Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 26th, 2019

Lost Participants

A challenge that all plan fiduciaries and their advisers face is how to deal with “lost” participants. When investigating a plan, the Department of Labor will focus on how the plan addresses that. Indeed, the DOL recently challenged practices thought by plan fiduciaries and their advisers to be appropriate under ERISA.  Read more >
Parties Propose Settlement on Eve of Eaton Vance ERISA Hearing
The lawsuit accuses Eaton Vance defendants of unlawful self-dealing with respect to a company retirement plan, in violation of ERISA and to the detriment of participants and beneficiaries. Read more >
New Mortality Tables Issued for 2020 DB Plan Calculations
The IRS has issued Notice 2019-26, which specifies updated mortality improvement rates and static mortality tables, as well as a modified unisex version of the mortality tables, to be used for defined benefit (DB) plans. Read more >
Bank of America Introduces 3(38) Investment Management Offering
According to Stacy Bucchere, head of defined contribution at Bank of America, 4,100 Merrill Designated Advisors have completed designation requirements and will be able to provide either 3(21) investment adviser or 3(38) investment manager services. Read more >
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‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
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SECURE Act Ensnared in Senate After Flying Through House
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Retirement Industry People Moves
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Upset in FINRA Board Large Seat Election
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Walgreen Sued for Keeping Underperforming TDFs in 401(k)
Gig Workers Report Being More Involved in Their Finances
Although only 56% of independent workers are actively saving for retirement, they are just as likely as traditional workers to feel they are financially prepared for retirement, a T. Rowe Price survey found. Read more >
Millennium Trust Calculator Approximates Plan Savings From Automatic Rollovers
Retirement plan sponsors may take advantage of automatic rollover rules for small plan balances to reduce the administrative costs of keeping those participant accounts in their plans. Read more >
Market Mirror
Yesterday, the Dow was up 14.51 points (0.06%) at 25,516.83, the NASDAQ was down 5.13 points (0.07%) at 7,637.54, and the S&P 500 decreased 2.35 points (0.08%) to 2,798.36. The Russell 2000 increased 6.94 points (0.46%) to 1,512.86, and the Wilshire 5000 was down 18.08 points (0.06%) at 28,891.47. The price of the 10-year Treasury note increased 9/32, bringing its yield down to 2.409%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.869%.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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