Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 3rd, 2018

The Retirement Purse

How a target-date fund should react to that shift in risk is where the “to” vs. “through” debate originates, but consultants and fund managers say that the investment glide path decision should be drawn from more factors: longevity risk, or how long participants have to rely on their accumulated assets; behavioral risk, or how well they choose their investments; whether or not they will stay in their employer-sponsored plan; and when they are likely to start drawing down their retirement funds.  Read more >
Matrix Trust Company Accused of Making Unauthorized Transfers of 403(b) Plan Assets
Two 403(b) plan participants have filed a lawsuit on behalf of themselves and other similarly situated 403(b) plan participants against Matrix Trust Company for making several transfers to an unauthorized account held by recordkeeper Vantage Benefits Administrators. Matrix was engaged by Vantage to be the custodian for the assets for which Vantage recordkept. Read more >
How to Abide By the Rules When Amending a Cash Balance Plan Interest Crediting Rate
In an issue snapshot, the Internal Revenue Service (IRS) discusses the when a plan amendment reduces (or potentially reduces) the interest crediting rate. The agency first explains that Internal Revenue Code (IRC) Section 411(d)(6) provides that an accrued benefit may not be decreased by amendment, and IRC Section 411(b)(5)(B)(i) provides that an applicable defined benefit plan fails the requirements of IRC Section 411(b)(1)(H) if the plan provides interest credits that exceed a market rate of return. Read more >
2018 PLANADVISER National Conference
Whether you’re looking for fresh perspectives, a new provider partner or even the next adviser teammate, PLANADVISER National Conference (PANC) is the place to vault your practice to the next level. New at this year’s conference will be the opportunity for advisers to earn their “PLANSPONSOR Retirement Professional” designation while at the conference. Read more >
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2018 PLANADVISER Recordkeeper Services Guide
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Bill Beardsley Exits LPL Retirement Partners Business
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2018 PLANADVISER National Conference
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Participants’ Retirement Outlook Has Improved
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Half of Workers Approaching Retirement Expect to Return to Work
DOL Investigation Results in $5 Million ESOP Settlement
The settlement agreement resolves a civil suit brought by the DOL, alleging Cactus Feeders Inc. ESOP fiduciaries failed to fulfill their obligations under ERISA during a December 2010 stock transaction. Read more >
Average Deferral Rate Reaches 8.3%
Additionally, the number of plans with an initial 6% deferral rate for automatic enrollment now surpass those with 3% as the initial rate. Read more >
Participation Rates Not Affected by Student Loans
A brief by the Center of Retirement Research studied how the size and scope of student loans affects 401(k) participation and retirement wealth accumulation.  Read more >
FiduciaryFirst Revamps Website to Offer Financial Wellness
“This is a great way for our clients and prospects to receive educational tools as well as valuable information that our team has discovered through decades of research,” says Dale Faller, managing partner of FiduciaryFirst. “Our website is now a platform to deliver all of our content in a user-friendly format.” Read more >
Market Mirror
Yesterday, the Dow was up 35.77 points (0.15%) at 24,307.18, the NASDAQ climbed 57.38 points (0.76%) to 7,567.69, and the S&P 500 closed 8.34 points (0.31%) higher at 2,726.71. The Russell 2000 gained 12.02 points (0.73%) to finish at 1,655.09, and the Wilshire 5000 increased 87.82 points (0.31%) to 28,481.95. The prices of the 10-year Treasury note and 30-year Treasury bond each were down 2/32, increasing their yields to 2.869% and 2.995%, respectively.

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

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

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