May 31st, 2018

Workplace Demographics Shape a New Understanding of Retirement Take a couple that is healthy and retiring today at age 65; the probability of at least one member of this couple living to age 75 is 97%, and to 90, nearly 50%. Read more > Penn State to Adopt Fee-Leveling Approach in Retirement Plans An announcement explains that fee-leveling ensures that all participants pay the same percentage of their account balances for recordkeeping and administrative fees, regardless of the funds in which they invest, and says recent advancements in the recordkeeping system used by TIAA are enabling Penn State to take this step. Read more > Repeated Use of Financial Wellness Programs Improves Outcomes Employees who repeatedly engage with financial wellness programs offered by their employer are benefiting from a compounding effect, whereby gains in financial health grow over time, according to Financial Finesse’s “Financial Wellness Think Tank 2017 Year in Review” research. Read more > Duty to Investigate The two fundamental duties of a fiduciary under the common law of trusts are the duties of loyalty and of prudence. With respect to the latter, a plan fiduciary under the Employee Retirement Income Security Act must act with “the care, skill, prudence and diligence under the circumstances that a prudent man would use.” Read more > MOST READ ARTICLES

Sponsored message from Natixis Retirement Goals – Aligned with Your Clients’ Ideals 71% of Millennials would contribute more to retirement if it advanced social good. The industry’s first ESG-driven target date mutual funds – Natixis Sustainable Future Funds℠ – help meet investors’ demands. Learn More.  Read more > Retirement Income Options “In mainstream corporate America, there is a lot of hand-wringing about retirement income for DC participants, but foot-dragging when doing anything about it,” observes Martha Tejera, head of plan consulting firm Tejera & Associates and a board member of the Institutional Retirement Income Council. Read more > SEI Warns That Many TDFs Are Too Risky SEI has been talking to TDF managers about deploying strategies within their investment lineup that mitigate the potential downside. Read more > Market Mirror Wednesday, the Dow gained 306.33 points (1.26%) to finish at 24,667.78, the NASDAQ closed 65.86 points (0.89%) higher at 7,462.45, and the S&P 500 increased 34.15 points (1.27%) to 2,724.01. The Russell 2000 was up 24.34 points (1.50%) at 1,647.99, and the Wilshire 5000 climbed 356.98 points (1.27%) to 28,414.77. The price of the 10-year Treasury note decreased 19/32, bringing its yield up to 2.846%. The price of the 30-year Treasury bond fell 31/32, increasing its yield to 3.019%.

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