One year after the SEC’s money market fund reform rules went into effect, there appears to be a sizable shift away from MMFs towards stable value funds as a capital preservation option in DC plans.Just over half of plan sponsors (52%) now offer MMFs as a capital preservation option, down from 62%... READ MORE

The ERISA consultants at the Learning Center Resource, which is available through Columbia Threadneedle Investments, regularly receive calls from financial advisors on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with an advisor in Georgia is... READ MORE

Finding disagreement on the calculation of damages – and disagreeing with the assumptions presented – in the long-running excessive fee case of Tussey v. ABB, a federal court judge has directed the parties to try again – and spelled out how to do it.After remand from the 8th Circuit, Judge Nanette... READ MORE

A few years back – well, now it’s quite a few years back – when my kids still believed in the reality of Santa Claus, we discovered an ingenious website that purported to offer a real-time assessment of their “naughty or nice” status.Now, as Christmas approached, it was not uncommon for us to... READ MORE

Bipartisan legislation has been reintroduced in Congress that seeks to encourage small businesses to offer retirement plans and make a variety of other changes to existing retirement law.Reps. Ron Kind (D-WI) and Dave Reichert (R-WA), both senior members of the House Ways & Means Committee,... READ MORE

Participant-plaintiffs have had their excessive fee claims against Delta Air Lines rejected in federal court.The case, Johnson v. Delta Air Lines, Inc. (N.D. Ga., No. 1:17-cv-02608-TCB, order granting defendant’s motion to dismiss 12/12/17), had, as many had previously, challenged the use of... READ MORE

Seattle workers whose employers do not offer a retirement plan will have access to one through the city if a proposal by Mayor Jenny Durkan (D) is enacted.On Oct. 10, then-Mayor Tim Burgess (D) sent legislation to the Seattle City Council to establish the Seattle Retirement Savings Plan (SRSP). The... READ MORE

The Senate Health, Education, Labor and Pensions Committee voted Dec. 13 to approve the nomination of Preston Rutledge to be Assistant Secretary of Labor, Employee Benefits Security Administration.The focus now shifts to the Senate floor. A vote on Rutledge’s nomination by the full Senate has not... READ MORE

We’ve got a unique opportunity for advisors to hone your professional knowledge and earn the industry’s hottest new designation at the same time.As an exclusive for NAPA 401(k) SUMMIT advisor registrants, you can earn your Certified Plan Fiduciary Advisor (CPFA) designation for FREE – and we’ll... READ MORE

The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and executive compensation arrangements.A recent call with an advisor in Michigan is representative of a... READ MORE

As DC plans continue to grow in size and complexity, the retirement industry needs to keep up and redefine terms to better reflect the new environment, Willis Towers Watson says in a new report.Picking up where they left off with their 10 new definitions for DB plans, the firm’s new report... READ MORE

Despite being wary of fragile market conditions, rising interest rates and the growing popularity of passive investments, new research shows that institutional investors plan to make only modest adjustments to allocation plans and have not resorted to wholesale shifts in portfolio strategy.To that... READ MORE