Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 17th, 2018

Join Us for Best of PSNC 2018

If you have plan sponsor clients located near Boston, Chicago, Houston, New York City, or San Francisco, please encourage them to join PLANSPONSOR for a free half-day event in November focused on retirement plan trends and best practices. The Best of PSNC 2018 series kicks off at the University Club of Chicago (Nov. 13) before moving on to the Harvard Club of New York City (Nov. 14) and the Boston Marriott Newton (Nov. 15). Two weeks later, we are in San Francisco at the JW Marriott, Union Square (Nov. 27), and in Houston at the Four Seasons (Nov. 28). Advisers are encouraged to join their clients at the event; there’s no better way to stay up to date on the latest challenges your clients face. Read more >
Deriving the Retirement Happiness Function
Rather than look at objective rankings of retirement systems, State Street set out to measure how it feels for individuals to prepare for, approach and experience retirement. The firm has some specific recommendations based on its findings.  Read more >
Employees Report Blows to Retirement Savings and Financial Wellness Due to Health Costs
In addition to decreasing savings to retirement plans, one-third of employees say they have used up all or most of their savings or have increased their credit card debt due to health care costs, a survey finds. Read more >
Half of Millennial Business Owners Work With a Retirement Adviser
Half of Millennial business owners have a dedicated adviser helping them with retirement planning, compared to 43% of all business owners, a survey by Nationwide found.  Read more >
Student Loan Debt Relief Programs Grow in Prominence
One way employers can provide student loan debt relief is by partnering with an outside vendor that offers refinancing, with the employer picking up the transaction cost.  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
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. Read more >
Approaches to Income
“We are seeing a DC industry in which plan sponsors and consultants are taking a degree of control away from the participant, with the intention of guiding plan participants to better decisions about retirement savings,” says Bing Waldert, a managing director at Cerulli. “As part of this continued innovation, converting the 401(k) plan to an income platform is a step in taking DB market experience and applying it to the 401(k) market.” Read more >
TAG Adds 3(38) Investment Manager Support to 401(k) Plans
Mesirow Financial will serve as the 3(38) investment manager for TAG’s 401(k) Aggregated Solution. Read more >
Market Mirror
Tuesday, the Dow rebounded 547.87 points (2.17%) to finish at 25,798.42, the NASDAQ climbed 214.75 points (2.89%) to 7,645.49, and the S&P 500 gained 59.13 points (2.15%) to finish at 2,809.92. The Russell 2000 closed 43.74 points (2.82%) higher at 1,596.84, and the Wilshire 5000 soared 636.98 points (2.24%) to 29,082.40. The price of the 10-year Treasury note was down 1/32, increasing its yield to 3.159%. The price of the 30-year Treasury bond was up 4/32, decreasing its yield to 3.332%.

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

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

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