Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 30th, 2018
Northwestern University 403(b) Lawsuit Tossed By District Court
A new decision handed down by the U.S. District Court for the Northern District of Illinois, Eastern Division, strongly rejects arguments that fiduciaries of the Northwestern University 403(b) retirement program failed to act with the loyalty and diligence required by the Employee Retirement Income Security Act. Read more >
Court Dismisses Lawsuit Over Inclusion of Former Parent Stock in Retirement Plan
A judge agreed that the plaintiffs failed to plead facts to state a claim for breach of the duty of prudence and the duty to diversify against the investment committee for the Phillips 66 Savings Plan. Read more >
J.P. Morgan Retirement Leader Examines Sequence of Returns Risk in TDF Context
The latest though leadership from the firm asks an increasingly important question: “What should the TDF glide path look like as participants move from accumulating asset balances to spending down those balances in retirement?” Read more >
After Tax Reform, a $6.6B Increase in Pension Plan Contributions
The Tax Cuts and Jobs Act of 2017 resulted in firms contributing 23.8% more, or $6.6 billion additional funds, to their pension plans last year, according to a report from the Wisconsin School of Business.  Read more >
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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 >
Legislation Would Establish Retirement Benefits Commission
U.S. Senators Todd Young (R-Indiana) and Cory Booker (D-New Jersey) introduced legislation to establish a federal commission charged with reviewing private retirement benefit programs and submitting a report to Congress on how to improve private retirement security in the United States. Read more >
‘New Social Contract for Retirement Is Needed’
A survey finds that to prevent future retirees from challenges, governments and employers will have to step up to the plate. Read more >
Market Mirror
Tuesday, the Dow closed 391.64 points (1.58%) lower at 24,361.45, the NASDAQ fell 37.26 points (0.50%) to 7,369.59, and the S&P 500 decreased 31.47 points (1.16%) to 2,689.86. The Russell 2000 was down 3.28 points (0.20%) at 1,623.65, and the Wilshire 5000 closed 277.73 points (0.98%) lower at 28,057.79. The price of the 10-year Treasury note increased 1 10/32, bringing its yield down to 2.778%. The price of the 30-year Treasury bond climbed 2 17/32, decreasing its yield to 2.962%.  

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

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

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