March 27th, 2018

CVS Wins Dismissal of Stable Value Fund Suit by 1st Circuit The plaintiffs’ showing that the CVS retirement plan’s stable value fund departed from a study of other stable value funds’ investments did not support a plausible claim that such decision-making was imprudent, the appellate court ruled. Read more > Market Volatility Hasn’t Tempered Historically High DC Plan Optimism The Wells Fargo/Gallup Investor and Retirement Optimism Index remains at a 17-year high, despite a clear uptick in volatility, with the index at +139 in the first quarter; the firm’s head of retirement dissects the findings for PLANADVISER readers. Read more > Pre-Retirees, Retirees Not Addressing Market Volatility in Portfolios Retirees and pre-retirees overwhelmingly express concerns about protecting retirement savings from stock market losses, yet many say their primary investment goal is to grow rather than to preserve assets, according to a new study from Massachusetts Mutual Life Insurance Co. Read more > Giving 529 Plans A Try In an industry becoming increasingly “siloed,” as one retirement plan adviser observes, he and many others have discovered the value of going against the grain. They have found that adding one or more tangentially related plans or services, even if not lucrative at first, can solidify their client relationships, and their firm’s competitiveness. Read more > MOST READ ARTICLES 1 DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans 2 Advisers Get Long-Awaited Clarity on ESG in Retirement Plans 3 Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers 4 AARP Finds Major Gap Between Retirement Goals and Preparedness 5 Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity

Sponsored message from JP Morgan Lower recordkeeping costs for your plan sponsors Help build stronger retirement plans by combining JPMorgan SmartRetirement®, the only active target date manager with a Morningstar Gold Rating, with J.P. Morgan Retirement Link. All at a competitive price. VIEW THE COMPETITIVE PRICING > Read more > 2018 PLANADVISER Micro Plan Survey Micro-plan sponsors generally expect their adviser to work on investments and education. Ninety-one percent of micro-plan sponsors report that their adviser helps them review fund performance, and 87% say their adviser helps them select investments.  Read more > SBCA Urges Congress to Modify Portion of RESA Senators have reintroduced the Retirement Enhancement and Savings Act, and the Small Business Council of America has a concern about one section of the bill. Read more > Market Mirror Yesterday, the Dow gained 669.40 points (2.84%) to finish at 24,202.60, the NASDAQ closed 227.88 points (3.26%) higher at 7,220.54, and the S&P 500 increased 70.29 points (2.72%) to 2,658.55. The Russell 2000 was up 33.63 points (2.23%) at 1,543.71, and the Wilshire 5000 climbed 692.94 points (2.57%) to 27,605.57. The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.841%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 3.082%.

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