Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 8th, 2018 Exclusive
Strategic Perspective Is a Key Commodity During Bouts of Volatility
Data from the Alight Solutions 401(k) Index already shows participants are reacting poorly to this latest round of stock market volatility, with trading activity described by researchers as “exceptionally high” over recent days. Read more >
'Forced' Factors Can Derail Plans to Retire Later
While Prudential found pre-retirees seem well-aware of risk factors that could force them to retire earlier than hoped or expected, study results show they could benefit from a more realistic financial plan. Read more >
Participants Achieved Six-Figure Average 401(k) Balance in 2017
The average Fidelity 401(k) account balance rose to $104,300 by year’s end, finishing 2017 fully 13% higher than the close of 2016. The average IRA balance climbed to $106,000, which is also a 13% year-over-year increase. Read more >
Adviser Choices on Participant-Level Fiduciary Recommendations
Plan sponsor clients 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 >
The New Vesting Schedule Debate
Why Are Financial Services Firms Looking to Wealth Management Leaders?
The Future of Work in the Investment Industry
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
A Reminder to Avoid Fraudulent Hardship Withdrawals
Sponsored message from Ascensus
The Future of the Health Savings Account
Click to watch this video. Read more >
Facial Recognition Can Be Used to Access RetireSMART App
Massachusetts Mutual Life Insurance Co. is now allowing Apple iPhone X users to employ facial recognition as a secure password to information about their 401(k)s and other defined contribution savings plans. Read more >
Advisers Need To Charge a Level Fee
There is another definition of fiduciary under the IRC and ERISA that says a person is a fiduciary when he provides investment advice for a fee. The new DOL fiduciary regulation significantly expands the activities that constitute fiduciary advice. The DOL’s expanded definition includes recommendations to a plan participant to take a distribution from a plan and roll it over to an IRA. Read more >
Market Mirror
Wednesday, the Dow was down 19.42 points (0.08%) at 24,893.35, the NASDAQ lost 63.90 points (0.90%) to finish at 7,051.98, and the S&P 500 closed 13.48 points (0.50%) lower at 2,681.66. The Russell 2000 was virtually unchanged at 1,507.97, and the Wilshire 5000 decreased 105.99 points (0.38%) to 27,824.86. The price of the 10-year Treasury note was down 8/32, increasing its yield to 2.833%. The price of the 30-year Treasury bond decreased 23/32, bringing its yield up to 3.105%.
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