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

Clear Ground Rules Essential With 3(38) Fiduciary Clients

Experts share strategies for helping advisers taking on 3(38) fiduciary clients understand how they can set up the right processes and procedures—up front—for dealing with client concerns and questions about the investment menu. Read more >
Americans in Physical Jobs Have High Retirement Hopes
The high stated retirement confidence of physical workers reflects the fact that the sample is relatively young and majority male, according to Aegon researchers, who also say that employers with predominantly physical workers can do more to boost their true retirement readiness. Read more >
Health Is a Top Priority for Americans in Retirement
Seventy-six percent of Americans say they plan to cover health care costs in retirement via Medicare, while 51% also point to supplemental health care insurance. Read more >
Helping Participants Overcome Savings Biases
If a retirement plan automatically enrolls participants at a 3% deferral rate and does not pair that with automatic escalation, the vast majority of participants stay at that rate, says Nathan Voris, managing director of business strategy at Schwab Retirement Services. 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
Travelers Will Help Employees Save for Retirement While Paying Down Student Debt
Alan Schnitzer, chairman and CEO of Travelers, says many of the firm’s younger employees struggle to save for retirement because student loans weigh so heavily on their finances. Read more >
Firms Collaborate to Provide Student Loan Benefits and Financial Wellness Education
Gradifi, a provider of student loan and college savings employee benefits, will offer EVERFI’s interactive financial wellness content and tools. Read more >
Market Mirror
Wednesday, the Dow was down 133.17 points (0.52%) at 25,673.46, the NASDAQ lost 70.44 points (0.93%) to finish at 7,505.92, and the S&P 500 decreased 18.20 points (0.65%) to 2,771.45. The Russell 2000 fell 31.46 points (2.01%) to 1,536.82, and the Wilshire 5000 closed 236.48 points (0.82%) lower at 28,686.63. The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.686%. The price of the 30-year Treasury bond increased 11/32, bringing its yield down to 3.067%.

Editorial: Alison Cooke Mintzer


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