Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 18th, 2018
Adviser Choices on Participant-Level Fiduciary Recommendations
Plan sponsors do not need to offer, or facilitate offering, investment advice to participants if they are afraid to, based on fiduciary concerns. “But some sponsors really want to make sure they do everything they can for their participants—and that’s both a blessing and a curse for those sponsors,” says Jason Rothman, managing consultant at consulting firm Findley Davies in Cleveland. Read more >
Checking in With Verizon Pensioners Post Risk Transfer
PLANADVISER interviewed a spokesperson for a large group of Verizon retirees back in 2015, shortly following their defeat in appellate court in a case challenging the merits of pension risk transfers; we catch back up with Jack Cohen to talk shop and ask, how have things been going post annuitization? Read more >
New Plaintiff Adds Claims to University of Chicago 403(b) Suit
What the University of Chicago may have seen as a small win in the lawsuit alleging fiduciary violations of the Employee Retirement Income Security Act in the administration of its 403(b) plans was short-lived, based on a new federal district court decision. Read more >
Diverse Buyers Capitalize on ‘Fragmented, Dispersed’ RIA Market
Working with platform consolidators, advisers gain access to branded platforms that offer rented services, such as technology, finance, investment support, marketing, and compliance. This could be an advantage for advisers who are wary of giving up equity. Read more >
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Sponsored message from Ascensus
Steve Christenson discusses HSA Myths and Misconceptions Click to view. Read more >
Participants Need Education Before Setting a Retirement Draw Down Strategy
“You have to be healthy to enjoy retirement to begin with. Health is the most important component. People are living longer but it’s important for them to live a healthier longer lifestyle. If you don’t then you have a lot more medical expenses in retirement. We help them plan towards a longer lifestyle so they never run out of money.” Read more >
Pre-Retirees and Retirees Express Concerns Over Retirement Readiness
Most are not currently consulting with a financial professional, but retirees report a moderate amount of interest and pre-retirees a high amount of interest in receiving support and education on a variety of finance-related topics. Read more >
Some Millennial Retirement Expectations Unrealistic
One-third say they plan to save $200,000 or less to be comfortable in retirement; they only expect to live to age 81; and very few feel they will end up in an assisted living facility, according to a survey. 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
Wednesday, the Dow climbed 322.79 points (1.25%) to 26,115.65, the NASDAQ gained 74.59 points (1.03%) to finish at 7,298.28, and the S&P 500 closed 26.14 points (0.94%) higher at 2,802.56. The Russell 2000 was up 13.69 points (0.87%) at 1,586.66, and the Wilshire 5000 increased 264.84 points (0.92%) to 29,047.16. The price of the 10-year Treasury note was down 11/32, increasing its yield to 2.577%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.848%.

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

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

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