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Employee Benefits Jobs
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Webcasts and Conferences
Rising Rx Costs: Why Costs Are Increasing and What Plan Sponsors Should Do
RECORDED
Segal Consulting
What’s Next for Health Policy?
April 4, 2017 WEBCAST
Alliance for Health Reform
Bells and Whistles: The Truth about Medical Plan Add-Ons
April 7, 2017 WEBCAST
Littler Mendelson
How to Understand and Manage Liability Exposure for 401(k) Committee Members
April 11, 2017 in IL
Drinker Biddle & Reath LLP
Selling the Business to Your Employees Using an Employee Stock Ownership Plan (ESOP)
April 12, 2017 WEBCAST
Ohio Employee Ownership Center
Developments in Executive Compensation, Fringe Benefits, and Information Reporting: Advance Planning to Reduce Audit, Class Action, and Whistleblower Challenges
April 13, 2017 in NY
Morgan Lewis & Bockius LLP
Insights from the 2016 Mercer National Survey of Employer-Sponsored Health Plans
April 19, 2017 in MO
Worldwide Employee Benefits Network [WEB] - St. Louis Chapter
403(b) Plans for 401(k) Administrators: Part 1
May 9, 2017 WEBCAST
FIS Relius Education
403(b) Plans for 401(k) Administrators: Part 2
May 10, 2017 WEBCAST
FIS Relius Education
403(b) Plans for 401(k) Administrators: Part 3
May 11, 2017 WEBCAST
FIS Relius Education
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Hospital Pension Plans Seek Relief in Supreme Court
"The oral arguments at the U.S. Supreme Court over the ability of religiously affiliated hospitals to treat their pension plans as 'church plans' amounted to a 60-minute catechism on statutory interpretation and legislative history ... Despite lurking questions of agency deference and church-state entanglement, the justices and attorneys on March 27 stuck closely to the question presented by the cases: Must a benefit plan be initially established by a church to qualify as a 'church plan' exempt from [ERISA]?" [Advocate Health v. Stapleton, Nos. 16-74, 16-86, 16-258 (consolidated cases argued Mar. 27, 2017)]
Bloomberg BNA
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Raising the Bar: Supreme Court Resets the Standard for Some ERISA Fiduciaries (PDF)
"Until recently, plan fiduciaries had a legal presumption of prudence for their actions in connection with retirement plans containing company stock. The change ... emerged through the Amgen case and another decision, Fifth Third v. Dudenhoeffer ... If the court had only removed the presumption of prudence, it would have made it easier for plaintiffs to sue fiduciaries in stock drop cases. However, coupled with its newly articulated 'plausibility' test, a plaintiff's complaint will need to set forth much more detail to survive a defendant's motion to dismiss."
Lockton
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DOL Fiduciary Rule Delay Sent to OMB
"The [DOL] is finished with its final rule mandating a 60-day delay in its controversial fiduciary rule. The DOL sent the final rule to the Office of Management and Budget [on March 28]. Once OMB reviews the rule and signs off, normally a short process, it will be published in the Federal Register and become effective. That is expected to happen well in advance of the fiduciary rule's April 10 applicability date."
InsuranceNewsNet.com
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Understanding Your Fiduciary Role
This 23-minute audio uses the latest findings from JPMorgan's biennial plan sponsor survey to discuss plan sponsors' understanding of their fiduciary responsibilities to the plan and its participants.
J.P. Morgan Asset Management
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At BlackRock, Machines Are Rising Over Managers to Pick Stocks
"On [March 28] BlackRock laid out an ambitious plan to consolidate a large number of actively managed mutual funds with peers that rely more on algorithms and models to pick stocks.... The initiative is the most explicit action by a major fund management firm in reaction to the exodus of investors from actively managed stock funds to cheaper funds that track every variety of index and investment theme."
The New York Times; subscription may be required
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Robo-Advisers Want the Fiduciary Rule, but Not the Litigation Risk
"Robo-advisers ... stand to win a lot of business even if the [DOL] fiduciary rule they avidly support is revised or scrapped. But as the number of retirement savers using robo-advisers increases, it's also creating the potential for those savers to lose a mechanism they might lean on to enforce their rights: class actions. That's because many robo-advisers require their customers to arbitrate disputes and give up their right to class actions -- one of the very things the fiduciary rule is attempting to curtail."
Bloomberg BNA
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[Opinion]
NJ Pension Proposal Would Exacerbate Pension Problems
"State legislators worried about New Jersey's deep pension debt are contemplating turning over administration of one of the largest retirement funds to workers and retirees. The idea behind the move sounds simple: Workers and retirees, who are beneficiaries of the system, can be relied on to run it well. The only problem is that this has already been tried around the country and has helped create some of the nation's biggest pension fiascos, as workers and unions have managed pensions for their benefit, leaving taxpayers on the hook for huge losses. This is not the kind of reform that Jersey residents facing tens of billions of dollars in pension debt need."
Philadelphia Inquirer
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Benefits in General
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Administrative Exhaustion as a Defense to Statutory ERISA Claims? Not So Much.
"[T]he Sixth Circuit joined six other circuit courts in holding that ERISA claims that seek vindication of statutory ERISA rights pertaining to the legality of a plan amendment, as opposed to an interpretation of the plan, are not subject to administrative exhaustion requirements. The Sixth Circuit joined the Third, Fourth, Fifth, Ninth, Tenth, and D.C. Circuits in so holding, while the Seventh and Eleventh Circuits require administrative exhaustion even where plaintiffs assert statutory rights." [Hitchcock v. Cumberland Univ. 403(b) DC Plan, No. 16-5942 (6th Cir. Mar. 14, 2017)]
Seyfarth Shaw LLP
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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587. Copyright 2017 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
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