Hosting an industry conference? Ask us about including it in this ticker?
What do you think of our site upgrade?

FiduciaryNews Trending Topics for ERISA Plan Sponsors: Week Ending 4/25/14

April 28
00:02 2014

1020805_25983300_Trending_Topics_2014.04.28_stock_xchng_royalty_free_300Welcome to FiduciaryNews Trending Topics. Each Monday, we’ll give you a quick synopsis of the major news events and trends impacting ERISA plan sponsors, 401k fiduciaries and those in the business of supporting these fine folks. If you smile when you read these entertaining snippets, well, that’s the idea. If you think we’re missing something important, then please let us know. But, note this well, we avoid press releases masquerading as news stories (even though they might be reported by journalists) as well as mass media pabulum that merely mouths investment myths and mistakes.

FiduciaryNews Lead Story:
Is Famed Fiduciary Advocate Ron Rhoades Ready to Concede Defeat?” (, April 22, 2014). Low fees are no substitute for veteran fiduciary experience.

Compliance – Huh?:
There’s a mumble-jumble mess out there. Can anyone smell the opportunity?
De-risking defined benefits plans needs to be a corporate priority,” (Employee Benefit News, April 17, 2014) This could be good news for both corporations and their employees. More and more companies are considering “de-risking” – and usually that means giving employees a chance to take a lump sum. For smarter and well-disciplined employees, this could be the opportunity of a lifetime.
Ask Ed Slott: IRA Annuities and Rollover, Recharacterization Rules,” (On Wall Street, April 25, 2014) More fallout from court ruling earlier this year.

Fiduciary – Starting All Over Again:
Check out Ron Rhoades’ Scholarly Financial Planner blog below for an update on this. But the answer remains the same.
Reframing the fiduciary debate,” (BenefitsPro, April 24, 2014) If the deck is stacked against you, don’t quit. Change the deck instead.

Fees – Helpful Hints:
The title has a number in it. It must e a great article (or link bait).
5 fee-related best practices for 401k and 403(b) plans,” (Employee Benefit News, April 22, 2014) And the best part about this list is that it limits its discussion on mutual fund expenses to “best class” and any individual fund.

Investments – Stupid is as Stupid Does:
Here we go again.
TDF investors more confident about investing,” (BenefitsPro, April 21, 2014) Who isn’t more confident about investing following a year where the market is up more than 30%? The real test will be the confidence level when the market goes down.
Why Target Date Fund Retirement Investors Save More,” (MainStreet, April 21, 2014) It turns out simplicity has its merits.

Major Plan Sponsor Moves and News:
What are other plan sponsors and fiduciaries doing with their plans? And how are participants responding? The latest in legal proceedings involving plan sponsors and fiduciaries.
Retiree Social Security Benefits to Be Wiped Out by Health Care Costs: Index,” (ThinkAdvisor, April 17, 2014)
Millennials Eschew Retirement Plans for Online Brokerage Accounts,” (Financial Planning, April 17, 2014)
Why Are So Many Boomers Working Longer?” (ThinkAdvisor, April 17, 2014)
Boomer Retiree Prospects Up Slightly, Study Says,” (Financial Advisor, April 21, 2014)
5 things to know about retirement plan rollovers,” (BenefitsPro, April 21, 2014)
Increasing Benefits Limits Does Not Encourage New Plans,” (PLANSPONSOR, April 21, 2014)
Why The IRS Wants You To Watch Your IRA Rollovers,” (Financial Advisor, April 24, 2014)

Wisdom from Some of Our Favorite Blogs:
The Trusted Advisor: Trust Fund Babies: The Pros and Cons of Trusts for Newborns |
Scholarly Financial Planner: Incredibly, the SEC Sets Forth Its View: Suitability Standard is the Same as Fiduciary Standard |
Proskauer’s ERISA Practice Center Blog: Unpaid Employer Contributions as Plan Assets: Expansion Of Liability Under ERISA |
Proskauer’s ERISA Practice Center Blog: Ninth Circuit Says Disability Plan Participant’s Claim Is Time-Barred |
Behavior Gap: Get Rich Slowly: How to Master Your Finances |
The Chicago Financial Planner: Investing: Time and Diversification are your Friends |
Behavior Gap Newsletter: What’s Your Path to Happiness? |
The Frugal Fiduciary: Small Business 401k Plan, Industry heavyweight SPARK, 408(b)(2) fee disclosure reform |

Hot Tips from Popular Web Resources:
NAPA Net: New DOL Fee Disclosure Rule Draws Industry Criticism |
NAPA Net: ‘Needs’ Assessment |
NAPA Net: GAO Reports Fewer Retirement Plans But More Participants |
NAPA Net: Top 12 Compliance Errors in DC Plans |
NAPA Net: Case of the Week: 408(b)(2) Service Provider Disclosures |
NAPA Net: Almost Half of Employers Say ACA Affects Their Retirement Plans |
NAPA Net: DC Participants Remained Committed, According to ICI Report |
NAPA Net: Valuation-Aware Portfolios: The Next Stage of Glide Path Evolution? |
NAPA Net: Questions to Consider with Auto Plan Features |
NAPA Net: Don’t Be Afraid, Be Ready |
NAPA Net: EBRI Research Shows Fewer Americans Saving For Retirement |

Miss anything? Feel free to add a comment below.


About Author

Christopher Carosa, CTFA

Christopher Carosa, CTFA


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment. Login is sponsored by…

Order Your From Cradle to Retirement book today!

Vote in our Poll


The materials at this web site are maintained for the sole purpose of providing general information about fiduciary law, tax accounting and investments and do not under any circumstances constitute legal, accounting or investment advice. You should not act or refrain from acting based on these materials without first obtaining the advice of an appropriate professional. Please carefully read the terms and conditions for using this site. This website contains links to third-party websites. We are not responsible for, and make no representations or endorsements with respect to, third-party websites, or with respect to any information, products or services that may be provided by or through such websites.