April 17th, 2018

Ahead of Wednesday Meeting, Stage Set for Fiduciary Jurisdiction Test Between DOL and SEC Experienced ERISA attorneys and retirement industry executives project some possible outcomes of the DOL and SEC conflict of interest reform process; some expect a broad new proposal could emerge as soon as this week from the SEC. Read more > 2018 SEC Examination Priorities “I provide investment advice to Employee Retirement Income Security Act plan participants and individual retirement account owners. Based on the 2018 Securities and Exchange Commission examination priorities, what issues do I need to consider, and how should I address them?” Read more > Industry Groups, TIAA Filed Briefs in Support of University of Pennsylvania in 403(b) Plan Suit One brief details the history of university retirement plans and argues that 403(b) lawsuits compare apples to oranges; another argues that hindsight cannot be used to challenge investment performance; and TIAA defends its products. Read more > NQDC: Serving Highly Compensated Employees Considering the growing recognition that one’s income replacement rate is key, what is the answer for the high-income earner, when the most he can defer to his 401(k) plan, pre-tax, is $18,500 a year? Read more > MOST READ ARTICLES

Sponsored message from Ascensus Ascensus Outlook and Growth Strategy An Interview with David Musto, President, and Bob Guillocheau, Chairman & CEO at Ascensus Read more > Why Are Retirees Spending Down So Slowly? EBRI questions whether retirees are just determined to preserve their assets or whether they need more education about spending assets in retirement—both have implications for retirement plan advisers and sponsors. Read more > Determining Health Cost Needs in Retirement Is Complex Although some retirees face catastrophic health care cost in retirement, EBRI found that most don’t. Read more > Paychex Revamps Advisor Console With a focus on accessibility and ease of use, Advisor Console’s new features and functionality allow financial professionals to be more efficient when serving their clients’ plans and investments.   Read more > Pershing Reveals New DC Plan Oversight Tool The solution is aimed at helping advisers and home offices realize better efficiencies and increase transparency in retirement plan management. Read more > Market Mirror Yesterday, the Dow gained 212.90 points (0.87%) to finish at 24,573.04, the NASDAQ closed 49.64 points (0.70%) higher at 7,156.29, and the S&P 500 increased 21.54 points (0.81%) to 2,677.84. The Russell 2000 was up 13.52 points (0.87%) at 1,563.03, and the Wilshire 5000 climbed 237.15 points (0.86%) to 27,797.11. The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.831%. The price of the 30-year Treasury bond decreased 3/32, bringing its yield up to 3.034%.

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