Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 6th, 2019
Senators Propose Retirement Security Act of 2019
Among other provisions, the Senate bill would permit more businesses to join multiple employer plans, which the co-sponsoring Senators say would help lower retirement plan costs by permitting businesses to pool their buying power and otherwise share administrative fees. The bill enjoys early bipartisan support.  Read more >
SIMPLE Plan Modernization Act Introduced in Senate
Senators Susan Collins, R-Maine, chair of the Aging Committee, and Mark Warner, D-Virginia, have introduced the SIMPLE Plan Modernization Act to provide greater access to SIMPLE plans among small businesses. Read more >
DOL Fiduciary Responsibilities Seminar Coming to San Diego
In addition, the DOL has announced a “Getting It Right – Know Your Fiduciary Responsibilities” webcast series will be held March 12 through March 14. Read more >
MOST READ ARTICLES
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Walgreen Sued for Keeping Underperforming TDFs in 401(k)
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‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
3
SECURE Act Ensnared in Senate After Flying Through House
4
IRS Private Letter Ruling Solves Crucial Annuity Transaction Friction Point
5
The DOL’s Fiduciary Race Ahead of 2021
AssetMark Launches ‘Simple, Automatic’ Income Replacement Solution
The firm says its “academically informed” automated investment solution seeks to provide reliable cash flow distributions while extending the portfolio life of clients in retirement. Read more >
Retirees’ Biggest Financial Objective is Having Peace of Mind
A survey of retirees and employees ages 21 or older by T. Rowe Price found that retirees’ No. 1 financial objective is having peace of mind. Following that is maintaining an acceptable quality of life, managing day-to-day expenses, reducing debt and having a plan to convert assets into a stream of income. Read more >
The Case for Roths
These ‘delayed gratification’ plans offer benefits worth waiting for. Read more >
Market Mirror
Tuesday, the Dow gained 172.15 points (0.68%) to finish at 25,411.52, the NASDAQ climbed 54.55 points (0.74%) to 7,402.08, and the S&P 500 closed 12.83 points (0.47%) higher at 2,737.70. The Russell 2000 was up 2.69 points (0.18%) at 1,520.23, and the Wilshire 5000 increased 129.78 points (0.46%) to 28,362.59. The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.701%. The price of the 30-year Treasury bond increased 15/32, bringing its yield down to 3.032%.

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

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

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