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Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR

February 27th, 2019

Student Loan Debt Relief and the IRS

The IRS examines the case of a company offering a 401(k) plan under which, if an eligible employee makes an elective contribution to the plan during a payroll period equal to at least 2% of eligible compensation, the plan sponsor makes a matching student loan repayment contribution on behalf of the employee equal to 5% of the employee’s eligible compensation.
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Sandwich Generation Hard Pressed to Save for Retirement and Emergencies

Members of the sandwich generation, those between the ages of 36 and 60, are hard pressed to save for retirement or emergencies, primarily due to the strain of supporting other family members, according to a survey by PNC Financial Services Group. Read more >

IRS Asks for Comments Regarding 403(b) Plan Auto Enrollment

The request regards information collection for Revenue Ruling 2000-35, which describes certain criteria that must be met before an employee’s compensation can be reduced and contributed to an employee’s section 403(b) plan in the absence of an affirmative election by the employee. Read more >

Americans Fear Nation Faces a Retirement Crisis

Overall, 75% of Americans say the nation faces a retirement crisis, and 58% are either very or somewhat concerned they will not be able to achieve a financially secure retirement. Fifty-six percent of Americans say it is getting harder to prepare for retirement. Read more >

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15th Anniversary of Retirement Plan Adviser of the Year

Fidelity Wins Dismissal of FundsNetwork Revenue Sharing Challenge

Inheritance Pathways Exist to Replace Stretch IRAs

Cybersecurity Strategies for the Adviser Industry

Weighing 403(b)s versus 401(k)s for Nonprofits

Retirement Specialists Tapped for NTSA Financial Literacy Program

The program is aimed at promoting NTSA’s dual goals of improving the understanding of retirement planning options for teachers and school staff and boosting 403(b) plan participation. Read more >

Forward Focus

How offering 3(38) fiduciary services can help advisers declutter the investment conversation. Read more >

Market Mirror

Tuesday, the Dow closed 33.97 points (0.13%) lower at 26,057.98, the NASDAQ was down 5.16 points (0.07%) at 7,549.30, and the S&P 500 decreased 2.21 points (0.08%) to 2,793.90. The Russell 2000 fell 11.32 points (0.71%) to 1,577.48, and the Wilshire 5000 lost 50.91 points (0.18%) to finish at 28,970.40. The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.644%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 3.008%.

Strategic Insight was recently acquired by ISS. Learn more.

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