Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 9th, 2018
DOL Called Out for Lack of ESOP Guidance
A letter to the president from members of Congress asks for protection against the DOL’s practice of “regulation through litigation.” Read more >
Selecting the Optimal Investment Lineup for HSAs
Most HSAs do not even have an investment component, but this will change, as health care brokers have been driving plan sponsor adoption of HSAs, but in the future advisers will, Jamie Greenleaf, with Cafaro Greenleaf, told attendees of PLANSPONSOR’s 2018 HSA Conference. Read more >
Open MEPs Could Create Many Opportunities for Advisers
Should Congress or federal regulators eliminate the common nexus and bad apple rules that have held back open multiple employer plans, experts anticipate many more small businesses will jump in. Read more >
SEI Faces ERISA Self-Dealing Lawsuit in District Court
The lawsuit makes sweeping claims about conflicts of interest in the defined contribution retirement plan industry, suggesting financial services companies deserve extra scrutiny. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Olin Corp. Soundly Defeats ERISA Lawsuit
Senate Finance Committee Advances EARN Act
Retirement Industry People Moves
Closer Client Relationships Drive Greater Growth and Satisfaction
According to FPA, financial planners who engage in “know your client” behaviors gain deeper personal fulfillment from many more of their client relationships. Read more >
More Than Four in 10 Institutional Investors Incorporate ESG
Among foundations, that is 64%, according to a Callan report. Read more >
Moving From Health Care Spending to Health Care Saving
Speakers at PLANSPONSOR’s 2018 HSA Conference discussed educating participants about investing health savings account (HSA) assets and planning for retirement health care costs. Read more >
J.P. Morgan Recommends Real Assets for Public Pension Plans
A new report from J.P. Morgan Asset Management, “Real Assets’ Role in Public Pension Portfolios,” explores the use of real estate and infrastructure. The firm concludes that these asset classes can enhance returns and reduce volatility. Read more >
Market Mirror
Yesterday, the Dow increased 39.73 points (0.15%) to 26,486.78, the NASDAQ lost 52.50 points (0.67%) to finish at 7,735.95, and the S&P 500 was down 1.14 points (0.04%) at 2,884.43. The Russell 2000 decreased 2.60 points (0.16%) to 1,629.52, and the Wilshire 5000 closed 34.89 points (0.12%) lower at 29,788.14. The bond market was closed for Columbus Day.
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