Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 6th, 2018

PLANSPONSOR 2019 Award Nominations Are Due Wednesday!

As we have in past years, the editorial team of PLANADVISER and PLANSPONSOR is soliciting your help in identifying qualified candidates for our 2019 Plan Sponsor of the Year awards program. If you work with or know of a great plan sponsor, please consider taking just a few minutes to put their name forward. With your help, we can showcase the best in the business, and in the process spotlight all the ways dedicated advisers and sponsors work together to maximize participant outcomes.  Read more >
Fund Manager Comments to SEC Bemoan ‘Flawed’ Disclosure Framework
“Because funds bear the cost of shareholder report delivery, intermediaries have little incentive to negotiate lower delivery rates with the fulfillment vendor or otherwise control costs,” the Investment Company Institute argues. Read more >
Parties Propose Settlement of Jackson National Self-Dealing Suit
The settlement amount is $4.5 million, and the Jackson National defendants admit no wrongdoing. Read more >
Key Parts of AT&T ERISA Lawsuit Dismissal Motion Fail
Another district court ruling in the matter of Alas vs. AT&T sides in part with the plaintiffs and in part with the defendants, making yet another amended complaint likely even before any allegations can advance to trial. Read more >
Live Event: The Road to Success in TDF Selection
Methodologies relying on past performance overlook the dramatic influence of market beta in recent years. As a result, we again see the industry turn toward excessive risk-taking. The tremendous increase in the number of participants close to retirement and relying on TDFs means a market correction could be devastating. Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
2023 Retirement Plan Adviser of the Year Finalists
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Complying With the Custody Rule and the New Custody Proposal
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Fidelity Analysis Shows Advantage of Long-Term Savings
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, according to Fidelity Investments. This surpasses the previous high of $104,300 in the fourth quarter of 2004 and is a 87% increase from a decade ago, when the average 401(k) balance was $56,900. Read more >
Majority of Americans Expect to Use a Robo Adviser
Nearly half of adults surveyed by Charles Schwab think that robo advice is the technology that will have the biggest impact on financial services. Read more >
Plan Sponsors Turning to Financial Wellness Programs to Improve Retirement Security
Ten percent more employers than in 2016 that offer retirement programs are measuring the financial readiness of employees to retire, a survey found. Read more >
Retirement Plans Will Continue to Use Global Equity for Returns
“Despite a growing emphasis on de-risking among large institutional asset owners, the need to generate returns and meet future funding targets remains paramount,” says John McDonough, head of distribution and marketing at OppenheimerFunds. Read more >
Market Mirror
Yesterday, the Dow gained 190.87 points (0.76%) to finish at 25,461.70, the NASDAQ closed 28.14 points (0.38%) lower at 7,328.85, and the S&P 500 increased 15.25 points (0.56%) to 2,738.31. The Russell 2000 was virtually unchanged at 1,547.51, and the Wilshire 5000 closed 125.13 points (0.44%) higher at 28,302.14. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 3.199%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 3.432%.
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