Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 31st, 2018

Gen Xers on Shaky Retirement Ground

The majority of Generation X believe their retirement savings will cover basic expenses as well as leisure and travel, but the fact of the matter is: 40% have no retirement savings at all, the Insured Retirement Institute learned in a survey. This is up from 35% in 2016. In addition, 66% have not tried to calculate how much they will need to save to retire. Read more >
Pioneer Money Market Performance ERISA Lawsuit Will Likely Be Amended
An interim ruling in the fiduciary breach case of Barrett vs. Pioneer Natural Resources, in which elements of the defendants’ motion to oppose class certification failed at the same time the lead plaintiff failed to prove standing, highlights the complex nature of retirement plan lawsuits. Read more >
Limited Liability of a Trustee
Plan sponsors may have an understanding of the different levels of fiduciary responsibilities under the Employee Retirement Income Security Act for discretionary trustees and directed trustees, but may not appreciate fully the implications of those distinctions, which were emphasized by a 2017 case in the Southern District of New York, Harley, et al., v. Bank of New York Mellon. Read more >
Spinning Off Separate DB Plan During Plan Year Will Not Reduce Premiums
The Pension Benefit Guaranty Corporation has established a web page, Staff Responses to Practitioner Questions. One interesting question addressed is whether spinning off a separate plan during the plan year is a way to reduce PBGC premiums. Read more >
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1
Education About Tax Treatment and Fees Could Boost 401(k) Participation
2
IRS to Focus on Retirement Plan Distributions and 403(b) Plan Rules in 2019
3
Inertia Remains a Plan Sponsor Problem, Too
4
How Rising Interest Rates Affect Stable Value Funds
5
Open MEPs Could Create Many Opportunities for Advisers
SEI Sees Advisory Fees at a Crossroads, Offers Value Roadmap
While clients may not be asking about fees or complaining directly, their changing behaviors are making advisers work harder and add more services, leading to a decrease in their firms’ net revenue. Read more >
Will Increasing Maximum HSA Limits Help Employees?
Research from EBRI shows very few employees contribute the maximum statutory limit to HSAs. Changes to the law in this area could improve that picture, researchers argue. Read more >
Retirement Plan Leakage Thwarts Automatic Enrollment
A TIAA study finds the feature’s benefit are continuously offset by pre-retirement withdrawals and plan loans.  Read more >
Market Mirror
Yesterday, the Dow was down 144.23 points (0.57%) at 25,306.83, the NASDAQ fell 107.42 points (1.39%) to 7,630.00, and the S&P 500 decreased 16.22 points (0.58%) to 2,802.60. The Russell 2000 closed 10.21 points (0.61%) lower at 1,653.13, and the Wilshire 5000 lost 191.09 points (0.65%) to finish at 29,130.65. The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.974%. The price of the 30-year Treasury bond decreased 14/32, binging its yield up to 3.104%.

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

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

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