What do you think of our site upgrade?
Hosting an industry conference? Ask us about including it in this ticker? Trending Topics for ERISA Plan Sponsors: Week Ending 9/8/17 Trending Topics for ERISA Plan Sponsors: Week Ending 9/8/17
September 11
02:17 2017

Welcome to 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. “When everybody’s a fiduciary…  no one is.”

FiduciaryNews Lead Story:
The Rise and Demise of Corporate Pension Plans,” (, September 6, 2017) Despite those imagined rosy memories, actual history shows, with a few notable exceptions, pensions were never as universal or as lucrative as imagined.

Compliance – And there they go again:
Banging their heads against the wall trying to figure out why it’s not working.
Closed DB Plan Nondiscrimination Relief Extended Further,” (PLANADVISER, September 5, 2017) Stay tuned for new regs.
Horseshoes, buggy whips, & pension plans: Carosa,” (BenefitsPRO, September 6, 2017) You don’t drive to work in a horse and buggy, so why would you risk your retirement on the nineteenth century equivalent of retirement savings vehicles?

Fiduciary – The Calm Before the Storm?:
Not a whole lot this week.

Fees – Been There, Done That…:
…got sued by Jerry Schlichter

Investments – So Have a Lot of Other Things:
What’s that about never stepping into the same river twice?
401k Portfolio Allocations Changed Dramatically Over 20 Years,” (PLANADVISER, September 5, 2017) Nix he company stock and nix the excessive trading.

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.
You’re Fired! 401k Plan Sponsor Satisfaction with Advisors,” (The 401(k) Specialist, August 30, 2017)
PBGC Offers Substantial Detail on Hurricane Harvey Relief,” (PLANADVISER, September 1, 2017)
401k Now ‘Table Stakes’ for Younger Workers,” (The 401(k) Specialist, September 1, 2017)
Advisers and Clients Face Difficult, Necessary Discussion about Aging,” (PLANADVISER, September 5, 2017)
6 Reasons Why We Love Health Savings Accounts,” (The 401(k) Specialist, September 5, 2017)
Ascension Agrees to Settle Acquired Entity’s Church Plan Suit,” (PLANADVISER, September 6, 2017)
Roth Tax Treatment Remains a Mystery for Many,” (PLANADVISER, September 6, 2017)
Provider Education Resources Enter the 21st Century,” (PLANADVISER, September 6, 2017)
ERISA Lawsuit Against Deutsche Bank Gains Class Certification,” (PLANADVISER, September 7, 2017)
IDL Investing Concept Makes Certain DB Plans More Desirable,” (PLANADVISER, September 7, 2017)

Trends and Truths for Retirement Savers:
If you’re a retirement plan fiduciary – whether a plan sponsor or a financial professional, don’t you think it’s a good idea to keep up on the topics retirement savers are most interested in? That’s what the media tries to do. Here’s what they think is on the mind of the people saving for retirement.
Collect Social Security at 62 and spousal at full retirement age?” (MarketWatch, September 1, 2017)
Why Every 50-Year-Old Should Be Maxing Out An HSA,” (Forbes, September 3, 2017)
The bucket approach to securing your retirement,” (Chicago Tribune, September 5, 2017)
401k money should be a last resort for Harvey victims, says financial analyst,” (Fox Business, September 5, 2017)
What is the Maximum Possible Social Security Benefit in 2017?” (Yahoo Finance, September 5, 2017)
Shock (Not)! Wealthy Have Higher 401k Account Balances,” (The 401(k) Specialist, September 6, 2017)
Many Women Say They Cannot Afford to Save for Retirement,” (PLANADVISER, September 7, 2017)
Want to retire 30 years early? Here’s how this guy did it,” (MarketWatch, September 9, 2017)
People Hope to Work Later in Life. Here’s the Reality,” (Wall Street Journal, September 9, 2017)

Wisdom from Some of Our Favorite Blogs:
Proskauer: DOL and IRS Issue Guidance for Employee Benefit Plans Impacted by Hurricane Harvey |
The Rosenbaum Law Firm P.C. Blog: DOL Kicks The Fiduciary Rule Further Down The Road |
The Rosenbaum Law Firm P.C. Blog: If they could do it to them, they’ll do it to you |
Nerd’s Eye View: The Problem With Using A Funded Ratio For Retirement |
Data “Points”: Storm “Warnings” |
Fred Reish: Interesting Angles on the DOL’s Fiduciary Rule # #60 |
Squared Away Blog: Why Many Retirees Choose Medigap |
The Retirement Plan Blog: SIMPLE vs. 401k: November 1 Deadline Approaching |
RetirementRevised: Report card on aging nations gives U.S. mixed grades |
Fi360: 5 Factors To Consider Before Adding Newer Investments To Fiduciary Accounts |

Hot Tips from Popular Web Resources:
Kiplinger: What to Do After Inheriting an IRA |
The Motley Fool: How to Protect Your Retirement Savings During Divorce |
NAPA Net: A Real Life Example |
NAPA Net: Gig Workers Compromising Financial Security for Flexibility |
NAPA Net: Which Plans Are – and Are Not – Covered by the Fiduciary Regulation? |
Kiplinger: Plan Retirement as Thoroughly as Your Vacation |
The Motley Fool: Should You Convert Your Retirement Savings to a Roth? |
NAPA Net: Warren (Again) Quotes Financial Firms in Challenging Fiduciary Rule Delay |
NAPA Net: Most, But Not All, Claims Move Forward in Excessive Fee Suit |
The Motley Fool: How to Shield Your Retirement Savings From the Next Market Crash |
NAPA Net: Edison to Cough Up Another $5.6 Million in Tibble Excessive Fee Suit |
NAPA Net: ‘Invisible’ Costs: A Drag on Investor Return? |
NAPA Net: Millennials Engaged in Retirement Saving, But Challenge Norms |
NAPA Net: Most DC Plan Participants Don’t Understand Roths, Survey Finds |
NAPA Net: Reader Poll: Recordkeeping Fees, Consolidation – It Depends |
NAPA Net: Are You Ready? |

Miss anything? Feel free to add a comment below.

About Author

Christopher Carosa, CTFA

Christopher Carosa, CTFA

1 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.