October 3rd, 2018

Washington University Defeats 403(b) Lawsuit According to the district court, the consolidated complaint “pleads no facts sufficient to raise a plausible inference that defendants took any of the actions alleged for the purpose of benefiting themselves or a third-party entity.” Read more > International Paper and Prudential Transfer $1.6 Pension Obligation As part of the PRT agreement, Prudential will assume the responsibility for paying pension benefits to about 23,000 International Paper retirees. Read more > Setting Realistic Expectations about Work in Retirement Twenty-one percent of workers expect that working in retirement will provide them with a major source of income, but this is only true for 9% of retirees. Read more > PLANSPONSOR Defined Contribution Survey Open Sponsors of defined contribution (DC) plans are invited to respond to the annual PLANSPONSOR DC Survey through October 5. The survey is among our largest and most important research project of the year, but we need your clients’ help for it to be a success. Read more > MOST READ ARTICLES

Sponsored message from JP Morgan Deliver a strategic business plan to execute on your clients’ goals 97% of clients agree J.P. Morgan Retirement Link relationship managers deliver a strategic business plan to execute on their plan goals. Leverage our team with an average of 25 years’ experience to complement your client service model and empower better decisions. Read more > PANC 2018: The Value of an Adviser—Plan Sponsors Tell All Sponsors expect their advisers to be proactive and to push their plans to the next level. Read more > Americans Would Like to Automate Day-to-Day Finances When it comes to trusting a financial services firm, consumers first want it to secure their personal information; secondly, they expect it to deliver high-quality customer service. Read more > Market Mirror Tuesday, the Dow gained 122.73 points (0.46%) to finish at 26,773.94, the NASDAQ was down 37.76 points (0.47%) at 7,999.55, and the S&P 500 fell 1.16 points (0.04%) to 2,923.43. The Russell 2000 fell 16.95 points (1.01%) to 1,656.04, and the Wilshire 5000 was down 24.31 points (0.08%) at 30,255.01. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 3.053%. The price of the 30-year Treasury bond increased 19/32, bringing its yield down to 3.206%.

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