Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 7th, 2019

Assessing Likely Impacts of IRS Hardship Withdrawal Rule Changes

New rules established by Congress and the IRS simplify the process for participants to request a hardship withdrawal of DC plan assets; some experts say this could increase “leakage,” while others anticipate more positive effects, such as lower debt among cash-strapped participants. Read more >
Court Sides With MassMutual in Stable Value Fund Lawsuit
A federal district court judge has enjoined a retirement plan participant from filing a claim against Massachusetts Mutual Life Insurance Company over the “spread” its stable value fund offering received. Read more >
Court Dismisses Exxon Mobil Stock Drop Suit
After giving plaintiffs a second chance at offering alternative action Exxon could have taken, the court again found the suggested action was something plan fiduciaries could believe would do more harm than good.  Read more >
House Ways and Means Committee Talks Retirement Reforms
A panel of expert witnesses from across the financial services domain discussed shortcomings and opportunities for improvement in the U.S. retirement savings system; they urged House members to embrace bipartisanship and commonsense solutions. Read more >
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Sponsored message from Invesco
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Cetera Makes Advice Available for HSAs
It is expanding its retirement plan advice and consulting platform to HSAs and other non-ERISA employer-sponsored plans. Read more >
The SEC on Rollovers
The SEC says that an RIA is a fiduciary with duties of loyalty and care. That applies to all advice, including recommendations to take money out of a plan and roll it into an IRA with the adviser.  Read more >
Market Mirror
Wednesday, the Dow was down 21.22 points (0.08%) at 25,390.30, the NASDAQ fell 26.80 points (0.36%) to 7,375.28, and the S&P 500 closed 6.09 points (0.22%) lower at 2,731.61. The Russell 2000 decreased 2.21 points (0.15%) to 1,518.02, and the Wilshire 5000 lost 69.98 points (0.25%) to finish at 28,292.62. The price of the 10-year Treasury note was unchanged, with its yield down to 2.700%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 3.036%.

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

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