Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 2nd, 2019
Regulatory Highlights for Plan Advisers and Their Clients
The year that was brought significant regulatory developments from the Department of Labor, the Internal Revenue Service, the Securities and Exchange Commission and other government agencies. Read more >
Industry Groups Urge DOL to Expand MEP Proposed Rule
Several commenters argued that without changes, the proposed rule would have little impact on expanding retirement plan coverage for American workers. Read more >
Full 9th Circuit Panel Asked to Review Chevron ERISA Case
Plaintiffs in the case say the appellate court held them to stricter pleading standards than it did plaintiffs in other Employee Retirement Income Security Act lawsuits. Read more >
Ways to Talk to Participants About Equity Market Volatility
Aside from ensuring diversification, plan advisers can help refocus participants on their respective time horizons, whether it’s a Millennial looking at retirement 30 years down the line, or a Baby Boomer hoping to retire in the near term. Read more >
Most 403(b) Plan Sponsors Feel Responsible for Employees’ Financial Wellness
The 2018 PLANSPONSOR Defined Contribution Survey finds that 403(b) plan sponsors offer more formal financial education/guidance on a variety of topics than the overall 4,000 defined contribution (DC) plan sponsors surveyed. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
Sponsored message from John Hancock Retirement Plan Services
Connecting Wealth to Health in the Wellness Equation
Financial wellness is a bit of a conundrum. Its roots are in a person’s wallet, but when things go wrong, it can impact their health. As a result, employee benefit programs that don’t include a financial component may not be addressing a critical impediment to wellness. Read more >
2018 Delivered Key Decisions in ERISA Cases
ERISA lawsuits very often lead to settlements or dismissals, but 2018 brought a series of important and potentially precedent-setting decisions in both district and appellate courts. Read more >
Share Class Disclosure Failures Lead to SEC Settlements
According to the SEC, two firms will collectively pay more than $1.8 million for violations related to share class disclosure failures. Read more >
Rules Proposed for Risk Mitigation of Security-Based Swaps
The SEC says relationship documentation, portfolio reconciliation, and portfolio compression are important tools for increasing operational efficiency and reducing risk for security-based swaps entities. Read more >
The ERISA Advisory Council Asks DOL for Guidance on Cybersecurity
The council is asking the DOL to require sponsors to be familiar with the various security frameworks to protect retirement plan data. Read more >
Cash Balance Plan Clients Need Specialized Administrative Systems
Cash balance plan participants expect the same service and information from their pension plan as from a defined contribution plan. Read more >
Market Mirror
Monday, the Dow climbed 265.06 points (1.15%) to 23,327.46, the NASDAQ closed 50.76 points (0.77%) higher at 6,635.28, and the S&P 500 increased 21.11 points (0.85%) to 2,506.85. The Russell 2000 was up 10.63 points (0.79%) at 1,348.55, and the Wilshire 5000 gained 209.06 points (0.82%) to finish at 25,750.23. The price of the 10-year Treasury note increased 10/32, bringing its yield down to 2.683%. The price of the 30-year Treasury bond was up 8/32, decreasing its yield to 3.015%.
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