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Current outlook June 2017

June 20, 2017

With the Department of Labor’s fiduciary rule becoming “applicable” on June 9, 2017, in this current outlook we review the way in which it will apply during 2017, consider its significance for plan sponsors, and briefly review Congressional repeal proposals. Read More

Court dismisses fee complaint in White v. Chevron a second time

June 13, 2017

On May 31, 2017, the United States District Court for the Northern District of California dismissed, for the second time, plaintiffs’ complaint in White v. Chevron. We discussed the court’s 2016 decision in our article District Court dismisses Chevron fee complaint, rejects plaintiffs’ attack on use of retail share classes. In the 2016 decision, the court dismissed plaintiffs’ complaint for failure to state a claim but gave them leave to amend, and this 2017 decision is on plaintiffs’ amended complaint. Read More

The multiemployer plan financial crisis – effect on single employer plans

June 06, 2017

In this article, we outline the multiemployer plan financial crisis and discuss proposed solutions to it. At this point it seems likely that any ultimate solution (if there is one) will involve some sort of federal bailout. Read More

May 2017 Pension Finance Update

June 01, 2017

Pension plans managed to tread water last month, with assets and liabilities growing about 1% each during May for both model plans we track. Through the first five months of 2017, Plan A is ahead 2%-3%, while Plan B is up almost 1%. Read More

Acosta editorial and additional guidance on fiduciary rule

May 25, 2017

On May 22, 2017, Secretary of Labor Acosta published an Op-Ed in the Wall Street Journal discussing the Department of Labor’s process for reviewing its 2016 fiduciary rule. At the same time, DOL published Field Assistance Bulletin 2017-02, “Temporary Enforcement Policy on Fiduciary Duty Rule,” and a set of Frequently Asked Questions on how the rule will apply during the period from June 9, 2017 to January 1, 2018. Read More

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Latest News:

  • Current outlook June 2017 - Read More
  • Court dismisses fee complaint in White v. Chevron a second time - Read More
  • The multiemployer plan financial crisis – effect on single employer plans - Read More
  • May 2017 Pension Finance Update - Read More
  • Acosta editorial and additional guidance on fiduciary rule - Read More
  • Cash Balance Plan Design - Read More
  • ReDefined Benefit Plan™ - Read More