Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 13th, 2018

2018 PLANADVISER National Conference

The PLANADVISER National Conference is the premier networking and business strategy event for specialist retirement plan advisers! As an attendee, you’ll find a networking-friendly environment, inviting you to engage directly with skilled experts and leading advisers to help you differentiate your message, add value for your clients and cultivate sustainable growth in an evolving regulatory environment. Read more >
Advisers Report Moving to a Client-Centric Model
Advisers are using new planning models and smarter technology, including automation, so that they can offer efficient personalized service, SEI finds. Read more >
From the Magazine: The Duty of Loyalty
ERISA demands it; ERISA attorney Marcia Wagner explains how courts have interpreted it.  Read more >
IRS Issues Guidance Regarding 403(b) Plan RMDs and Missing Participants
A memo to examiners lists actions 403(b) plan sponsors should take to locate missing participants in order not to be challenged on violating RMD rules. Similar to a memo issued last year, the current memo regarding 403(b) plans states that EP examiners shall not challenge a 403(b) contract for violation of the RMD standards for the failure to commence or make a distribution to a participant or beneficiary to whom a payment is due, if the plan has taken a specific set of steps.  Read more >
2018 PLANADVISER Micro Plan Survey
Another area where a skilled adviser may have the opportunity to gain new clients is in helping clarify the role of a fiduciary. Nearly half (48%) of micro-plan sponsors are unsure whether their adviser is a fiduciary and, if so, what kind. Read more >
Nearly Three-Quarters of Boomers Want to Delay Retirement
Will SCOTUS Decide the Fate of the DOL Fiduciary Rule?
Confusion Abounds After Fifth Circuit Decision Vacates DOL Fiduciary Rule
Many Americans Would Forego Social Security Payments for Student Loan Debt Forgiveness
Retirement Programs Must Continue to Evolve to Address Participant Needs
Sponsored message from Principal
Hear what advisors tell us—and put their insights to work for you. View our new study on how advisors talk about fee levelization. Get the research > Read more >
Americans Have Not Planned for LTC Needs
While 56% of Americans say that saving for long-term care (LTC) is one of their top financial priorities, 73% have not planned for their LTC needs, Northwestern Mutual learned in a survey. While the focus on LTC needs followed that of saving for retirement, it surpassed paying off debt and saving for a home. Read more >
Form 5500 Data Shows Large Sponsors Favor TDFs to Boost Savings
Eighty percent of plans offered TDFs in 2015, up from 32% in 2006. In 2015, the average large 401(k) plan offered 29 investment options, of which about 14 were equity funds, three were bond funds and eight were TDFs. Read more >
The Magic of Local Events
A few years ago, Jason Chepenik, managing partner of advisory firm Chepenik Financial in Winter Park, Florida, became aware of the growing attention the industry was giving to financial wellness, and of his own conviction it was highly important. “There are so many financial tools and programs in the marketplace,” he recalls. “I was looking for one we could create that would be unique and fun, to put a stake in the ground on our own financial wellness spin of things.” Read more >
Market Mirror
Yesterday, the Dow closed 157.13 points (0.62%) lower at 25,178.61, the NASDAQ gained 27.52 points (0.36%) to finish at 7,588.33, and the S&P 500 was down 3.55 points (0.13%) at 2,783.02. The Russell 2000 increased 3.91 points (0.25%) to 1,601.06, and the Wilshire 5000 was up 4.33 points (0.02%) at 28,863.88. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 2.865%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 3.122%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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