Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 5th, 2016
Neuberger Berman 401(k) Latest Cited in Self-Dealing Suit
The complaint says each time the plan paid fees to Neuberger Berman, or other Neuberger entities, in connection with the investments in proprietary funds, the defendants caused the plan to engage in a prohibited transaction under ERISA. Read more >
Advisers Embrace Social Media, Taking Cue from Wealthiest Clients
Interestingly, the desire to utilize more digital communication pathways does not necessarily mean wealthy investors don’t want to see their advisers’ faces: 40% of ultra-high net worth investors of all ages indicate that video chatting is a service they would utilize, Spectrem Group finds. Read more >
Institutional Investors See Low Returns Again in Q2
“Weak international returns contributed to a median plan return that underperformed the 60/40 portfolio in the second quarter and for the year ending June 30, 2016,” says Robert Waid with Wilshire Associates. Read more >
Measuring and Mastering Profitability
The 20/80 rule is well-known in the retirement plan advisory industry. “They say that 20% of your clients give you 80% of your revenue,” says Michael Kane, managing director of Plan Sponsor Consultants in Atlanta. “They also say that, for some newer advisers, 20% of their clients take up 80% of their time—which is unfair to their good clients.” Read more >
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
The New Vesting Schedule Debate
Lawsuit Accuses Fiduciaries of Chasing Low Fees Without Regard to Performance
What Mutual Fund Fee Disparities Mean for Retirement Savings
Why Are Financial Services Firms Looking to Wealth Management Leaders?
Education Savings Take Precedence for Many Families
More than three-quarters (76%) of parents would be willing to delay their retirement and 68% would be willing to get a second or part-time job to pay for children’s college education. Read more >
Clear Link Between Traditional IRAs and Rollovers
According to ICI data, at year-end 2014, nearly a third of Roth IRA investors were younger than 40, compared with just 15% of traditional IRA investors. Read more >
Investment Product and Services
BMO Global Asset Management expands availability of stable value fund; American Funds offers new fixed income funds, and more. Read more >
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