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While there’s some good news in the Trustees report for the nation’s retirement security system, there’s also some not-so-good news. First, the good news. The combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become... READ MORE
The nation’s highest court just took a step towards considering review of a case with significant implications for the burden of proof in ERISA lawsuits. The suit, Brotherston v. Putnam Investments, LLC, was filed in 2017 by participants in the Putnam Investments plan who alleged that the... READ MORE
A new survey finds a massive shift in sentiment toward retirement income solutions – this week, we’d like to know if you’re seeing that. The survey – of the “largest and mid-sized 401(k) consultants and advisors” – was reported by fixed income money manager PIMCO – and it claims that “nearly two-... READ MORE
A new excessive fee suit claims plan fiduciaries “larded the plan with excessively expensive sub-advised accounts to the exclusion of superior alternatives” – and “negligently prepared and/or intentionally misstated their Form 5500s.” In this case it was Ramon Diaz, a former participant in the... READ MORE
As a way to overcome lifetime retirement income shortfalls, Nobel Prize winning economist Richard Thaler recently described an idea to allow people to take a portion of their 401(k) benefits to purchase more Social Security benefits.  Thaler, currently the Charles R. Walgreen Distinguished Service... READ MORE
The pressure to live a secure retirement has led to some counterintuitive views about just what will help workers get themselves there.  While 66% of American workers are still planning to supplement their personal savings with income from Social Security, 42% also don’t believe Social Security... READ MORE
As plan auto-features become widely accepted, plan sponsors are increasingly turning their attention to retirement income strategies, according to a new survey  of large and mid-size 401(k) consultants and advisors.  Nearly two-thirds of respondents believe plan sponsors want to continue serving... READ MORE
Many of us in the retirement plan space didn’t plan to be here – and that’s often the case for plan sponsors as well. So, how do they get trained – or do they? On a personal level, most of this week’s respondents (55%) pursued a number of tracks in their own education, though most of those (63%)... READ MORE
Robert J. Jackson, Jr. is planning to leave his post as a Securities and Exchange Commissioner later this year to return to academia, according to a report in the Wall Street Journal.  Jackson, whose terms expires in June 2019, reportedly is expected to rejoin the New York University Law School... READ MORE
If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)…  In Des Moines, Iowa, Debra Ann Sly, 56, reported to the Polk County Jail recently… because a warrant had been issued for her arrest… after she failed to appear for a... READ MORE
An investment advisor – enjoined in an excessive fee suit after discovery revealed their role – will have to defend its actions in court. The advisor in this case is AON Hewitt Investment Consulting, Inc., and the excessive fee suit involves Safeway and its recordkeeper (now Empower, by way of... READ MORE
Technology offers a dazzling array of ever-expanding options for retirement plans and participants. But not everyone is interested in tech. Some recent blog entries suggest ways to heighten the experience, as well as non-tech ways to serve a plan and its participants.  Technological advances march... READ MORE
In response to the fact that a significant proportion of American households would be placed in financial crisis if they had an unexpected expense of even $400, the payroll deduction emergency savings account concept was born.  To gauge the consumer appeal of a payroll deduction into such an... READ MORE
After enduring persistent stock market volatility throughout 2018 and the beginning of 2019, Americans seem to have adapted to this "new normal," a new study reveals.  Given the ongoing volatility, Americans remain cautiously optimistic, with one-third of respondents saying they are comfortable... READ MORE
The Plan Sponsor Council of America (PSCA), part of the American Retirement Association (ARA), is giving retirement plan sponsors at nonprofit organizations an opportunity to participate in, and receive benchmarking data from, its annual 403(b) Benchmarking Survey. Embarking on its second decade,... READ MORE
Global Retirement Partners, LLC (GRP) and Strategic Retirement Partners (SRP) have announced a strategic partnership they say is designed to leverage their respective core competencies and “create industry-leading scale.”  According to a press release, this transaction will add 17 SRP offices with... READ MORE
Workers have positive visions of retirement, looking forward to an active phase in life, but across the three generations currently in the workforce, they share the same top fear, according to a recent study.  In “What Is ‘Retirement’? Three Generations Prepare for Older Age” by the Transamerica... READ MORE
With the Trump administration’s Association Health Plan rule stymied by a federal judge’s ruling, a large group of Republican senators has introduced legislation to fill that gap. Sens. Chuck Grassley (R-IA) and Joni Ernst (R-IA) have joined Sen. Mike Enzi (R-WY) and a group of colleagues in... READ MORE
You may have missed it – but we just passed the anniversary of the 1912 sinking of the now iconic RMS Titanic, at the time the world’s largest ocean liner.  Its passengers included some of the wealthiest people in the world, as well as a large number of emigrants seeking a new life in North... READ MORE
The Garden State has formally proposed a new uniform fiduciary standard – and there’s some good news for 401(k) plan advisors.  Issued April 15 by New Jersey Attorney General Gurbir Grewal and the state’s Bureau of Securities, the proposed rule would establish by regulation a common law fiduciary... 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 other types of retirement savings plans. We bring Case of the Week to you to highlight the most... READ MORE
Despite the market’s first quarter rebound, see-sawing stock prices prompted 401(k) investors to continue favoring fixed income funds over equities, according to the Alight Solutions 401(k) Index. The firm’s March 2019 observations show that nearly 90% of the days in the quarter saw net trading... READ MORE
The Plan Sponsor Council of American (PSCA), part of the American Retirement Association, is conducting its third annual benchmarking survey about non-qualified deferred compensation plans.  The survey instrument is online at https://www.cvent.com/d/z6qwkx. All respondents will receive a free ... READ MORE
Many of us in the retirement plan space didn’t plan to be here – and that’s often the case for plan sponsors as well. Sure, many studied to work in human resources, others in treasury/finance – but working with retirement plans? This week, we’d like to know – what kind of training have your plan... READ MORE
A new report notes that large companies have paid out $6.2 billion in 201 ERISA class-action lawsuits since 2000. And that’s the total of (just) 201 settlements and verdicts since the beginning of 2000 involving corporations in the Fortune 1000, the Fortune Global 500 and the Forbes list of... READ MORE

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