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 >
Many Retirees Spending More Than They Expected
Consider All Individual Circumstances Before Suggesting 4% Retirement Income Withdrawal
ERISA Litigators Reflect on Lessons Learned in 2018
MetLife Pension Calculations Questioned in ERISA Complaint
Progressive Plan Design Features Have Moved Down-Market
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Mike DeFeo Discusses Voya's Client Value Proposition, Market Trends and the 'Active v. Passive' Debate
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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%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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