Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 5th, 2018
Plaintiff Loses Second Attempt at Stock Drop Suit Against Edison
A judge has once again dismissed a lawsuit brought by an employee in Edison International’s 401(k) plan who alleges plan fiduciaries continued to offer company stock as an investment option in the plan when it was no longer prudent to do so. Read more >
Invesco Latest Target of ERISA Self-Dealing Lawsuit
Allegations leveled in the proposed self-dealing class action challenge vary widely and include many that will be familiar to retirement plan industry professionals. The plan is accused of offering too many investment options—nearly all of them affiliated in some way with Invesco—and of failing to use its leverage as one of the larger employer-sponsored retirement programs in the U.S. to negotiate for reduced costs for the benefit of plan participants. Read more >
Roth Conversions Part of the Tax Diversification Tool Belt
Under IRS guidance, participants can select to convert their entire pre-tax balance or a portion of it; they often have a lot of questions about the right amount to convert, and when to make the move. Read more >
Workers Are Comfortable, Yet Concerned Over Stock Market
“Volatility matters, and while we see some increasing comfort with volatility, it is driving a simmering anxiety in many Americans,” says Paul Kelash, vice president of consumer insights for Allianz Life. “This anxiety about the negative effects volatility can have on their retirement savings is very real, and people are still searching for the right solutions.” Read more >
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A QDIA in Transition
Participants are moved to a managed account as they draw close to retirement. Read more >
Retirement Income Options
“Given the differences in family and health care situations, two people who might have the same amount saved at retirement could be in very different positions, in terms of financial security,” says Patrick Murphy, president of John Hancock Retirement Plan Services. Read more >
Market Mirror
Yesterday, the Dow gained 178.48 points (0.72%) to finish at 24,813.69, the NASDAQ closed 52.13 points (0.69%) higher at 7,606.46, and the S&P 500 increased 12.25 points (0.45%) to 2,746.87. The Russell 2000 was up 5.39 points (0.33%) at 1,653.37, and the Wilshire 5000 climbed 155.59 points (0.55%) to 28,654.21. The price of the 10-year Treasury note decreased 11/32, bringing its yield up to 2.942%. The price of the 30-year Treasury bond fell 23/32, increasing its yield to 3.087%.

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

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

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