Plaintiffs suggest their employer should have allowed a
single recordkeeper to service its traditional DC plan and its 403(b)—and that
it paid excessive fees by paying for distinct administrative services for each.
Forty-five percent of Baby Boomers expect their standard
of living will decrease in retirement; the vast majority of Generation X think
their generation will have a harder time achieving financial security than
Pre-retirees expect to live to age 85, but the latest SOA
mortality data finds that a 65-year-old male will live to age 86.6, while a
65-year-old female will reach age 88.8. Nonetheless, 55% of pre-retirees and
retirees do not anticipate living that long.
A recent case that defense attorneys likely believe is an
example of the maxim “bad facts make bad law” is Estate of Barton v. ADT Security Services Pension Plan, for which a
request for rehearing was recently denied.
What do retirement plan advisers view as their biggest challenges? Their greatest opportunities? What are the primary benefits they receive from custodians and broker/dealers? The 2016 PLANADVISER Practice Benchmarking Survey of 613 retirement plan advisers shares insights into these and other key questions—and gives you a guidepost to see how you compare with your peers.