Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 7th, 2018
Ascensus Maps the Pros and Cons of Advising Small DC Plans
A lot is happening to open the doors for small businesses to offer retirement plans to employees; advisers have new opportunities and challenges as a result. Read more >
ERISA VISTA: Investigations Intensify
In recent DOL examinations, we have seen a particular focus on compensation and fee arrangements. This is because the DOL is looking for self-dealing transactions. Under the self-dealing rule, a fiduciary adviser is prohibited from using his fiduciary status to cause himself or an affiliate to receive additional compensation or to receive compensation from a third party in connection with transactions involving plan assets—e.g., from providers or investments. Read more >
Taft Hartley, Public Plans Outperform Other Institutional Investors in Q3
In aggregate, Master Trust Universe plans reported a one-year return of 6.33%, lagging its three-year annualized return of 9.15% and five-year annualized return of 7.69%.  Read more >
E.W. Scripps Plans Pension Risk Transfer With MassMutual
MassMutual has announced a pension risk transfer agreement with the E.W. Scripps Company, through which the media firm will purchase a group annuity contract and transfer approximately $50 million of pension plan obligations. Read more >
Biden’s First Veto Keeps DOL’s ESG Rule in Place
Experts Predict Major Growth in Retirement Coverage, Benefits
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
Why 529 Education Savings Plans Are More Valuable Than Ever
Nearly One-Quarter of Participants in the Dark on Their Allocations
Among those who know how their 401(k) assets are allocated, they had 51% of their assets in equities, Legg Mason learned in a survey. Read more >
Lincoln Investment Adopts ionlake’s FINRA-Compliant Texting Solution
The messages will be compliant with FINRA regulations and Lincoln’s own internal broker/dealer controls. Read more >
Consistent Retirement Savings and Investing Leads to Higher Balances
EBRI and ICI point out that 401(k) account balance growth reflects contributions of employers and workers, in addition to investment returns, and varies with participants’ asset allocation, withdrawals and loan activity. Read more >
TaxHACKer Launches Retirement Solution
A new retirement plan support program from TaxHACKer seeks to simplify complex tax and pension codes to provide a streamlined solution to clients. Read more >
Market Mirror
Tuesday, the Dow gained 173.31 points (0.68%) to finish at 25,635.01, the NASDAQ closed 47.11 points (0.64%) higher at 7,375.96, and the S&P 500 increased 17.14 points (0.63%) to 2,755.45. The Russell 2000 was up at 8.59 points (0.55%), and the Wilshire 5000 closed 165.12 points (0.58%) higher at 28,467.25. The price of the 10-year Treasury note was down 5/32, increasing its yield to 3.219%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 3.437%.
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