Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 20th, 2019

2019 PLANADVISER Micro Plan Survey

The micro plan market, which the 2019 PLANADVISER Micro Plan Survey defines as plans with under $5 million in assets, offers many opportunities for advisers. For one, they can help improve these plans, which lag behind larger plans in many key areas of design. Interesting is that 62%, looking at, for example, the $1 million to $5 million group, already work with an adviser—indicating that advisers should be more proactive. Read more >
Franklin Templeton to Pay Over $13 Million to Settle Self-Dealing Lawsuit
In addition, the company will select a non-proprietary target-date fund (TDF) for its 401(k) investment lineup and increase the company match contribution rate for three years. Read more >
Debt Weighs Heavily on Millennials
Managing debt is the No. 2 financial concern of Millennials with investable assets of $100,000 or more, cited by 31%, according to the Advisor Authority Study commissioned by Nationwide Advisory Solutions. Read more >
Lincoln Financial Group Launches ‘IRA Income Plus’ Annuity Rider
Lincoln Financial Group has introduced the “Lincoln IRA Income Plus” optional benefit rider, designed to help owners of Lincoln variable annuities maximize their retirement income on qualified savings being drawn from individual retirement accounts. Read more >
Principal Reveals Eagerly Awaited Wells Fargo Platform Integration Strategy
SECURE Act Ensnared in Senate After Flying Through House
Jumbo Imprudence Alleged in H.E. Butt ERISA Challenge
Fiduciary Advisory Firms Sue to Block SEC’s Reg BI
MIT ERISA Lawsuit Parties Announce Settlement
Forward Focus
It is becoming “table stakes” for a retirement plan adviser to offer not just 3(21) fiduciary services, but 3(38) fiduciary services as well, says Brian Hanna, senior retirement plan consultant at Everhart Advisors in Dublin, Ohio. Read more >
Principal Pairs Financial Wellness with Voice Activation
Principal Flash Briefing, the firm’s financial wellness platform, relies on Alexa. Read more >
Market Mirror
Tuesday, the Dow climbed 8.07 points (0.03%) to 25,891.32, the NASDAQ was up 14.36 points (0.19%) at 7,486.77, and the S&P 500 increased 4.16 points (0.15%) to 2,779.76. The Russell 2000 closed 5.22 points (0.33%) higher at 1,574.47, and the Wilshire 5000 gained 58.16 points (0.20%) to finish at 28,862.45. The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.632%. The price of the 30-year Treasury bond was up 10/32, decreasing its yield to 2.979%.

Editorial: Alison Cooke Mintzer


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