Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 21st, 2018
Competing for Advisers With Tools and Services: Retirement Industry M&A Activity
Pressing industry trends and emerging opportunities are reflected in recent merger and acquisition activity among retirement plan advisers and service providers, and in the efforts of other firms to restructure their basic approach to sales and service; PLANADVISER hears from Fi360, AssetMark, Cetera Financial and others about their visions for the future. Read more >
401(k) Participant Mutual Fund Expense Ratios Declined Substantially Since 2000
The downward trend in the expense ratios that 401(k) plan participants incur for investing in mutual funds continued in 2017, according to Investment Company Institute data. ICI also found 401(k) plan participants investing in mutual funds tend to hold lower-cost funds. Read more >
Now in its seventh year of publication, the PLANADVISER Defined Contribution Investment Only 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 >
A Mere 0.14% of DC Balances Were Traded in May
The Alight Solutions 401(k) Index shows that in May, a mere 0.14% of defined contribution plan balances were traded. On average, 0.014% of balances were traded each day. There were 13 days favoring fixed income, representing 59% of the trades, and nine days favoring equities, representing 41% of the trades. There was only one day when trades were above normal. Read more >
Few Advisers Plan for Succession
Advisers in a larger practice are more apt to have a formal plan, with 60% of those in firms with $500 million or more in assets under administration having one. In firms with less than $50 million, just 13% have one. Succession planning also tends to focus more on the value of the business than the transition of the business. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Senate Finance Committee Advances EARN Act
Sponsored message from Wells Fargo
Minds, Hearts, and Souls: ESG as a Catalyst for Plan Success
New research: Actions you can take to meet the changing ESG needs of your participants Read more >
Cetera Debuts 401(k) Practice Development Program
Cetera Financial Group, a national network of independent advisers, has launched the 401(k) Practice Development Program for advisers currently serving defined contribution (DC) plans and those looking to break into the market. Read more >
Benefit Consultants Relaunches AdvisorEdge Practice Management Platform
Benefits Consultants Group has relaunched its AdvisorEdge Practice Management platform for 401(k) advisers. It is designed to offer advisers full turnkey practice management support and information to acquire leads and grow business.  Read more >
Market Mirror
Wednesday, the Dow was down 42.41 points (0.17%) at 24,657.80, the NASDAQ gained 55.93 points (0.72%) to finish at 7,781.52, and the S&P 500 was up 4.73 points (0.17%) at 2,767.32. The Russell 2000 climbed 13.54 points (0.80%) to 1,706.99, and the Wilshire 5000 increased 78.41 points (0.27%) to 29,024.90. The price of the 10-year Treasury note decreased 10/32, bringing its yield up to 2.935%. The price of the 30-year Treasury bond fell 25/32, increasing its yield to 3.073%.
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