Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 7th, 2018

Will Your Clients Attend PLANSPONSOR National Conference 2018?

Plan sponsors need help crafting plans that meet the needs of their unique work force while implementing proper corporate governance that allows them to manage their fiduciary duties. To that end, the PLANSPONSOR National Conference brings together a true cross section of the industry. Plan sponsors, retirement plan advisers and providers that support plans and participants meet, also getting to dialog with legislative, legal and policy thought leaders. Read more >
Vanderbilt University Faces New Claim Over Product Marketing to 403(b) Participants
The new complaint notes that the defendants were required to independently assess “the prudence of each investment option” for the plan on an ongoing basis. It says they breached this duty specifically by allowing one of its recordkeepers, TIAA to its position as a recordkeeper to obtain access to participants, gaining valuable, private, and sensitive information including participants’ contact information, their choices of investments, the asset size of their accounts, their employment status, age, and proximity to retirement, among other things. Read more >
Social Security Board Revises Depletion Date, Calls for Congressional Action
Breaking down the $997 billion that flowed into the combined trust funds in 2017, the report shows $874 billion came from net payroll tax contributions, $38 billion from taxation of benefits, and $85 billion from interest payments. Total expenditures from the combined trust funds amounted to more than $952 billion in 2017. Out of this number, Social Security paid benefits of more than $941 billion in calendar year 2017, and there were about 62 million beneficiaries. Read more >
Cerulli Foresees 401(k)s Embracing Retirement Income
With millions of Baby Boomers now retiring, Cerulli expects the next big development will be plans embracing retirement income. “We are seeing a DC industry in which plan sponsors and consultants are taking a degree of control away from the participant, with the intention of guiding plan participants to better decisions about retirement savings,” says Bing Waldert, a managing director with Cerulli.  Read more >
Is the Traditional Fiduciary Insurance Model at Risk?
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
Why Small Business Owners Often Resist 401(k)s
Retirement Industry People Moves
SEC Votes to Propose Updated Fund Name Rules, ESG Disclosures for RIAs
Sponsored message from Voya
Service Models, Practice Management and Investment Innovation
An Interview with Michael DeFeo, Head of Retirement and Investment Only, Voya Investment Management. Read more >
The Value of NQDC Plans
Considering the growing recognition that one’s income replacement rate is key, what is the answer for the high-income earner, when the most that can be deferred to a 401(k) plan, pre-tax, is $18,500 a year? If the employer is not acquainted with nonqualified deferred compensation plans, having one could make all the difference: letting the employee defer, pretax, up to 100% of earnings, while helping the company retain talent and the adviser who suggested the plan win or solidify the business. Read more >
T. Rowe Price Launches Feature Based on Targeted Education
“Our new Engagement to Action metrics confirm our belief that targeted participant engagement leads to positive actions that propel stronger financial futures,” says Diana Awed, head of marketing and client experience for T. Rowe Price. “Sponsors can now access on-demand analytics to see which experiences resonate the most with participants by linking their specific actions with increased savings rates.” Read more >
Market Mirror
Wednesday, the Dow climbed 346.41 points (1.40%) to 25,146.39, the NASDAQ was up 51.38 points (0.67%) at 7,689.24, and the S&P 500 gained 23.55 points (0.86%) to finish at 2,772.35. The Russell 2000 increased 11.32 points (0.68%) to 1,675.95, and the Wilshire 5000 closed 234.44 points (0.82%) higher at 28,935.17. The price of the 10-year Treasury note decreased 14/32, bringing its yield up to 2.975%. The price of the 30-year Treasury bond fell 25/32, increasing its yield to 3.126%.
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