Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 17th, 2018
Consumer Trust in Advisers Shaped By Memberships, Experience
Thirty-five percent of Americans surveyed by Million Dollar Round Table say their trust would increase in financial professionals if they can demonstrate they are active members of industry associations. Advisers may also want to stress their roots and experience in the industry, given that 54% of survey respondents say they have greater trust in professionals with “at least several years of work experience.” Read more >
Zero/Zero Share Classes Hit $1.2t
Regardless of what comes to bear with the Department of Labor fiduciary rule—full implementation and enforcement, total repeal or, as is the case now, something in between—its influence is already clearly seen across the industry.  Read more >
Vanderbilt University 403(b) Plans Suit Pared Down
Chief United States District Judge Waverly D. Crenshaw, Jr. of the U.S. District Court for the Middle District of Tennessee dismissed some claims, but moved forward others pertaining to the Vanderbilt University Retirement Plan and the Vanderbilt University New Faculty Plan. Read more >
Clashing Financial Priorities Can Derail Participants
Experts noted that the “end-to-end journey for a single participant experience with a given provider will have between 100 and 200 points of inflection across the consumer lifecycle.” By focusing on delivering the right educational content at the right time to the right people, plan providers and employers have a tremendous opportunity to improve overall outcomes, they agreed. Read more >
Confusion Abounds After Fifth Circuit Decision Vacates DOL Fiduciary Rule
Nearly Three-Quarters of Boomers Want to Delay Retirement
Will SCOTUS Decide the Fate of the DOL Fiduciary Rule?
Many Americans Would Forego Social Security Payments for Student Loan Debt Forgiveness
DISRUPTION: Insider Service and Strategy Talk With PGIM
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Employer Contributions to 401(k)s Show Steady Increase
Ascensus data shows the number of employers funding employer contributions increased from 53% in 2013 to 81% in 2016, and data gathered from Strategic Insight finds the amount of employers contributions have increased from $108.1 billion in 2010 to $139.2 billion in 2016. Read more >
SPARK Publishes RFP Guide Update for Advisers and Clients
According to Tim Rouse, executive director of The SPARK Institute, his organization developed the guide to assist advisers, consultants and plan sponsors alike. Using the guide, these professionals can streamline and professionalize the important task of preparing and evaluating requests for proposal (RFPs) for 401(k) and other defined contribution retirement plans. Read more >
From the Magazine: The Simplest Fix
“Without the opportunity to touch the money, employees put it aside, and it grows without interference. This concept of payroll deduction and putting money aside before the earner can access it is also why the concept of leakage challenges the industry so much. Most people who have ever gone through a retirement plan rollover can attest to the challenges of having checks cut to them and having to move the money themselves from one account to the next.” Read more >
Market Mirror
Yesterday, the Dow was down 10.33 points (0.04%) at 25,792.86, the NASDAQ lost 37.00 points (0.51%) to finish at 7,224.00, and the S&P 500 decreased 9.82 points (0.35%) to 2,776.42. The Russell 2000 fell 19.00 points (1.19%) to 1,572.97, and the Wilshire 5000 closed 135.35 points (0.47%) lower at 28,782.32. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.540%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.829%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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