Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 19th, 2018
Lessons from Litigation: Process Matters Most
When it comes to fiduciary liability insurance, having the broadest possible statement of coverage is generally best; this is because it is a functional test for determining whether any given plan official or company officer is a fiduciary. Read more >
Non-ERISA 403(b)s Should Pay Attention to SEC Proposed Conflict of Interest Rule
A new Employee Benefits Law Alert from Wagner Law Group discusses how an Employee Retirement Income Security Act retirement plan would not satisfy the definition of “retail customer” in the Securities and Exchange Commission’s Regulation: Best Interest section of its new proposed conflict of interest standard; however, non-ERISA 403(b) plans may satisfy the definition. Read more >
Advisers Fret Lack of Support and Limited Autonomy
A new survey of advisers published by Schwab Independent Branch Services suggests client-facing staffers are “brimming with entrepreneurial drive,” and as a result they are increasingly drawn to independence. Read more >
Creative Funding Strategies DB Clients Should Consider
The average funding ratio of corporate defined benefit plans has gone up over time, from 78.8% in 2012 to 89.4% this year, but there is still some room for improvement, Robin M. Solomon, a partner at Ivins, Phillips & Barker, told attendees of the 2018 PLANSPONSOR National Conference, in Washington, D.C., last week. Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
AARP Finds Major Gap Between Retirement Goals and Preparedness
Sponsored message from OppenheimerFunds
OppenheimerFunds' Kathleen Beichert on Communicating the Importance of Employer-Based Retirement Plans.
Click To Watch. Read more >
Custodians Need Help Cleaning Out Abandoned Plans
Metropolitan Life Insurance Company and Brighthouse Life Insurance Company have agreed to work with the DOL to determine whether more than 2,000 retirement plans in their custody are abandoned. Read more >
Showing Clients How to Help Participants Maximize Savings
Sources at the 2018 PLANSPONSOR National Conference discussed financial wellness, choosing between Roth and pre-tax savings and saving for long-term health care expenses. Read more >
2018 PLANADVISER National Conference
With the 2018 PLANSPONSOR National Conference in the rear-view mirror, we are already hard at work planning our next big event. New at this year’s PLANADVISER National Conference will be the opportunity for advisers to earn their “PLANSPONSOR Retirement Professional” designation while at the conference. Read more >
Market Mirror
Yesterday, the Dow dropped 103.01 points (0.41%) to 24,987.47, the NASDAQ was virtually unchanged at 7,747.03, and the S&P 500 decreased 5.79 points (0.21%) to 2,773.87. The Russell 2000 increased 8.55 points (0.51%) to 1,692.46, and the Wilshire 5000 was down 14.75 points (0.05%) at 29,021.33. The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.921%. The price of the 30-year Treasury bond was unchanged, with its yield down to 3.045%.
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