Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 25th, 2019

PLANSPONSOR Retirement Plan Adviser of the Year Finalists

What makes a great retirement plan adviser? As the 2019 PLANSPONSOR Retirement Plan Adviser of the Year finalists so successfully prove, top professionals in this field have a commitment to driving excellent retirement plan design and outcomes for plan sponsor clients and participants.  Read more >
Fidelity Faces ERISA Prohibited Transaction Charges in New Lawsuit
The lawsuit accuses Fidelity of requiring “secret” payments from funds to make up for declining amounts of revenue sharing payments received by the firm as a result of the increasing use of passive mutual funds, institutional and R6 share classes of mutual funds and collective trusts Read more >
Parties in Anthem ERISA Fee Litigation Propose Settlement
Fiduciary defendants were accused of allowing unreasonable expenses to be charged to participants for administration of the plan and of retaining high-cost and poor-performing investments. Read more >
GAO Recommends IRS Reconsider Rollover Rules for Retirement Accounts Claimed From States
The GAO notes that the IRS has not taken action to ensure that individuals who claim retirement savings from a state can roll over these savings to other tax-deferred retirement accounts after the IRS’s 60-day deadline, and is concerned that, “Account owners who are unable to roll over their reclaimed savings forgo the opportunity to continue investing the funds on a tax-deferred basis.” Read more >
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Hub International’s Ambitious Vision for the Retirement Market
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AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit
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2020 Contribution and Benefit Limits Announced
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IRS Proposes Changes to Tables Used in RMD Calculations
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AllianceBernstein to Close its Mutual Fund Target-Date Series
Sponsored message from Securian
Fiduciary outsourcing: Understanding the options
Explore fiduciary outsourcing options that simplify plan operations and investments while mitigating risk. Read more >
Retirement Industry People Moves
Cetera CEO steps down due to health concerns; Wilshire announces series of promotions and hires; DWS Group adds investment solutions head: and more. Read more >
Your Message, Set in Film
Videos are a powerful way to communicate with participants Read more >
Market Mirror
Friday, the Dow closed 181.18 points (0.70%) higher at 26,031.81, the NASDAQ gained 67.84 points (0.91%) to finish at 7,527.55, and the S&P 500 was up 17.79 points (0.64%) at 2,792.67. The Russell 2000 climbed 14.51 points (0.92%) to 1,590.06, and the Wilshire 5000 increased 187.01 points (0.65%) to 28,986.31. The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.653%. The price of the 30-year Treasury bond climbed 23/32, decreasing its yield to 3.013%. WEEK’S WORTH: For the week ending February 22, the Dow was up 0.57%, the NASDAQ gained 0.74%, and the S&P 500 increased 0.62%. The Russell 2000 climbed 1.33%, and the Wilshire 5000 finished 0.63% higher.

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

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