Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 13th, 2018

2019 Award Nominations Are Open

The nominating process has opened for the annual PLANSPONSOR Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. As in the past years, PLANSPONSOR/PLANADVISER editors are soliciting your help in identifying qualified candidates for each award. If you work with or for, or know of, a great plan sponsor, plan adviser or plan adviser team, please help us recognize the best in the business.   Read more >
Investor Advocacy Groups Question SEC Customer Relationship Summary Form
Noting that they believe a more viable customer relationship summary form can still be developed by the SEC as part of its Regulation Best Interest proposal, a group of retiree and investor advocacy organizations has published a report calling the draft CRS form misleading and unhelpful. Read more >
Untreated Financial Stress Robs Work Force Productivity
OneAmerica’s survey shows one in three participants report that being able to meet day-to-day and monthly expenses most closely aligns with their definition of being financially well. One in four define financial wellness as having enough money to retire, followed by being prepared for a financial emergency or life event (15%), having a controlled level of debt (14%) and achieving a desirable level of income (12%), says the firm. Read more >
Prohibited Transaction Relief
The DOL nonenforcement policy provides relief from inadvertent prohibited transactions now that the new DOL fiduciary rule and best interest contract exemption have been vacated—i.e., thrown out. The IRS has also adopted the policy for IRAs. However, the policy provides only partial relief, and advisers may want to modify some practices to avoid a prohibited transaction. Read more >
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2018 PLANADVISER National Conference
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Retirement Industry People Moves
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 >
Examining Two Industry M&As
In a deal that combines two fiduciary training and technology solution providers, Fi360 has acquired the Center for Fiduciary Management. Talking through the motivation behind the acquisition, Bill Mueller, Fi360 CEO, says that compatible corporate cultures and a shared vision for the long-term future were both top factors in getting the deal done. Read more >
Student Loan Debt Relief Programs May Grow in Prominence
“If workers get help with their student loans, they are more likely to contribute to their retirement plan,” observes Joe Ellis, senior vice president at CBIZ Employee Benefits in Philadelphia. “I see the role of the adviser as being critical and student loan repayment programs as a great way to get more money into the 401(k) plan.” Read more >
Market Mirror
Yesterday, the Dow closed 27.86 points (0.11%) higher at 25,998.92, the NASDAQ dropped 18.25 points (0.23%) to finish at 7,954.23, and the S&P 500 was up 1.03 points (0.04%) at 2,888.92. The Russell 2000 closed 2.71 points (0.16%) lower at 1,715.70, and the Wilshire 5000 increased 13.51 points (0.04%) to 30,117.06. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.966%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 3.107%.

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

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

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