Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 28th, 2018

Time for Big Ideas

Similar to the atmosphere in 2006 surrounding the Pension Protection Act, there is an increasing unity and cohesiveness within the retirement plan industry advocacy community with respect to a wish list of regulatory and legislative reforms. To name just a few, these include expanding the potential for small businesses to join together to create automated multiple employer plans; approving and even potentially requiring the use of higher rates for auto-enrollment and more aggressive automatic deferral escalation within DC plans; and easing the fiduciary burden associated with “in-plan” annuities. Read more >
NAFA Drops Its Fiduciary Rule Challenge in DC Circuit
Following a broadly structured decision by the 5th U.S. Circuit Court of Appeals to vacate the DOL fiduciary rule expansion, the National Association for Fixed Annuities decided its own appellate challenge has been made unnecessary. Read more >
‘Principal Protection’ Investments
David Kaleda is a principal in the fiduciary responsibility practice group at Groom Law Group, Chartered, in Washington, D.C. He has an extensive background in the financial services sector. In his latest column for PLANADVISER, he examines recent ERISA lawsuits favoring stable value funds. Read more >
Suit Claims Gannett 401(k) Holds Too Much in Parent Company Stock
A participant in the Gannett Co., Inc. 401(k) Savings Plan has filed a lawsuit regarding TEGNA’s June 29, 2015, spinoff of its publishing business into a new entity, Gannett, and the failure of the plan’s fiduciaries to decrease significant holdings in TEGNA common stock. Read more >
TPA Accused of Stealing Assets From Retirement Plans
Vantage Benefits has already been ordered to restore funds to one 401(k) plan; now a new lawsuit accuses it of stealing funds from MBA Engineering’s 401(k) and cash balance plans as well as approximately 20 others. Read more >
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HSAs in Retirement Planning
Having too little money to pay for health care or long-term care is the greatest fear adults have about aging, Genworth found in a survey of 1,200 people, but, despite these apprehensions, only 20% of Americans have taken any steps toward figuring out how to finance, or toward actually financing, long-term care costs. Read more >
Warming to ESG
If interest in ESG is concentrated among younger investors, that suggests potential for growth as their savings build. In its 2016 survey of DC plan participants, Natixis Global Asset Management, which launched the first ESG target-date fund series last spring, found a strong interest in having a personal connection with investments. Read more >
Market Mirror
Tuesday, the Dow was down 344.89 points (1.43%) at 23,857.71, the NASDAQ fell 211.74 points (2.93%) to 7,008.81, and the S&P 500 decreased 45.93 points (1.73%) to 2,612.62. The Russell 2000 lost 30.15 points (1.95%) to finish at 1,513.57, and the Wilshire 5000 closed 497.10 points (1.80%) lower at 27,108.48. The price of the 10-year Treasury note increased 21/32, bringing its yield down to 2.780%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 3.030%.

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

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

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