Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 23rd, 2018
Skill in Fiduciary Discretion Discussions Brings Lots of Low-Hanging Fruit
Independent advisory shop founder Joe Gordon talks about winning new plan business from brokers and bank advisers who are “seriously fumbling the discussion with clients about fees and fiduciary change.” Read more >
How the IRS Views Discontinuance of Contributions
In summarizing the findings of a recent Employee Plans Compliance Unit initiative, the IRS reminds plan sponsors that if there is a complete discontinuance of contributions in a profit sharing plan, the plan is treated as terminated for vesting purposes and affected employees must be 100% vested in their accrued benefit.  Read more >
FINRA Seeking Comments on Churning Rules as SEC Considers Action
A new client alert published by the Wagner Law Group urges advisory firms to review and consider an update to anti-churning policies, now that FINRA and the SEC are both engaging in the matter. Read more >
Tactical Latitude in TDFs
Of the top five target-date fund suites by market share, Fidelity, T. Rowe Price and J.P. Morgan, respectively, allow for the tactical reallocation of assets. The other two, Vanguard and Principal Global Investments—also respectively—do not. Read more >
IRS Life Expectancy Tables Updated for Retirees
Meet Dave Barry, Professional Humorist and Pulitzer Prize Winner
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
Keeping Up with the Securing a Strong Retirement Act
Booz Allen Hamilton, Others Face Passive TDF Performance Lawsuits
Sponsored message from Ascensus
How Do Your Clients' Plans Stack Up?
Advisers – supported by the right partners – can provide the answers. Click To Read. Read more >
2018 PLANADVISER National Conference - Register Today
As an attendee, you’ll find a networking-friendly environment, inviting you to engage directly with skilled experts and leading advisers to help you differentiate your message, add value for your clients and cultivate sustainable growth in an evolving regulatory environment. Thanks to the comprehensive agenda, you’ll experience sessions focused on legislative and regulatory challenges; practice management and differentiation messaging; the newest platforms, tools and services for you and your clients; and the best practices currently being used to construct institutional investments. Read more >
Fed Report Suggests More Investing and Financial Education Needed
Three-fifths of non-retirees with self-directed retirement savings accounts have little or no comfort managing their investments, and only one-fifth of adults answered five financial literacy questions correctly, according to the Federal Reserve. Read more >
Retirement Readiness Measure Added to dailyVest’s Plan Health Tool
This will provide plan sponsors, administrators, consultants and advisers with an optimized way to evaluate data, garner insights and pinpoint areas for improvement within defined contribution plans. Read more >
Market Mirror
Tuesday, the Dow lost 178.88 points (0.72%) to finish at 24,834.41, the NASDAQ was down 15.58 points (0.21%) at 7,378.45, and the S&P 500 decreased 8.57 points (0.31%) to 2,724.44. The Russell 2000 fell 12.20 points (0.75%) to 1,625.24, and the Wilshire 5000 closed 138.64 points (0.49%) lower at 28,360.04. The price of the 10-year Treasury note was unchanged, with its yield up to 3.060%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 3.209%.
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