Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 16th, 2018
SEC Investor and Cyber Initiatives
The SEC continues to have concerns about certain practices that it views as contributing to two broad areas of misconduct, namely charging fees that are inadequately disclosed and recommending or trading in products and strategies that are plainly inappropriate under the circumstances. 
DOL Sues Retirement Plan Fiduciaries for Misusing Plan Assets
A federal district court judge entered a judgment requiring Michael Lewis, former president of Acme Orthotics and Prosthetic Laboratories Inc., to restore $128,535.75 in losses owed to the company’s Profit Sharing 401(k) Plan and Trust. Read more >
PBGC Increases Penalties for Failing to Provide Reports, Disclosures
The agency has issued a final rule adjusting the maximum civil penalties that it may assess under sections 4071 and 4302 of the Employee Retirement Income Security Act. Read more >
Court Finds Participants Failed to Meet Pleading Standards in HP Suit
The 9th Circuit ruled that a prudent fiduciary in the same circumstances as the defendants could view the proposed alternative course of action regarding company stock in Hewlett-Packard’s 401(k) plan as likely to cause more harm than good without first conducting a proper investigation. Read more >
MOST READ ARTICLES
1
Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit
2
Education About Tax Treatment and Fees Could Boost 401(k) Participation
3
AARP Launches Social Security Resource Center
4
Open MEPs Could Create Many Opportunities for Advisers
5
Retirement Industry People Moves
Sponsored message from Lincoln Financial Group
WHAT’S MORE IMPORTANT THAN RETIREMENT?
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 >
Retirement Industry People Moves
Allianz Hires Director for Marketing of Tools and Services; Colony Enacts Mergers with Bridgewater Wealth and BWA; Three Bell Capital Partners with BPM Advisors; and more.  Read more >
Achieving ‘Tax Clarity’ on Retirement Income Is Possible in 2018
“Understanding and discussing the tax impact of your investment and retirement account withdrawal recommendations is not the same thing as giving tax advice,” explains Joe Elsasser, president of Covisum. 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 >
Market Mirror
Friday, the Dow climbed 228.46 points (0.89%) to finish at 25,803.19, the NASDAQ gained 49.29 points (0.68%) to finish at 7,261.06, and the S&P 500 closed 18.68 points (0.67%) higher at 2,786.24. The Russell 2000 was up 5.18 points (0.33%) at 1,591.97, and the Wilshire 5000 increased 168.57 points (0.59%) to 28,917.67. The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.549%. The price of the 30-year Treasury bond was up 9/32, decreasing its yield to 2.855%. WEEK’S WORTH: For the week ending January 12, the Dow gained 2.01%, the NASDAQ closed 1.74% higher, and the S&P 500 was up 1.57%. The Russell 2000 climbed 2.05%, and the Wilshire 5000 increased 1.68%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

Subscribe to Adviserdash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund