Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 17th, 2018
Americans Really Want New Retirement Security Public Policies
American workers rank retirement security as the top issue they want congressional candidates to talk about more on the campaign trail this year, according to a survey by Prudential Financial. Eighty percent want to hear about retirement security; 75%, job security; 74%, taxes; 70%, workforce development; 67%, the minimum wage; and 61%, the cost of college. Read more >
Millennials Increasingly Embrace Roth and Traditional IRAs
The percentage of people who contributed to their Fidelity IRA in Q1 2018 increased 14% over a year ago; among Millennials, IRA contributions increased even more. Read more >
Americans’ Greatest Financial Regret: Not Saving Earlier for Retirement
Citing data from the Federal Reserve, Bankrate.com says that half of middle-income Americans have a retirement account, with a median balance of $25,000. Among those between the ages of 55 and 64, 60% are saving for retirement, with a median balance of $120,000. Read more >
2018 SEC Examination Priorities
Protecting retirement investors and seniors—who in many cases are one and the same—continues to be a priority for the SEC. Based upon that agency’s areas of focus, you should review and update your disclosures to identify all conflicts of interest, particularly those affecting retirement investors, and make sure there are appropriate policies and procedures in place to safeguard their interests. Read more >
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Sponsored message from Ascensus
State-Run Retirement Plans: The Adviser Opportunity
An Interview with David Musto, President, and Bob Guillocheau, Chariman & CEO at Ascensus. Read more >
Sentinel Adopts Service to Improve Data Delivery and Protection
The company says it needed to stay innovative about how it operates—whether end users want to check 401(k) balances on laptops, dial into a call center to talk about short-term investments or use a mobile device to get an answer to a question about insurance coverage. Read more >
MetLife and Ernst & Young Reveal Multi-Channel Wellness Program
Named PlanSmart Financial Wellness, the multi-channel platform is said to build financial literacy and wellbeing by offering tailored financial wellness plans, phone support with EY financial planners, workplace seminars and one-on-one consultations with MassMutual advisers. Read more >
Market Mirror
Wednesday, the Dow gained 62.52 points (0.25%) to finish at 24,768.93, the NASDAQ closed 46.67 points (0.63%) higher at 7,398.30, and the S&P 500 was up 11.01 points (0.41%) at 2,722.46. The Russell 2000 increased 16.03 points (1.00%) to 1,616.37, and the Wilshire 5000 climbed 125.12 points (0.44%) to 28,322.99. The price of the 10-year Treasury note was down 6/32, increasing its yield to 3.098%. The price of the 30-year Treasury bond decreased 11/32, bringing its yield up to 3.221%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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