Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 20th, 2018

From the Magazine: Outscale the Competition

It has become more common for plans with upward of $20 million in assets to go through a formal RFP process to find a new adviser, says Joshua Itzoe, partner and managing director at Greenspring Advisors in Towson, Maryland. “The difference over the past couple of years is that it used to only be plans with $50 million and up in assets that did RFPs,” he says. “Now we find that smaller plans are starting to use that process, as well. A much higher percentage of our new business comes through a formal RFP process now.” Read more >
The Status of Company Matches
Among all plan sizes, 73.7% offer a match, down from 74.7% the year before. There is a spread of 17 points between micro and mega plans when it comes to matches: 67.9% of micro plans offer them and 85.0% of mega plans do so. Read more >
Considerations for Helping Terminating and Retiring Participants
“The number one duty of defined contribution plan sponsors is to act for the best interest of plan participants. And, beneficiaries and terminated employees are still participants,” Jamie Greenleaf, lead adviser and principal at Cafaro Greenleaf, pointed out to attendees of the 2018 PLANSPONSOR National Conference. Read more >
Dividends, Brokerage Accounts Key Sources of Retirement Income
“Different sources of retirement income are the threads that retirees weave together to form a protective blanket for their senior years,” says Laura Varas, CEO and founder of Hearts & Wallets. “By studying actual retirees, we gain important insights into income sources for specific groups that can shape personalized product and advice solutions going forward.” Read more >
MOST READ ARTICLES
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Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit
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Education About Tax Treatment and Fees Could Boost 401(k) Participation
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AARP Launches Social Security Resource Center
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Open MEPs Could Create Many Opportunities for Advisers
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Retirement Industry People Moves
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2018 PLANADVISER DCIO Survey
Now in its seventh year of publication, the PLANADVISER Defined Contribution Investment Only (DCIO) Survey shows a continued upward trend—albeit at a much slower pace than in previous years—for DCIO assets among the survey’s 42 participating providers. While not representative of this entire market, the survey can be seen as a proxy for the overall direction of DCIO asset levels and allocation.  Read more >
Rollover Recommendations
I provide investment advice to ERISA plan committees, plan participants and IRAs. As the DOL did not contest the 5th Circuit decision and the department’s fiduciary rule was vacated on May 7, what issues will I now need to consider in recommending plan rollovers? Read more >
Planning for Health Care Costs in Retirement Is a Personalized Process
Vanguard has issued a new framework, jointly developed with Mercer, that helps pre-retirees and retirees with planning for annual health care costs and long-term care expenses in retirement. Read more >
Market Mirror
Tuesday, the Dow lost 287.26 points (1.15%) to finish at 24,700.21, the NASDAQ decreased 21.44 points (0.28%) to 7,725.59, and the S&P 500 closed 11.18 points (0.40%) lower at 2,762.57. The Russell 2000 was up nearly one point (0.06%) at 1,693.45, and the Wilshire 5000 was down 74.84 points (0.26%) at 28,946.49. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 2.892%. The price of the 30-year Treasury bond increased 12/32, bringing its yield down to 3.026%.

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

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

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