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May 12, 2017

Parties Reach Settlement in Church Plan Challenge

A preliminary settlement has been reached in a case challenging the “church plan” status of pension plans for Franciscan Missionaries of Our Lady Health System. The plaintiff brought suit challenging the status of the plans and their exemption from the Employee Retirement Income Security Act (ERISA) and its minimum funding requirements. According to the settlement agreement, Franciscan will contribute $125 million to the plans in the next five years, in addition to other terms.Read more >


DOL Brings Fiduciary Responsibility Seminar to Illinois

The seminar will take a focus on fiduciary oversight, as well as protecting workers’ benefits.Read more >

Ask the Experts
David Levine and David Powell, with Groom Law Group, and Michael A. Webb, VP, Retirement Plan Services, Cammack Retirement Group, will field your questions concerning 403(b) plans and regulations. rebecca.moore@strategic-i.com with Subject: Ask the Experts. Answers may be printed in future (b)lines. This feature is to provide general information only, does not constitute legal advice, and cannot be used or substituted for legal or tax advice.


Form 990 Filing Deadline Approaching

Tax-exempt organizations that do not file can lose their tax-exempt status, which will affect eligibility to offer 403(b) plans.Read more >


Fixed-Income Holdings Should Inform TDF Series Selection

Fixed-income investments play a crucial role in overall target-date fund performance, but a new report suggests plan sponsors spend far more time thinking about the equity side.Read more >


State-Plans for Private Sector Likely to Charge Ahead

The moves by Congress to deny ERISA safe harbor to state- and city-run plans for private-sector workers won’t have a big effect so long as the fiduciary rule is also overturned, one provider CEO says.Read more >


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Editorial: Rebecca Moorerebecca.moore@strategic-i.com
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