Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 2nd, 2018
Inappropriate Investments, Excessive Fees, Self-Dealing Most Common Reasons for ERISA Lawsuits
The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds and could prevent them from offering lifetime income products. Read more >
Employers Likely to Ramp Up Student Loan Repayment Benefits
While not a traditional topic for retirement specialist advisers to speak about, experts agree that student loan repayment benefits are a powerful boon to financial wellness programming—and a topic that financial advisers should learn more about.  Read more >
Data Points: The Adviser Difference
The percentage of plans using managed accounts as the default is still much smaller than that of plans using TDFs. Still, nearly 10% (9.7%) of plans without an adviser use a managed account as the qualified default investment alternative (QDIA), whereas 7.7% of plans with an adviser do so. It is only slightly more common for plans to use a managed account as the default when the adviser is a 3(38) fiduciary—i.e., 9.2% of plans. Read more >
Investors Want to Discuss Risk and Retirement Income
Seventy-nine percent of individuals are interested in learning about an option that offers principal protection and the potential for growth. However, only 50% of people say their adviser has discussed guaranteed lifetime income, whereas 80% say they have discussed risk tolerance. Read more >
Another Stressed Union Pension to Get PBGC Support
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
70% of Eligible Employees Have Joined California’s State-Run Retirement Program
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
Sponsored message from Voya Financial
Mike DeFeo Discusses Voya's Client Value Proposition, Market Trends and the 'Active v. Passive' Debate
Click to view. Read more >
Health Care Expenses Are Americans’ Biggest Retirement Fear
Paying off debt is their second greatest fear, Franklin Templeton found in a survey. Read more >
Americans Saving an Average of 8% for Retirement
A speaker at PSCA’s 71st Annual National Conference suggests reports of Americans retirement savings inadequacy are overblown and offers data to back that up. Read more >
Nationwide Debuts New Website for Advisers and RIAs
Based on high satisfaction ratings from advisers, the account management and trading platform remains unchanged. However, the update website creates a more customized one-to-one digital experience for advisers by using new technology to better understand and instantly respond to their needs. Read more >
Market Mirror
Tuesday, the Dow dropped 64.10 points (0.27%) to close at 24,099.05, the NASDAQ gained 64.44 points (0.91%) to reach 7,130.70, and the S&P 500 increased 6.75 points (0.25%) to reach 2,654.80. The Russell 2000 increased 8.44 points (0.55%) to 1,550.33, and the Wilshire 5000 gained 71.61 points (0.26%) to close at 27,592.56. The price of the 10-year Treasury note fell 4/32, boosting its yield to 2.969%. The price of the 30-year Treasury fell 6/32, increasing its yield to 3.133%.
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