Current Events

Current outlook – May 2017

May 03, 2017

In this Current outlook we discuss three recent Congressional developments: the confirmation of Secretary of Labor Acosta and Republican Congressional pressure on him to move aggressively on the review of DOL’s 2016 fiduciary rule; Congressional Review Act legislation repealing the Obama Administration’s state plan regulation; and (very briefly) the effect Affordable Care Act “repeal” legislation, passed by the House on May 4, 2017, would have on retirement savings tax incentives. Read More

Trump Administration tax reform proposal

May 01, 2017

On April 26, 2017, the Trump Administration announced a tax reform proposal. The proposal itself consists of a one-page outline of goals and individual income tax, corporate tax and simplification proposals. In this article we begin with an outline of the elements of tax reform that affect retirement savings tax incentives and then discuss very briefly the Administration’s proposal, identifying some of the key questions that at this point remain un-answered. Read More

April 2017 Pension Finance Update

April 30, 2017

Pension plans broke even in April and remain in positive territory through the first four months of 2017. Last month, rising stock markets neutralized the impact of higher pension liabilities (driven by lower interest rates) for both model plans we track. Through April, Plan A is up almost 3% and Plan B is up almost 1% so far this year. Read More

Money market and stable value fund litigation

April 25, 2017

In addition to (and, sometimes, as part of) plaintiffs’ 401(k) plan fee lawsuits, some plaintiffs have sued sponsors challenging the prudence (under ERISA) of the use of money market funds as capital preservation vehicles. Plaintiffs have also filed suits against providers and (in at least one case, a plan sponsor) challenging stable value fund investment strategy. In this article we briefly review the status of this litigation and discuss two recent “wins” for plan sponsors, in Bell v. Anthem and Barchock v. CVS. Read More

Viability of stock drop claims based on public information

April 24, 2017

On March 30, 2017, the United States District Court for the Eastern District of Missouri granted defendants’ motion to dismiss in Lynn v. Peabody Energy. Peabody is a “stock drop” case – a case in which defined contribution plan participants investing in a company stock fund sue after the company stock loses significant value. In this article we discuss the Peabody court’s decision, generally holding, under Fifth Third, that “impending bankruptcy” does not constitute “special circumstances” allowing such a suit. Read More

36-40 of 285<  ...  3  4  5  6  7  8  9  10  11  12  ...  >
Share this with your Colleagues:

Latest News:

  • Budget deal retirement savings provisions - Read More
  • January 2018 Pension Finance Update - Read More
  • DB funding and 2017 tax planning - Read More
  • PBGC finalizes regulation revising missing participant program - Read More
  • Current outlook – 2017 year in review - Read More
  • Cash Balance Plan Design - Read More
  • ReDefined Benefit Plan™ - Read More