August 1st, 2018

Plan Sponsors Shouldn’t Fear Making Settlor Decisions Adding automatic deferral escalation and stretching the match are settlor functions because they are plan amendments, so plan sponsors should not fear fiduciary litigation, even if to some participants these changes seem to be not in their best interest. (Please note, this is an exclusive feature article and requires a free registration to view.) Read more > New Enforcement Structure at FINRA; Calls for ‘Fintech’ Commentary FINRA asks advisers to share their insights about “fintech innovation in the broker/dealer industry,” while also unveiling a new structure for its enforcement staff. Read more > Guiding DB Clients to Preserve DB Funded Status Improvements Moving from equities to fixed income allows DB plan sponsors to preserve the funded status they have achieved due to market returns and capital allocations, but investment committees are looking for new asset classes that can provide greater returns at a reasonable level of risk. Read more > Data Points: Company Matches In relation to a participant’s first 6% of salary deferred, the most common company match is between 51% and 99%, cited by 33.8% of plan sponsors. Next is a 50% match, cited by 22.1% of sponsors, and then less than a 50% match, cited by 17.5% of sponsors.  Read more > MOST READ ARTICLES 1 House Committee Advances Bill With Various Retirement Plan Provisions 2 Retirement Industry People Moves 3 Employees Favor Retirement Plans That Substitute Annuities for Bonds 4 A 3.3% Withdrawal Rule Might Be More Sustainable for Retirees Going Forward 5 NFP’s Wealthspire Acquires Private Ocean

Sponsored message from Schwab Retirement Plan Services, Inc. Three Key Insights to Consider for Building Confidence and Improving Outcomes Insights on how using increased levels of guidance and advice may help build better outcomes for your clients’ employees. Read more > Half of Retirement Savers Are ‘Chasers’ Fifty-four percent of respondents to an Allianz Life survey say that other expenses are interfering with their retirement savings, and 20% say they are saving for other financial goals. Read more > JHRPS Launches Interactive Data Aggregation Feature Participants will be able to monitor spending habits, manage finances and determine savings goals, says the firm.  Read more > Market Mirror Tuesday, the Dow gained 108.36 points (0.43%) to finish at 25,415.19, the NASDAQ closed 41.79 points (0.55%) higher at 7,671.79, and the S&P 500 was up 13.69 points (0.49%) at 2,816.29. The Russell 2000 increased 17.67 points (1.07%) to 1,670.81, and the Wilshire 5000 climbed 165.11 points (0.57%) to 29,295.75. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.958%. The price of the 30-year Treasury bond increased 16/32, bringing its yield down to 3.081%.

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