March 22nd, 2017

From the Magazine: Aggregating a Client's Assets “I work for a broker/dealer firm that is affiliated with a registered investment adviser. The firm provides brokerage services to both non-retirement and retirement investor accounts such as IRAs and ERISA accounts. The fee is asset-based, and breakpoints are used to determine the fee. Can all accounts be aggregated so the investor will get the benefit of a reduced fee?” Read more > Comfort With Retirement Savings Does Not Match Reality Americans say they feel more comfortable with the savings they have now compared to the year before, however, a Bankrate survey finds they’re not doing a better job at saving: 21% of working Americans aren’t saving any of their income for retirement. Read more > DB Plan Clients See Lump Sum Favorability Shift The IRS prohibits DB plans from paying lump sums to in-pay retirees and beneficiaries,” but many terminated vested participants will view lump sums as attractive.” Read more > Health Expenses and Debt Are Concerns for Planning for Retirement Forty-five percent of workers are not too or not at all confident they will have enough money for medical expenses in retirement, and nearly three in five workers say debt is a problem for them. Read more > MOST READ ARTICLES

2017 PLANADVISER Micro Plan Survey Micro-sized defined contribution plans, as defined by the 2017 PLANADVISER Micro Plan Survey, are those with less than $5 million in assets. Taken as a whole, however, the micro-plan market in many ways is large. According to sister publication PLANSPONSOR’s 2016 Recordkeeping Survey, published last June, there are 746,796 micro defined contribution plans in the U.S., covering 16.2 million participants and having a total value of $548 billion. Read more > Workers Could Do More to Plan for Retirement Sixty percent of employees expressed at least some confidence in retirement, but their planning efforts and savings balances do not support this confidence level. Read more > Determination Letter Support Launched By Trucker Huss A new program from Trucker Huss provides plan sponsors with a written opinion of counsel that their plan document, as amended after the date of their last IRS determination letter, “continues to maintain its tax-qualified status as to form.” Read more >

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