Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 16th, 2019
RESA, RSSA, SECURE Act and More Pile Up in Congress
Sources say the SECURE Act could pass the House this month, potentially setting the stage for a reconciliation process that could bring together common elements of multiple pending bills. Read more >
Congress Called (Again) to Get Serious About Union Pension Crisis
Apart from discussing the RESA legislation, witnesses and Senators at a Finance Committee meeting spoke about the pressing need to address severe funding shortfalls faced by some union pension plans. Read more >
Calling Expert Advisers for PSNC 2019
If you’re an adviser, the PLANSPONSOR National Conference helps you stay in touch with the challenges your clients face. Join your peers to discuss practical, creative solutions for your plans and participants. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
Are Personal Advisers ERISA Fiduciaries?
Maybe yes, if advising about a 401(k). Read more >
John Hancock Introduces Participant Online Learning Center
My Learning Center offers a financial wellness assessment, retirement calculators, webinar recordings, podcasts, videos, articles and other resources previously available in different areas of the participant website, all in one location. Read more >
MassMutual Adds Student Loan Repayment Program to Financial Wellness Tools
Once the Student Loan solution has been elected by an employer and implemented through, MassMutual integrates the program as part of its MapMyFinances financial wellness tool. Read more >
Fee Considerations Drive Mutual Fund Purchases
Investors also look at historical performance and performance compared to an index, ICI found. Read more >
LifeYield Service Seeks Tax-Smart Retirement Paychecks
Subscribers of LifeYield’s Proposal Advantage Suit and Taxificient Score will gain access to the “tax-smart” retirement income planning tool. Read more >
Market Mirror
Wednesday, the Dow gained 115.97 points (0.45%) to finish at 25,648.02, the NASDAQ closed 87.65 points (1.13%) higher at 7,822.15, and the S&P 500 increased 16.55 points (0.58%) to 2,850.96. The Russell 2000 was up 5.21 points (0.34%) at 1,548.27, and the Wilshire 5000 climbed 171.38 points (0.58%) to 29,471.37. The price of the 10-year Treasury note increased 10/32, bringing its yield down to 2.377%. The price of the 30-year Treasury bond climbed 19/32, decreasing its yield to 2.820%.
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