Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 8th, 2018
DOL Announces Enforcement Policy Changes After End of Fiduciary Rule
For the period from June 9, 2017, until after regulations or exemptions or other administrative guidance has been issued, the agency will not pursue prohibited transactions claims against investment advice fiduciaries who are working diligently and in good faith to comply with the impartial conduct standards for transactions that would have been exempted in the BIC Exemption and Principal Transactions Exemption. Read more >
Mid-Term Elections Could Create Push for Retirement Legislation
David Levine, principal at Groom Law Group, said there is a real chance of a big impact on the retirement plan agenda if Republicans take losses in the mid-terms, so he expects a push to pass everything they can before then. Read more >
ICI Data Shows Managers Have Substantially Cut TDF, Other Mutual Fund Expenses
A broad new Investment Company Institute analysis shows the expense ratios of target-date mutual funds have fallen 34% since 2008, alongside the expense ratios of most other types of long-term funds.  Read more >
Retirement Taxes Can Derail DC Plan Participants’ Progress
“There are strategies of rolling some amount of traditional 401(k) dollars over into a Roth IRA that are potentially advantageous, especially if you have a couple of years where your income is lower,” observes Angie O’Leary, head of wealth planning at RBC Wealth Management. “Having tax diversification available down the line is really helpful in building that paycheck in retirement.” Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
AARP Finds Major Gap Between Retirement Goals and Preparedness
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 >
NQDC Plans Still Valuable After Tax Reform Changes
“Non-qualified deferred compensation plans will always be tax advantageous and a useful benefit,” Bruce J. McNeil, partner with The Wagner Law Group, told Plan Sponsor Council of America (PSCA) 71st Annual National Conference attendees. Read more >
TDFs That Tactically Allocate Assets
The wisdom of setting a predetermined glide path for the asset-allocation trajectory of a target-date fund spanning maybe 30 or 40 years could be questioned when there are disruptions in the market. This is why some TDF providers are dedicating modest amounts of their portfolios to tactical asset allocation. Read more >
Employers Turn to Providers for Financial Wellness Program Offerings
Eighty-three percent of employers offer a financial wellness program to their employees, according to Prudential’s 10th survey of employee benefits, “Benefits and Beyond: Employer Perspectives on Financial Wellness.” This is up dramatically from 20% in 2016. Additionally, 14% of employers plan to offer financial wellness programs within the next two years. Read more >
Market Mirror
Yesterday, the Dow gained 94.81 points (0.39%) to finish at 24,357.32, the NASDAQ closed 55.60 points (0.77%) higher at 7,265.21, and the S&P 500 was up 9.21 points (0.35%) at 2,672.63. The Russell 2000 increased 13.34 points (0.85%) to 1,578.95, and the Wilshire 5000 climbed 116.60 points (0.42%) to 27,815.67. The prices of the 10-year Treasury note and 30-year Treasury bond recorded no changes, with their yields at 2.950% and 3.123%, respectively.
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