Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 9th, 2018
Cybersecurity and Benefit Plans
Another unresolved issue is whether private participant data is a plan asset under ERISA’s fiduciary duty provisions. While ERISA does not provide a general definition of “plan asset,” courts have followed the position of the DOL that notions of ordinary property rights address that question, but that analysis is of limited help with respect to private participant plan data. Read more >
SEC Fraud Charges Bring Settlements and Lifetime Industry Ban
More important than the fact that individual brokers or executives are being punished is the recognition that retirement plans and large institutional investors are routinely subject to fraud schemes.   Read more >
Provisions of Tax Reform Could Affect DB Plan Sponsor Strategies
Increased flexibility around cash and earnings may mean that some U.S. multi-nationals may not need to issue as many bonds going forward to fund buybacks, dividend increases, capital expenditures, etc. Just as more corporate DB plans are looking to add long-duration fixed income to their portfolios as funded ratios move higher from contribution activity, the new supply of long duration fixed income securities may decline. Read more >
J.P. Morgan Offers Sober Outlook Despite Market Highs
Many market participants are likely pleased with year-to-date results from their retirement accounts, but the outlook for market returns over the next 10 to 15 years remains less than inspiring. Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
AARP Finds Major Gap Between Retirement Goals and Preparedness
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
Sponsored message from Lincoln Financial Group
Retirement plan participants think they should be saving more, but day-to-day expenses, debts, and other competing priorities get in the way. See other common expenses and how Lincoln can help. Read more >
Bill Would Provide New Safe Harbor for Annuity Provider Selection
The bipartisan bill clarifies and strengthens existing rules to make it easier for retirement plan sponsors to provide guaranteed lifetime income products as part of their employee benefits. It intends to amend the Employee Retirement Income Security Act and lays out specific criteria for selecting an annuity benefit provider. Read more >
2018 PLANADVISER National Conference
Whether you’re looking for fresh perspectives, a new provider partner or even the next adviser teammate, PANC is the place to vault your practice to the next level. New this year will be the opportunity for advisers to earn their PLANSPONSOR Retirement Professional designation while at the conference! Read more >
Professional Groups
Professional groups such as law firms, engineering firms and medical practices have unique and potentially competing needs for their retirement plan. The highly compensated owners’ main worries are saving enough for retirement and reducing their tax liabilities, but they are also concerned about their employees. Read more >
Market Mirror
Yesterday, the Dow was down 12.87 points (0.05%) at 25,283.00, the NASDAQ closed 20.83 points (0.29%) higher at 7,157.39, and the S&P 500 was up 4.56 points (0.17%) at 2,747.71. The Russell 2000 increased by 1.80 points (0.12%) to 1,561.81, and the Wilshire 5000 gained 62.97 points (0.22%) to finish at 28,503.52. The price of the U.S. Treasury note was down 1/32, increasing its yield to 2.480%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 2.813%.
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