Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 10th, 2019

Does Recordkeeper Consolidation Affect Plan Advisers?

Ongoing recordkeeper consolidation means fewer providers from which to choose, but sources disagree about whether this will significantly change the adviser experience or not. Read more >
Archdiocese Accused of Filing for ‘Church Plan’ Status to Avoid Pension Funding
Rather than filing an Employee Retirement Income Security Act (ERISA) action in federal court, the plaintiffs filed the complaint in state court alleging the Archdiocese of Newark violated New Jersey contract and trust law. Read more >
Average 401(k) Account Balance Has Soared 466% in Past 10 Years
Fidelity analyzed the balances of those who remained invested in their 401(k) in the decade following the Great Recession of 2008 and found that the balances went from $52,600 to $297,700. Read more >
Retirement Plan Sponsors Increasingly Look for Low-Cost TDFs
This is driving providers to offer inexpensive options, such as series that rely on CITs and passive funds, Morningstar says. Read more >
2023 Retirement Plan Adviser of the Year Finalists
A Reminder to Avoid Fraudulent Hardship Withdrawals
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Small Businesses and SECURE 2.0: Exemptions and Tax Credits
Retirement Industry People Moves
Majority of Small Business Owners Feel Unprepared to Make Benefit Decisions
While more than half view retirement benefits as a “must have,” they are unprepared to make selections and could use the help of an adviser, Lincoln Financial Group says. Read more >
DOL Opinion Letter on Gig Workers Puts Retirement Savings Onus on Them
Experts say gig workers have little access to workplace retirement savings plans and the opinion letter will only discourage employers from offering them such plans, but they do have other options that advisers can educate them about. Read more >
Market Mirror
Thursday, the Dow fell 138.97 points (0.54%) to 25,828.36, the NASDAQ lost 32.73 points (0.41%) to finish at 7,910.59, and the S&P 500 decreased 8.70 points (0.30%) to 2,870.72. The Russell 2000 closed 4.92 points (0.31%) lower at 1,570.06, and the Wilshire 5000 was down 84.95 points (0.29%) at 29,694.44. The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.454%. The price of the 30-year Treasury bond increased 16/32, bringing its yield down to 2.867%.
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