Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 9th, 2018

From the Magazine: Retirement Income

For the individual, saving and investing for retirement is plenty challenging, requiring the sacrifice of current income and consumption, and sticking to that ground plan over many years. But it is pretty straightforward, especially with professionally managed vehicles such as target-date funds designed to maximize risk-adjusted returns at a reasonable cost and relieve participants of the heavy lifting of selecting investments. Not so for spending in retirement. Read more >
Trust in Social Security Falters in 2018 Planning & Progress Study
About one in three Americans have less than $5,000 in retirement savings, and one in five have no individual private retirement savings at all, according to a new Northwestern Mutual study. Read more >
DC Plan Industry Still Falls Short on Distribution Options
Looking across today’s DC plan marketplace, researchers suggest it is still much more common to see plan designs that are tailored to drive retired or terminated participants out of the plan. Read more >
Technology and Retail Clients Most Burdened by Student Debt
Data provided by CommonBond shows that workers in the technology and retail industries are most straddled with student loan debt; even workers in industries less impacted by student debt say they believe employers should help. Read more >
Institutional Plan Returns See First Negative Quarter in Nearly Three Years
Institutional assets tracked by the Wilshire Trust Universe Comparison Service (Wilshire TUCS) saw a median return of -0.47% for all plan types in the first quarter and a median one-year gain of 9.51%. Read more >
HSA Opportunities Abound
Assets topped an estimated $45 billion at the close of last year. Read more >
Wait, SECURE 2.0 Might Not Pass?
Asset Managers Scramble to Offer In-Demand Investment Vehicles
401(k) Robo-Adviser Blooom Shuts Services, Sells Tech to Morgan Stanley
Fitch: SEC “Crack Down” on ESG Greenwashing to Continue
A Reminder to Avoid Fraudulent Hardship Withdrawals
Sponsored message from JP Morgan
Are Your Clients Concerned about Plan Fees?
Reducing plan costs is a primary reason why sponsors consider a change in recordkeepers. Address your clients’ cost concerns with a J.P. Morgan 401(k) analysis comparing their current fees with industry averages. DISCOVER POTENTIAL SAVINGS > Read more >
Education a Top Factor in Gaining Retirement Plan Participants’ Trust
“This study shows that for financial firms who want to improve retirement savings outcomes must evolve their role from just account providers to trusted partners that people can turn to for help on holistic financial wellness,” NARPP says. Read more >
2018 PLANADVISER Micro Plan Survey
One area where a skilled adviser may have the opportunity to gain new clients is in helping clarify the role of a fiduciary. Nearly half (48%) of micro-plan sponsors are unsure whether their adviser is a fiduciary and, if so, what kind. Just one-fifth (20%) say their adviser is a 3(21) fiduciary, and 17% say he is a 3(38) fiduciary. Read more >
Market Mirror
Tuesday, the Dow was up 2.89 points (0.01%) at 24,360.21, the NASDAQ increased 1.69 points (0.02%) to 7,266.90, and the S&P 500 was virtually unchanged at 2,671.92. The Russell 2000 gained 7.44 points (0.47%) to finish at 1,586.39, and the Wilshire 5000 increased 12.93 points (0.05%) to 27,828.60. The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 2.976%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 3.129%.
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