Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 18th, 2018
Putnam Proprietary Fund Suit Revived on Appeal
In a case alleging disloyalty and imprudence against fiduciaries of Putnam Investment’s 401(k) plan, the 1st U.S. Circuit Court of Appeals ruled, “Finding several errors of law in the district court’s rulings, we vacate the district court’s judgment in part and remand for further proceedings.” Read more >
Education About Tax Treatment and Fees Could Boost 401(k) Participation
Findings from a Capital One survey about why employees do not participate in their employer-sponsored retirement plan offers opportunities for education, according to Stuart Robertson. Read more >
Inertia Remains a Plan Sponsor Problem, Too
The language of “inertia” and “disengagement” are often used to describe the natural state of retirement plan participants, but new research from Wells Fargo suggests plan sponsors are also prone to settling with the status quo. Read more >
Keeping Up with the Intermediaries
“Many recordkeepers are considering being able to support lifetime income products,” says Tim Slavin of Broadridge. “Many show participants on their statements how their balances will turn into projected lifetime income, and the natural next step is to offer annuities. I think you are going to see them offered from day one, rather than when a participant reaches his 50s.” 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
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IRS to Focus on Retirement Plan Distributions and 403(b) Plan Rules in 2019
A Program Letter from the Tax Exempt & Government Entities (TE/GE) Business Operating Division of the IRS offers a heads up to what retirement plan sponsors can expect from the IRS in 2019. Read more >
Wolters Kluwer Creates Tracking Software to Ease Distribution Process
Wolters Kluwer Legal & Regulatory U.S. has launched a tracking software designed to streamline qualified plan participant distributions, available for ft.william.com. Read more >
Human Interest Launches Partner Program Portal
The automated 401(k) provider says its new Partner Portal is designed to serve as the user interface for partners to more efficiently manage their client referrals. Read more >
Market Mirror
Wednesday, the Dow closed 91.74 points (0.36%) lower at 25,706.68, the NASDAQ was down 2.79 points (0.04%) at 7,642.70, and the S&P 500 was virtually unchanged at 2,809.21. The Russell 2000 lost 7.23 points (0.45%) to finish at 1,589.60, and the Wilshire 5000 decreased 26.18 points (0.09%) to 29,056.22. The price of the 10-year Treasury note was down 6/32, increasing its yield to 3.190%. The price of the 30-year Treasury bond decreased 20/32, bringing its yield up to 3.369%.

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

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

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