401(k) Specialist Issue 3 - 2022 - 7
401(k) NEWS YOU CAN USE
Nearly Half of Plan Sponsors Considering
Changing Advisors, Recordkeepers
COMPETITION AMONG PLAN advisors and recordkeepers is reaching
an all-time high, with 47% of plan sponsors considering a new
401(k) advisor and 48% considering a change of recordkeepers.
This is according to the 13th edition of Fidelity Investments' Plan
Sponsor Attitudes Study, which found that in 2022, plan sponsors
are the most active they have been in years when making significant
changes to their retirement plans.
Fidelity's study found that 88% of plan sponsors responding to
the survey are planning to make changes to plan design, and 93%
are planning to make changes to their investment menu lineup.
The percentage of sponsors planning lineup changes in 2022
increased in 14 of the 16 categories presented in the survey. The
bottom line? Plan sponsors aren't afraid to make changes
right now in search of better service and outcomes for
participants.
ONLINE
EXTRA
Fund Industry Opposes ESG Truth in
Labeling Regs
THE INVESTMENT COMPANY INSTITUTE (ICI) is all for honest
environmental, social and governance (ESG) disclosure but doesn't
believe the Securities and Exchange Commission's (SEC) latest
attempt will help.
The mutual fund and ETF industry organization released a statement
from ICI President Eric Pan regarding the SEC's proposal to
rein in misleading ESG practices.
" ICI fully supports regulatory measures to address concerns
around greenwashing, " Pan said. " We believe it is critical that investors
understand the differences between environmental, social, and
governance (ESG) funds and non-ESG funds. ICI members aim to
provide funds that meet a range of investor objectives. We recognize
that confusion over ESG is undesirable to those investors who
want to pursue ESG-related investment strategies and those who
do not. "
Yet, he added that the SEC's disclosure proposal is too complex
and risks sowing confusion among investors while imposing significant
compliance burdens on funds.
ICI recommended that funds -and not the SEC-determine their
principal investment strategies and proactively state if they focus
on one or more ESG factors in selecting investments. Such funds
would then be opting-in to the enhanced disclosures.
ISSUE 3 2022 | 401kSpecialist.com
7
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401(k) Specialist Issue 3 - 2022
Table of Contents for the Digital Edition of 401(k) Specialist Issue 3 - 2022
Table of Contents
401(k) Specialist Issue 3 - 2022 - Cover1
401(k) Specialist Issue 3 - 2022 - Table of Contents
401(k) Specialist Issue 3 - 2022 - 1
401(k) Specialist Issue 3 - 2022 - 2
401(k) Specialist Issue 3 - 2022 - 3
401(k) Specialist Issue 3 - 2022 - 4
401(k) Specialist Issue 3 - 2022 - 5
401(k) Specialist Issue 3 - 2022 - 6
401(k) Specialist Issue 3 - 2022 - 7
401(k) Specialist Issue 3 - 2022 - 8
401(k) Specialist Issue 3 - 2022 - 9
401(k) Specialist Issue 3 - 2022 - 10
401(k) Specialist Issue 3 - 2022 - 11
401(k) Specialist Issue 3 - 2022 - 12
401(k) Specialist Issue 3 - 2022 - 13
401(k) Specialist Issue 3 - 2022 - 14
401(k) Specialist Issue 3 - 2022 - 15
401(k) Specialist Issue 3 - 2022 - 16
401(k) Specialist Issue 3 - 2022 - 17
401(k) Specialist Issue 3 - 2022 - 18
401(k) Specialist Issue 3 - 2022 - 19
401(k) Specialist Issue 3 - 2022 - 20
401(k) Specialist Issue 3 - 2022 - 21
401(k) Specialist Issue 3 - 2022 - 22
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401(k) Specialist Issue 3 - 2022 - 24
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401(k) Specialist Issue 3 - 2022 - 27
401(k) Specialist Issue 3 - 2022 - 28
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401(k) Specialist Issue 3 - 2022 - 30
401(k) Specialist Issue 3 - 2022 - 31
401(k) Specialist Issue 3 - 2022 - 32
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401(k) Specialist Issue 3 - 2022 - 34
401(k) Specialist Issue 3 - 2022 - 35
401(k) Specialist Issue 3 - 2022 - 36
401(k) Specialist Issue 3 - 2022 - 37
401(k) Specialist Issue 3 - 2022 - 38
401(k) Specialist Issue 3 - 2022 - 39
401(k) Specialist Issue 3 - 2022 - 40
401(k) Specialist Issue 3 - 2022 - 41
401(k) Specialist Issue 3 - 2022 - 42
401(k) Specialist Issue 3 - 2022 - 43
401(k) Specialist Issue 3 - 2022 - 44
401(k) Specialist Issue 3 - 2022 - Cover3
401(k) Specialist Issue 3 - 2022 - Cover4
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