June 4th, 2019

Can the Big Recordkeepers Keep Getting Bigger? According to Barry, the key to success for recordkeepers and plan advisers alike is to remember that it is always a human being that is facing any given buying decision, whether one is talking about consumer products or investments. Read more > Supreme Court Asked to Review Puerto Rico Court Actions in Church Plan Case A judge ordered the Archdiocese of San Juan to pay $4.7 million to teachers whose pension plan had been terminated, and the Archdiocese claims that since then, the Puerto Rico government has seized assets from entities not related to the plan. Read more > A Couple May Need $363,000 to Cover Health Care Expenses in Retirement Medicare covers only 64% of the cost of health care for those 65 and older, according to EBRI. Read more > Americans Have Set Own Savings Thresholds for Retirement Preparedness Adults ages 45 to 59 who say their retirement savings are on track typically have at least $250,000 saved, according to the sixth annual Survey of Household Economics and Decisionmaking. Read more > MOST READ ARTICLES

OCIOs Foresee More Derisking DB Plans Using Alternative Investments Long-duration private debt can be used for hedging liabilities, and other alternative investments may be used for enhancing risk-adjusted returns, a report from Cerulli Associates explains. Read more > Alliance Benefit Group Will Distribute iJoin Suite The solution from LDIntelligence allows ABG member firms to deploy the iJoin enrollment, engagement, analytics and managed account platform. Read more > Market Mirror Yesterday, the Dow eked out a 4.74 points (0.02%) gain to finish at 24,819.78, the NASDAQ fell 120.13 points (1.61%) to 7,333.02, and the S&P 500 decreased 7.61 points (0.28%) to 2,744.45. The Russell 2000 increased 4.50 points (0.31%) to 1,469.98, and the Wilshire 5000 lost 110.77 points (0.39%) to finish at 28,258.62. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.075%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 2.536%.

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