Treasury and the IRS based on public input.

Source: Asppa.org, November 2017

Six Tips to Take DC Plans to the Next Level

Abstract: Tax reform. Interest-rate hikes. Regulatory questions. Inflation. There's always a reason to put off making changes to your company's DC plan. But some improvements will be good for your plan and participants no matter what happens. Here are six tips to help you enhance your firms' retirement-readiness offerings.

Source: Alliancebernstein.com, November 2017

Hatch Proposes "Mini-Rothification" for 401ks, IRAs

Abstract: Sen. Orrin Hatch will propose eliminating the current pretax 401k catch-up contribution, Fox Business reports. Hatch proposes raising the catchup limit to $9,000, but taxing those contributions when they are made and making them Roth 401k contributions, according to the network.

Source: 401kspecialistmag.com, November 2017

AICPA's Progress Toward Improving Employee Benefit Plan Audits

Abstract: In 2014, the AICPA launched an initiative for improving the quality of audits by improving the overall audit process. The process for enhancing audit quality includes the following six steps: pre-licensure, standards and ethics, CPA learning and support, peer review, practice monitoring of the future and enforcement. The AICPA recently released a report detailing the highlights and progress of its initiative.

Source: Schneiderdowns.com, November 2017

Extension of Fiduciary Rule Transition Period Likely Official End of November

Abstract: Although the details of the notice are not yet known, the title suggests that the conditions of the named exemptions that are currently scheduled to become applicable on January 1, 2018, will be delayed by 18 months to July 1, 2019, as the DOL had originally proposed in August.

Source: Morganlewis.com, November 2017

Puerto Rico Governor Signs Executive Order Authorizing Rules for Retirement Plan and IRA Distributions

Abstract: The Governor of Puerto Rico signed Executive Order No. 2017-067 authorizing the Secretary of the Department of the Treasury to establish tax rules for distributions from qualified retirement plans and individual retirement accounts following Hurricane Maria and other natural disasters.

Source: Littler.com, November 2017

The Perils of Missing Participants

Abstract: Sponsors of retirement plans are well aware of the annoyances associated with missing participants. However, there may also be associated legal perils. An October 2, 2017 letter from the American Benefits Counsel to Tim Hauser at the Department of Labor, outlines the aggressive legal positions recently taken by DOL investigators with respect to missing participants.

Source: Wifilawgroup.com, November 2017*

Colleges and Universities Seek Expert DC Advisers for Plan Refinements

Abstract: Transamerica has published an updated annual survey of higher education plan sponsors, finding many are beginning to adopt the retirement plan features shown to be popular in the corporate sector. Survey finds higher education institutions "made a marked increase in the adoption of automatic enrollment (67%) and automatic deferral rate increases (36%) for participants."

Source: Planadviser.com, November 2017

Higher-Earners Benefit More From 401ks

Abstract: While participation in 401k plans is high across the board for middle-income workers, the lower their income, the less likely they are to reap the full advantages of their employer's retirement savings plan, MassMutual found in a survey.

Source: Planadviser.com, November 2017

Hearing Set for EBSA Nominee

Abstract: The Senate Health, Education Labor & Pensions Committee will hold a hearing next week on several nominations, including a new potential Assistant Secretary of Labor, Employee Benefits Security Administration.

Source: Napa-net.org, November 2017

House Bill Proposes Major Modifications to Employee Compensation and Benefits-Related Laws

Abstract: The Tax Cuts and Jobs Act proposed by the US House of Representatives on November 2nd proposes major modifications to employee and partner compensation and benefits-related provisions of the Internal Revenue Code. This article highlights of the House Bill's and the Brady Amendments' compensation and benefit provisions.

Source: Kattenlaw.com, November 2017

Fiduciary Update November 2017

Abstract: This Captrust Advisors 'Fiduciary Update' provides an update on the DOL's conflict of interest rule for other investor protections, late loan payments as taxable distribution, pension overpayments, and other fee related litigation.

Source: Captrustadvisors.com, November 2017

Labor Department Mum on Fiduciary Rule as It Awaits Review

Abstract: Top officials from the Labor Department's benefits agency were tight-lipped on the substance of the fiduciary rule delay that could come as soon as Thanksgiving.

Source: Bna.com (registration may be required), November 2017

Senate Tax Reform Proposal Caps Catch-Ups

Abstract: The Senate tax reform proposal throws a few unexpected curves, bringing back problems for deferred compensation plans, introducing some new problems for 403b and 457 plans and capping catch-up contributions.

Source: Asppa.org, November 2017

Auto-Enrollment: Elixir and Intoxicant

Abstract: The belle of the retirement plan participation ball is auto enrollment. And a potent tool it is. But a recent article suggests it may not only be an elixir, it may also cause a delayed hangover.

Source: Asppa.org, November 2017

Qualified Retirement Plan Amendments: 2017 Year-End Update

Abstract: This advisory reminds plan sponsors of deadlines for amending qualified retirement plans and certain year-end legal updates.

Source: Alston.com, November 2017

Retirement Plan Committee: Effectively Managing Group Dynamics

Abstract: Your retirement plan committee is the cornerstone of your plan's governance and oversight. But what do you do when they aren't getting along, or when it seems like one or two of the members are commandeering the decision-making process?

Source: 401ktv.com, November 2017

Fiduciary Fallout: Increasing the Cost of Retirement

Abstract: The DOL's Fiduciary Rule is now making it harder for families to save for their future. New research shows that the DOL rule is actually increasing the cost of investing and retirement savings for Americans. This threatens to put a secure financial future beyond the reach of those that need it the most.

Source: Uschamber.com, November 2017

DOL Targets Retirement Plans With Missing Participants

Abstract: The DOL is reported to be targeting retirement plans with missing participants for audit. By examining Form 5500 annual reports, the DOL discovered that some plans were reporting a larger number of terminated vested participants who were not receiving benefits. As a result, the DOL has reportedly initiated a national audit campaign targeting plans with missing participants with a view towards treating lackadaisical efforts to locate them as a breach of fiduciary duty.

Source: Retirementplanblog.com, November 2017

Eliminating Friction and Leaks in America's DC System

Abstract: The Retirement Clearinghouse implemented the Auto Portability Initial Launch for small-balance safe harbor IRAs (SHIRAs) with a large employer plan in the hospital services industry. The Program generated substantial, measurable activity as workers were offered the opportunity to consolidate a pre-existing SHIRA into their current, active employer plan. The results, analysis and findings from the Auto Portability Initial Launch are documented here.

Source: Rch1.com, November 2017

Results From Use of Auto Portability Product Released

Abstract: A new report shows the potential to preserve trillions of future retirement savings dollars for retirement plan participants through the widespread adoption of auto portability.

Source: Planadviser.com, November 2017

Is Open Architecture the Answer for Target-Date Managers?

Abstract: Despite the challenging barriers to entering a concentrated market, a new study points to open-architecture series as a way for target-date fund managers to benefit from increased demand for their products.

Source: Napa-net.org, November 2017

Paper Recommends Policy Changes to Address America's Retirement Challenge

Abstract: Mercer released this whitepaper outlining policy recommendations aimed at addressing and resolving America's retirement security challenge. As Congress considers retirement issues as part of tax reform, the paper offers guidance on how to develop a coherent public policy strategy that helps citizens adequately prepare for retirement given longer life expectancies and lack of financial knowledge.

Source: Mercer.com, November 2017

Nordstrom Sued Over Excessive Fees in Its $2.8B 401k Plan

Abstract: Nordstrom is the latest large company accused of violating federal benefits law by allegedly selecting and retaining high-cost investment options in its $2.8 billion 401k plan when lower-cost options were available.

Source: Bna.com (registration may be required), November 2017

Four Ideas to Mitigate Challenges of Canada's Retirement Savings Gap

Abstract: The retirement savings gap is a thorny problem. According to the author, it can only be resolved through bold, coordinated action and partnership between the public and private sector. He offers four ideas that could go a long way towards meeting these challenges.

Source: Benefitscanada.com, November 2017

Report Suggests Raising DC, RRSP Contribution Limit to 30%

Abstract: The current environment is simply too difficult for Canadians to save adequately for retirement, given increased longevity and the low yields on appropriate investments, according to a new report by the C.D. Howe Institute that suggests raising contribution limits to retirements savings plans to 30 per cent per year.

Source: Benefitscanada.com, November 2017

Tax Reform Proposal Would Impact Savings Arrangements

Abstract: The House Ways and Means Committee's GOP leadership introduced the Tax Cuts and Jobs Act. Although the legislative process is still ongoing, the following is a summary of the more significant provisions from the initial proposal that could become law and affect tax-favored savings arrangements.

Source: Ascensus.com, November 2017

Why Automating Retirement Savings May Not Be Enough

Abstract: Fueled by the popularity of nudging practices, the practice of enrolling employees automatically in retirement savings plans has become widespread in the United States over the past decade. The logic of an automatic retirement savings plan is compelling. However, a majority of people enrolled in automatic retirement savings plans are not saving enough.

Source: Psychologytoday.com, November 2017

Financial Wellness Via Your 401k

Abstract: A large percentage of Americans are living paycheck to paycheck. Here are action steps that encourage workers to save more than they are willing to earmark for retirement.

Source: Psca.org, November 2017

Measuring Retirement Income Adequacy Not an Exact Science

Abstract: Researchers have developed diverse approaches for quantifying the adequacy of retirement income, focusing on different groups of retirees and employing different definitions of income and adequacy, a CBO report notes.

Source: Planadviser.com, November 2017

Tax Reform is on the Table -- What's Next for 403bs?

Abstract: The House Ways & Means Committee began marking up the 429-page "Tax Cuts and Jobs Act." What will that mean for 403b plan advisors?

Source: Ntsa-net.org, November 2017

Proposed Tax Bill Includes Language to Expand MEPs -- Dramatically

Abstract: The current requirement for Open MEP's that include filing individual Form 5500's, requiring individual plan audits for those adopters whose size makes such an audit a requirement, and the need for an individual ERISA Bond will disappear under the new law if it is enacted.

Source: Linkedin.com, November 2017

Tax Reform Surprise: Congress Slips in 401k MEP Broadside

Abstract: There's no question 401k MEPs represent one of the best kept secrets in the retirement plan industry. Because of the DOL's 2012 Advisory Opinion, they have very little practical use. Congress, through the language in H.R.1, just changed all that.

Source: Fiduciarynews.com, November 2017

The Elusive IRC Section 410(b)(6) Transition Rule

Abstract: One of the most confusing parts of working with retirement plans occurs when the plan sponsor buys another company. This article reviews one aspect of the rules relating to transactions, which is commonly the key to a successful handling of benefits matters in M&A, and is also commonly misunderstood: The IRC Section 410(b)(6) Transition Rule.

Source: Ferenczylaw.com, November 2017

Franklin Templeton, Execs Sued Over High 401k Fees

Abstract: Franklin Resources and more than a dozen of its executives are accused of violating federal benefits law by allegedly causing the company's $1 billion 401k plan to invest in high-cost, poorly performing in-house funds when better investments were available.

Source: Bna.com (registration may be required), November 2017

Is Keeping Former Employees in Your Plan a Good Idea?

Abstract: Although the employees might have sound financial reasons for leaving their 401k funds in the former employer's plan, it's important to take a look at this topic from the employer's point of view.

Source: Belfint.com, November 2017

Thrivent, DOL Both Win in Fiduciary Rule Case

Abstract: Unlikely as it would seem, both Thrivent Financial and the DOL could be considered winners when a U.S. District Court judge on November 3, 2017, granted an injunction against a key aspect of the DOL's investment fiduciary guidance.

Source: Ascensus.com, November 2017

Behaviors and Methodology Determine Both Suitability and Fulfilling Fiduciary Duties

Abstract: Ethical behaviors are not determined by outcomes structured within the confines of a contract. Attempts to do so only make "what is fair" and "what is ethical" esoteric. FINRA provides us all with a guideline -- if not a fair warning -- in Rule 2111 Supplementary Material.

Source: 401khelpcenter.com, November 2017

How Women Entrepreneurs Can Turn the Retirement Tide in Their Favor

Abstract: When it comes to retirement savings, women entrepreneurs fall behind their male counterparts. While the financial outlook may not appear as brilliant for women as it should, there are some options that can help them cover-up this retirement-savings gap.

Source: 401khelpcenter.com, November 2017

Year-End Compliance Issues for Single-Employer Retirement Plans

Abstract: By year-end 2017, sponsors of calendar-year single-employer retirement plans must adopt necessary and discretionary plan amendments to ensure compliance with the statutory and regulatory requirements of ERISA and the tax code. This bulletin looks at key areas -- including administrative compliance issues -- that sponsors of such DB or DC plans should address by December 31, 2017.

Source: Milliman.com, November 2017

Limiting Pre-Tax 401k Contributions May Be a Good Idea

Abstract: The author writes, "Would 401k plan participants be disadvantaged as a result of a much lower cap on pre-tax 401k contributions? The answer, in all likelihood, is no. Here is why."

Source: Lawtonrpc.com, November 2017

TPA Alpha: Why Quality Ingredients Matter

Abstract: Not knowing all the pertinent details when making important decisions can have a dramatic impact on desired outcomes. Some details are more critical than others, but studying the elements and getting all the relevant information available can help you make the most informed and prudent decision. With that idea in mind, this article looks at how financial advisors can receive a high level of consulting and avoid future headaches by choosing to partner with high quality TPAs.

Source: Bpp401k.com, November 2017

Chapter 13 Debtor Can Put Earnings Into 401k

Abstract: Chapter 13 debtors can deduct 401k contributions in calculating their disposable income that must be contributed to a payment plan, even if they weren't contributing in the six months prior to the bankruptcy, an Illinois bankruptcy judge ruled Oct. 30.

Source: Bna.com (registration may be required), November 2017

Six Steps to a Debt-Free Retirement

Abstract: Some retirees are completely debt-free as they enter their golden years. There's a unique comfort in paying off all your debts before you retire. Here are six steps you can take to ensure a debt-free retirement.

Source: Usnews.com, November 2017

Missing Participants and Beneficiaries and Required Minimum Distributions

Abstract: The Internal Revenue Service has released administrative guidance regarding how qualified retirement plans may satisfy RMD standards when the participant or beneficiary to whom the payment is due cannot be located.

Source: Seyfarth.com, November 2017

Best Practices for Reaching a Busy Plan Sponsor

Abstract: There is more to the process when it comes to reaching out to plan sponsors. This article puts together a few strategies to consider when getting in front of companies and how to successfully reach out.

Source: Rixtrema.com, November 2017

Employer Retirement Plans Comparison Table for Small Businesses-2018 Plan Year

Abstract: This table provides a comparison of the features and benefits that apply to retirement plans that can be sponsored/adopted by small business owners.

Source: Retirementdictionary.com, November 2017

2017 Target-Date Fund Buyer's Guide

Abstract: The 2017 TDF Buyer's Guide represents $1.6 trillion in assets as of June 30. Of the target-date fund market reported, 60% of products are in mutual funds, 37% in collective investment trusts, and 3% in variable portfolios. The analysis is based on the 71 off-the-shelf, or prepackaged, products and custom solutions are excluded.

Source: Planadviser.com, November 2017

Average 401k Balance Reached $99,900 in Third Quarter

Abstract: In the third quarter, the average 401k balance that Fidelity Investments administers reached $99,900, a 2.25% increase from $97,700 in the previous quarter, and a 31.27% increase from the average $76,100 balance five years ago.

Source: Planadviser.com, November 2017

Plan Sponsor Fee Litigation Cases on the Rise

Abstract: There are three main types of excessive fee litigation: 1) Excessive fee litigation involving lawsuits against large corporate plan sponsors challenging fees and expenses associated with employee plans. 2) Excessive fee litigation involving lawsuits against financial institutions who also happen to be plan sponsors. 3) Excessive fee litigation involving university-sponsored 403b plans. This article examines each of these three types of excessive fee lawsuits.

Source: Groom.com, November 2017

Tax Reform Contemplates Changes to Employee Benefits

Abstract: The House Committee on Ways and Means publicly released a working draft of the Tax Cuts and Jobs Act. In the weeks leading up to the release of the draft, speculation has swirled as to whether it would eliminate or otherwise limit the ability to make pre-tax employee deferrals into 401k plans. The current draft of the bill would not impact 401k deferrals, but would bring other changes to employee benefit plans and programs beginning in 2018, as described in this article.

Source: Erisapracticecenter.com, November 2017

What You Should Know About the Hardship Withdrawal Process

Abstract: In these difficult economic times, more participants are considering the option of taking a hardship withdrawal. A participant can only take a hardship withdrawal if it is permitted by the plan and they have an immediate and heavy financial need. This checklist can be used when faced with the task of reviewing and approving hardship requests.

Source: Consultrms.com, November 2017

Tax Reform Bill Contains (Other) Retirement Plan Changes

Abstract: While much of the focus has been on the potential "Rothification" of 401k plans, the Tax Cuts and Jobs Act included a number of other retirement plan-related provisions, including changes that impact hardship withdrawals and loans.

Source: Asppa.org, November 2017

Tax Reform Update -- A (Mostly) Good First Step

Abstract: House Republican leaders on Nov. 2 released their much-anticipated tax reform plan that left 401ks and IRAs alone, but contained a number of proposals to modify various pension and retirement savings provisions.

Source: Asppa.org, November 2017

Initial House Tax Reform Bill Proposes Limited Changes to Retirement and Savings Arrangements

Abstract: While it is understood that the version of tax reform released by the House Ways and Means Committee this week could change both in House deliberations and in a conference committee process with the Senate, it is worth taking note that the bill would not propose limiting the availability of pretax retirement savings contributions.

Source: Ascensus.com, November 2017

408(b)2 Disclosures and the Fiduciary Rule

Abstract: 408(b)2 Provider Disclosures have created confusion for employers who sponsor 401k and 403b plans ever since the rules first requiring them took effect in 2012. This article seeks to clear up some of the confusion in the interest of helping employers stay compliant and ensure plan participants are well served.

Source: Alliant401k.com, November 2017

Marcia Wagner's 10-Minute Take on Trump Tax Plan

Abstract: "There are no adjustments to 401k plans," Wagner, principal of The Wagner Law Group, told advisors in the audience in a rapid-fire recap at the start of a regulatory-focused session. "We have somehow avoided Rothification," although she noted it doesn't mean that the final version of the bill will not include some form of Rothification.

Source: 401kspecialistmag.com, November 2017

DOL and SEC Uniform Advice Standard May Not Be Far Off

Abstract: Leadership at both the DOL and SEC have signaled a willingness to work together to find complementary approaches to managing advisers' conflicts of interest, but it will be a heavy lift to accomplish a uniform standard.

Source: Planadviser.com, November 2017

Cashing-Out Terminated Employees From Your Company's Retirement Plan

Abstract: This article focuses on one aspect of the employment termination process as it relates to defined contribution retirement plans. More specifically, it examines the involuntary cash-out provisions included within most DC plans.

Source: Legacyrsllc.com, November 2017

Cybersecurity as It Relates to Retirement Plan Data

Abstract: As cybersecurity threats increase, so should plan fiduciary efforts to combat these threats. Fiduciaries can work with service providers to strengthen existing protections and can work internally to create and document procedures that demonstrate prudent process.

Source: Groom.com, November 2017

What You Should Know When Establishing a 401k Plan: A Guide for New Plan Sponsors

Abstract: Installing a 401k plan is a challenge whether the company is a startup, or an established firm. This article gives an overview of some of the most common practical issues and compliance problems that plan sponsors should be aware of when first establishing a 401k plan.

Source: Fenwick.com, November 2017

GE Hit With Second Lawsuit Over 401k Plan Investments, Fees

Abstract: General Electric faces a second lawsuit challenging the allegedly imprudent investments in proprietary mutual funds included in the company's $28 billion 401k plan. GE's selection of in-house mutual funds for the plan allegedly provided its financial services subsidiary, GE Asset Management, a constant source of fees and helped inflate GEAM's market value for a subsequent sale of the subsidiary, according to a lawsuit.

Source: Bna.com (registration may be required), November 2017

FBI Raids, Shuts Down TPA

Abstract: The Federal Bureau of Investigation has raided the offices of Vantage Benefits Administrators "amid concerns that money may be missing from retirement accounts the company manages," according to the Dallas Morning News.

Source: Asppa.org, November 2017

More IRS Relief for Hurricane Maria and California Wildfires Victims

Abstract: The IRS has released Announcement 2017-15 detailing more relief available for those affected by Hurricane Maria and the California wildfires. This relief is in addition to previous disaster-related announcements.

Source: Ascensus.com, November 2017


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