Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 1st, 2018

Getting a Handle on Retirement Readiness

One of the most important things a company can do to ensure its well-being is to assess the retirement readiness of each of its employees, not just those who are approaching retirement, according to Sibson Consulting in “Quantifying Retirement Readiness,” a recent Sibson Ideas study. Quantifying retirement readiness involves understanding what savings employees will need, gathering relevant financial and other data on all employees, and then running the numbers to determine how each individual stacks up. Read more >
Appeals Court Upholds ERISA Decision Against ‘Peeps’ Candy Company
On appeal, the candy company contended that the district court misapplied the federal statute governing multiemployer pension funds in critical status and, second, that the court erred in holding that it had failed to plead adequately its affirmative defenses. For reasons laid out in a 20-page decision, the circuit court fully confirms the district court’s judgement. Read more >
WTW Warns of Potential Credit Portfolio Impacts Based on Tax Reform
According to Willis Towers Watson experts, while market participants have been focused on the benefits of tax reform for major risk assets, very few have taken into account the potential effects to their liability hedging portfolios. Among other likely outcomes, a reduction in top-line corporate taxes could decrease issuance of corporate credit, and in particular long-duration credit, described as “a key component to pension fund liability management.” Read more >
A Mere 27% of Advisers Have a Formal Succession Plan
Advisers in larger practices are more likely to have a formal plan, with 60% of advisers in firms with $500 million or more in assets under administration having one. Among firms with less than $50 million, a mere 13% have one.  Read more >
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Open MEPs Could Create Many Opportunities for Advisers
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Retirement Industry People Moves
Sponsored message from OppenheimerFunds
OppenheimerFunds’ Kathleen Beichert on Expanding Fixed Income Options in Plan Menus
Click to watch.  Read more >
From the Magazine: Taking on Discretion
As plan sponsors feel more concerned about meeting all of their fiduciary responsibilities, they will increasingly turn to advisers and others who can assume 3(38) fiduciary status, believes Melissa Cowan, executive director at Morgan Stanley in New York City. Read more >
Resources Investment Advisors Reveals Financial Elements Literacy Program
The financial wellness and literacy program is meant to help employers address the hard costs of high-turnover, absenteeism and financial hardship of their employees. Read more >
Market Mirror
Monday, the Dow closed down 148.04 points (0.61%) at 24,163.15, the NASDAQ fell 53.53 points (0.75%) to reach 7,066.27, and the S&P 500 dropped 21.86 points (0.82%) to 2,648.05. The Russell 2000 fell 14.35 points (0.92%) to 1,541.88, and the Wilshire 5000 lost 213.76 points (0.77%) to close at 27,520.95. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.949%. The price of the 30-year Treasury increased 7/32, bringing its down to 3.117%.

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

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

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