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Retirement Plans Newsletter

November 19, 2021

3 New Job Opportunities 3 New Job Opportunities


Judge Gives Plaintiffs in LinkedIn ERISA Suit Another Chance

"[The District Court judge] agreed with LinkedIn's argument that the plaintiffs have not alleged that any of them actually invested in any of the challenged funds and therefore fail to allege concrete facts demonstrating an injury-in-fact under the standards set by the U.S. Supreme Court in Thole v. U.S. Bank N.A. ... But to the extent that the plaintiffs' claims are based on excessive management fees, [the judge] said, they need not plead their individual investment in any particular fund if those management fees were charged to all plan participants regardless of participants' specific investments." [In re LinkedIn ERISA Litigation, No. 20-5704 (N.D. Cal. Nov. 16, 2021)]  MORE >>

PLANSPONSOR; free registration may be required

Update on Retirement Policy Provisions of the Build Back Better Act

"The BBBA includes certain changes to the Internal Revenue Code's corporate tax structure, notably a new corporate alternative minimum tax (AMT) which raises a question about the treatment of pension income. It also includes tighter rules with respect to Roth conversions and individuals with large IRA and defined contribution plan accounts."  MORE >>

October Three Consulting

Continuous Improvement Through Investment Menu Review: A Case Study

"Investment menu design is a key fiduciary responsibility that each retirement plan committee will undertake. Committees and their advisors combine investment theory with behavioral finance to develop a set of investment options used by a diverse group of participants with varying levels of investment knowledge, interest, and time to dedicate toward developing their personal investment strategy. Each committee should establish a fundamental set of beliefs relative to the construction of an investment menu."  MORE >>

Multnomah Group

Privacy Notices and Retirement Plans

"At this time, there is no federal requirement for recordkeepers of qualified retirement plans to issue privacy notices to plan participants.... In practice, ... some third-party administrators (TPAs) who administer both health plans [regulated by HIPAA] and retirement plans (regulated by [ERISA]) have adopted similar security protection practices for both areas, including sending out Privacy Notices."  MORE >>

The Retirement Advantage

The IRA Investor Profile: Roth IRA Investors' Activity, 2010–2018 (PDF)

96 pages. "Even though contribution rates among consistent Roth IRA investors aged 26 or older in 2018 declined in each year between tax year 2011 and tax year 2018, about 45 percent made at least one contribution in that eight-year period.... Withdrawal rates rose slightly between 2011 and 2018, but still only a very small fraction of Roth IRA investors took money out of their Roth IRAs."  MORE >>

Investment Company Institute [ICI]

Total Annuity Sales Rose 12% in the Third Quarter

"[N]early half of all retail annuity sales (49%) used nonqualified assets ... [S]ignificant increases in nonqualified sales through all deferred annuity product lines, a key indication that tax deferral is a significant driver of growth in 2021."  MORE >>


Article Misses the Point on the Oklahoma Pension Study

"On November 4th, the Oklahoma House of Representatives held an interim study committee meeting on the effectiveness of pensions in the state of Oklahoma.... [An article in Tulsa World] missed the overall conclusion of the study: Oklahoma's pension funds are on solid financial footing, they provide an essential benefit to our state's local economies, and are far better than defined-contribution 401(k)-style plans."  MORE >>

National Public Pension Coalition [NPPC]

Employee Benefits Jobs

View job as Customer Experience Specialist
for AimPoint Pension Customer Experience Specialist

AimPoint Pension


View job as Customer Experience Specialist
for AimPoint Pension

View job as Pension Consultant
for Pension Associates Pension Consultant

Pension Associates

Remote / Stamford CT

View job as Growth Support Specialist
for PAi Retirement Services, A Newport Company Growth Support Specialist

PAi Retirement Services, A Newport Company

Remote / De Pere WI / Sioux Falls SD

Press Releases

Fidelity Investments Launches Guaranteed Income Direct to Help Workers Convert 401(k) and 403(b) Savings Into Annuities at Retirement

Fidelity Investments

Report Now Available: United States Health and Medical Insurance Market: Growth, Trends, COVID-19 Impact, and Forecasts (2021-2026)

Epstein Becker Green Reports Telemental Health’s Influence Grows Throughout COVID-19 Pandemic

Epstein Becker & Green

Webcasts and Conferences
(Retirement Plans / Executive Compensation)

Year-End 2021 Financial Planning For Equity Comp

December 2, 2021 WEBCAST

Beyond the Headlines: Plan Sponsor Predictions for 2022

December 14, 2021 WEBCAST

CAPTRUST Financial Advisors

The 2021 Annual ERISApedia Ethics Broadcast!

December 21, 2021 WEBCAST

Executive Compensation Planning for Pre-IPO Companies: Considerations for Employee Benefits and Corporate Counsel

January 26, 2022 WEBCAST


Last Issue's Most Popular Items

2022 Compliance Calendar for Retirement Plans (PDF)


Procedures for Tracking Required Plan Amendment Compliance for Individually Designed Retirement Plans

Foley & Lardner LLP

Significant Retirement Reform Ahead: Key Takeaways from the Anticipated SECURE Act 2.0 of 2021 (PDF)

Davis & Gilbert LLP, via Employee Relations Law Journal

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BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

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