Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 12th, 2018

The Retirement Purse

“All of us who build glide paths look at a mosaic,” says John Croke, head of multi-asset product management at Vanguard Group, in Valley Forge, Pennsylvania. “One important piece everyone agrees on is the financial theory that there’s a return premium for investing in equities and that, for a retirement investor, it’s the right place to take risk throughout the life cycle. The second is the decline in human capital over time. That’s why glide paths are downward sloping.” Read more >
Student Debt Doesn’t Make Hardship, But Tuition Might
Two experienced ERISA attorneys at Drinker, Biddle and Reath warn against the idea of participants seeking a hardship withdrawal for the purpose of paying down student loan debt; requesting a hardship withdrawal for upcoming tuition expenses is another matter entirely.   Read more >
Ladenburg Reveals Retirement Plan Consulting Platform
The underlying technology will be provided by Retirement Plan Advisory Group and delivered to advisers with the support of a centralized team of retirement specialist consultants; Ladenburg is the parent company of five independent broker/dealer subsidiaries, including Securities America. Read more >
Retirement Savings Lost and Found Act Reintroduced in Congress
The Retirement Savings Lost and Found Act of 2018 would set up a Lost and Found online database that uses the data employers are already required to report, so that any worker can locate all of his or her former employer-sponsored retirement accounts. According to the bill text, the Retirement Savings Lost and Found Act will provide individuals only with the ability to view contact information for the plan administrator of any plan with respect to which the individual is a participant or beneficiary, sufficient to allow the individual to locate the individual’s plan. Read more >
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Sponsored message from CUNA Mutual Retirement Solutions
Take Your Practice to the Next Level
Are you looking to grow your business, or are already established and seeking ways to run a more efficient practice, the Retirement Advisor Institute has something for you. Read more >
Millennials Benefiting from Retirement Plan Modernization
Millennials are the first generation to fully benefit from improvements made to retirement plans over the last decade, according to a survey from the Empower Institute. They are on track to replace 75% of their income in retirement, compared to 64% for Americans overall, 61% for Gen Xers and 58% for Baby Boomers. Read more >
2018 PLANADVISER Micro Plan Survey
Plan design is one area where micro plans significantly trail other plans and where advisers can put their clients on a better path. The PLANADVISER Micro Plan Survey indicates that a mere 20% of these plans automatically enroll participants, and just 13% use automatic escalation. Another area where a skilled adviser may have the opportunity to gain new clients is in helping clarify the role of a fiduciary. Read more >
Market Mirror
Wednesday, the Dow dropped 219.21 points (0.88%) to 24,700.45, the NASDAQ closed 42.59 points (0.55%) lower at 7,716.61, and the S&P 500 lost 19.82 points (0.71%) to finish at 2,774.02. The Russell 2000 decreased 11.96 points (0.71%) to 1,683.66, and the Wilshire 5000 fell 176.06 points (0.60%) to 28,983.66. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.839%. The price of the 30-year Treasury bond increased 11/32, bringing its yield down to 2.938%.

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

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

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