February Benefits Brief

The Importance of Clear Documentation

The recent George v. Kraft Foods Global, Inc. decision should serve to remind plan sponsors of the importance of maintaining a clear record of the fiduciary decision-making process, including the conclusion. A recent decision in Cigna v. Amara points to the need for clarity in drafting participant communications.

A Look at Case Law for Important Plan Documentation Reminders - Ice Miller, LLP


Continued Demand for a 403(b) Prototype Program 

The IRS continues to drag its feet on including 403(b) plans in their prototype program. Two key industry groups recently sent a letter to the IRS outlining the need for inclusion.

Groups Ask IRS Not to Abandon 403(b) Prototype Program - PlanSponsor.com


Final Fee Disclosure Rules Announced 

The Multnomah Group recently released our FAQ on the final fee disclosure regulations announced earlier this month.

FAQ: Final Fee Disclosure Regulations - Multnomah Group


Employees Want Simple Guidance on Their Retirement Plan 

The ongoing market volatity has made many participants anxious about their retirement accounts. More employees are looking to their employers for simple guidance. This article outlines four ways plan sponsors can improve their participants' experience. 

Four Retirement Plan Features Employers Need to Emphasize - BenefitsPro


How Well Do You Know Your Retirement Plan? 

Pensions & Investments reviewed several recent surveys of plan sponsors, and found a surprising number of executives didn't understand key components of their retirement plan. Fees, target date funds, and ERISA duties were among the many areas of concern noted in their review. 

DC Execs Clueless About Key Plan Data - Pensions & Investments

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