Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 22nd, 2018

From the Magazine: Litigation Mitigation

One of the first things any new practitioner hears about when entering the world of defined contribution retirement plan advising today is the severe risk of litigation faced by plan sponsor clients—a risk born out of the fiduciary duties of diligence, prudence and loyalty at the heart of the ERISA. One of the most common reasons plan sponsors turn to advisers is to get assistance with fiduciary process governance—and one of the easiest ways to lose a client’s confidence is to appear uncertain about critical compliance matters. Read more >
DISRUPTION: AssetMark Executive on Outsourcing and Practice Growth
Matt Matrisian, SVP of strategic initiatives at AssetMark, is passionate about the topic of advisory practice management, enough so that he wrote a 300 page book on the subject; chatting off-the-cuff with PLANADVISER, he argues outsourcing is the way of the future. Read more >
Multiemployer Pension Funding a Big Challenge for PBGC, Wider Economy
Multiemployer pension plan insolvencies will obviously be harmful to the participants and beneficiaries of the plans in question, but the loss of the significant economic momentum provided by retirees spending their pension plan assets could also harm the wider economy.  Read more >
Plan Sponsors Must Be Given Deference in Lawsuits Challenging Ambiguous Plan Terms
In a lawsuit in which the 6th U.S. Circuit Court of Appeals admitted “This is not an easy case,” the appellate court remanded it back to a district court to redefine the class for “damages” and award damages to the newly defined class. Read more >
Smart Beta Demand Favors Multi-Factor Approach
Data shared by FTSE Russell, taken from the firm’s annual smart beta survey, suggests the use of “multi-factor combination smart beta index-based investment strategies” by institutional investors has more than doubled since first measured in 2015. Read more >
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Sponsored message from Voya
Service Models, Practice Management and Investment Innovation
An Interview with Michael DeFeo, Head of Retirement and Investment Only, Voya Investment Management. Read more >
Employees Have Other Financial Issues That Get in the Way of Retirement Readiness
A PwC survey finds employees are struggling with debt and supporting adult children and aging parents, but also are not investing in their retirement plans properly or using health savings accounts to save for retirement health care costs. Read more >
A QDIA in Transition
If a plan has an older and/or heterogeneous population, this is more reason to consider a hybrid QDIA. For instance, the different employee groups in a hospital—doctors, nurses, support staff and administrative workers—likely have very different financial circumstances, especially on the cusp of retirement. Read more >
Market Mirror
Yesterday, the Dow climbed 298.20 points (1.21%) to 25,013.29, the NASDAQ was up 39.70 points (0.54%) at 7,394.04, and the S&P 500 closed 20.04 points (0.74%) higher at 2,733.01. The Russell 2000 increased 10.81 points (0.66%) to 1,637.44, and the Wilshire 5000 gained 232.09 points (0.82%) to finish at 28,498.68. The price of the 10-year Treasury note was up 2/32, and the price of the 30-year Treasury bond was up 1/32, decreasing their yields to 3.053% and 3.197%, respectively.

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

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

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