Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 14th, 2018
2018 PLANADVISER Recordkeeper Services Guide
As seems to be the case everywhere, for the recordkeeping industry, the most significant area of development is data analytics. This is not just about leveraging “big data,” says Jeff Acheson, divisional president of Independent Financial Partners Plan Advisers in Tampa, Florida, but “good data.” Read more >
Participants in Abandoned Plan Get Help From DOL
The Department of Labor has entered into an agreement with the fiduciaries of the Sacred Heart Hospital Profit-Sharing 401(k) Plan to appoint an independent fiduciary to manage and distribute assets of the Chicago-based retirement plan to its nine participants. Read more >
Non-ERISA 403(b) Plan Sponsor Cited for Late Deposit of Deferrals
The Edgar P. Harney Spirit of Excellence Academy received a Notice of Non-Compliance, Level 2, “because the school has been deemed non-compliant with its contractual obligations regarding financial management as identified in the charter operating agreement,” according to a letter sent to school officials by the Orleans Parish School Board. Read more >
Inheritance Is Not a Sound Retirement Strategy
Younger workers who came of age during the Great Recession are now making decisions that will have a lasting impact on their ability to generate wealth, including their ability to prepare for retirement, according to a new survey. Read more >
MOST READ ARTICLES
1
Half of Households Likely to Face a Retirement Shortfall
2
Proposed Hardship Withdrawal Amended Regulations Issued by IRS
3
Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition
4
Average Age Americans Plan to Retire Is 62
5
High-Net-Worth Individuals Would Like to Use RMDs to Offset Taxes
Sponsored message from MetLIfe
Stable value gives employees a stronger capital preservation option
90% of advisors very often recommend stable value 83% of plan sponsors find stable value more attractive than money market Watch the videos for more insights in the 2017 MetLife Stable Value Study. Read more >
Participants’ Retirement Outlook Has Improved
Fifty-two percent think they will be able to retire at their ideal retirement age, and 52% say they either somewhat or strongly agree that their savings will last throughout their lifetime. Read more >
Preparing Participants for Retirement Is Sponsors’ Top Concern
To help employees achieve their savings goals, 82% of sponsors are making changes to plan design, and 83% are updating their investment menus. Read more >
Market Mirror
Yesterday, the Dow lost 125.44 points (0.50%) to finish at 25,187.70, the NASDAQ was down 19.40 points (0.25%) at 7,819.71, and the S&P 500 decreased 11.35 points (0.40%) to 2,821.93. The Russell 2000 fell 11.49 points (0.68%) to 1,675.32, and the Wilshire 5000 closed 137.98 points (0.47%) lower at 29,428.86. The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.875%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 3.046%.

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

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

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