Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 16th, 2018
PBGC Publishes 2019 Premium Rates
The Pension Benefit Guaranty Corporation has added to its website premium rates for plan years beginning in 2019. The per-participant flat premium rate for plan years beginning in 2019 is $80 for single-employer defined benefit plans (up from a 2018 rate of $74) and $29 for multiemployer plans (up from a 2018 rate of $28). Read more >
Advisers Called to Help ‘Heal’ Finances
When I ask a roomful of plan sponsors, “Who’s interested in financial wellness?,’ 100% of the hands go up,” says Michael Kane, managing director of Plan Sponsor Consultants in Atlanta. Read more >
Goldman Sachs Sees Stars Aligning for Pension PRT
Clients with defined benefit plans that are currently enjoying a bump in funded status may want to act soon to lock in those gains while market conditions remain favorable. Read more >
Kaleida Health Faces 403(b), 401(k) Plan Fee Lawsuit
The complaint specifically calls out the 11 T. Rowe Price target-date funds offered by the plans, saying they are all adviser or retail class funds—as opposed to investor or institutional class funds. Read more >
SECURE Act Ensnared in Senate After Flying Through House
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Industry Demands Delay of New Jersey Fiduciary Regs, Deference to SEC
Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
Newly Allowed 401(k)s Will Need Advisers
2019 Award Nominations Closing Soon
The deadline for the 2019 Plan Adviser and Adviser Team of the Year award nominations is October 19, while the deadline for the Plan Sponsor of the Year awards nominations is November 7. Find the nomination forms for both awards here. Read more >
Boomers Express Confidence in Their 401(k) Plans
Recognizing the fact that November will mark the 40th  anniversary of the legislation that paved the way for 401(k) plans, Charles Schwab conducted a survey of Baby Boomers’ attitudes towards their 401(k) plans. Schwab notes that Boomers are the first generation to have access to a 401(k) plan for a majority of their career. Read more >
Smaller DB Plans Rely More Heavily on Third Parties
There may be more upfront effort with smaller clients, but once they are on board, they take less time, according to Cerulli. Read more >
Ladenburg Launches LIFT University Gender Diversity Program
The LIFT University program encourages women in college to learn about the financial adviser profession, connecting them with experienced mentors and recruiting opportunities.  Read more >
Market Mirror
Yesterday, the Dow was down 89.44 points (0.35%) at 25,250.55, the NASDAQ lost 66.15 points (0.88%) to finish at 7,430.74, and the S&P 500 was closed 16.34 points (0.59%) lower at 2,750.79. The Russell 2000 increased 6.44 points (0.42%) to 1,553.12, and the Wilshire 5000 decreased 123.52 points (0.43%) to 28,445.42. The prices of the 10-year Treasury note and 30-year Treasury bond were each up 2/32, decreasing their yields to 3.154% and 3.335%, respectively.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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