November 14th, 2017

Court Says Change to More Volatile Crediting Rate Not Against Top Hat Plan Terms The plaintiffs challenge three features of the 2012 amendment: the change to the crediting rate; the introduction of potential for risk and volatility into the plan; and variations in annual distribution. Read more > Franklin Templeton Targeted in Self-Dealing Fiduciary Breach Lawsuit The self-dealing lawsuit filed against Franklin Templeton levels similar claims to other class-action challenges filed by employees of well-known financial services providers. Read more > Nordstrom Charged With Allowing Excessive Fees in 401(k) Plan According to the complaint, with $2.6 billion in assets, the Nordstrom plan is one of the largest plans in the country, and as such, has enormous bargaining power to obtain low-cost administrative and investment management services. Read more > Pooling Investors' Assets Pooling investor assets results in a number of efficiencies including significant cost savings. That said, advisers should be aware of certain considerations that arise depending on the types of investors that participate in pooled investment funds. Read more > MOST READ ARTICLES

Sponsored message from HSA Bank Health Savings Accounts: Bridging the Retirement Savings Gap Learn why HSAs are gaining recognition as one tool to help employees plan for retirement savings. Read more > Robust Use of Auto-Features The Pension Protection Act of 2006 was a watershed moment for defined contribution plans and has helped change them dramatically. Before the PPA, 19% of DC plans used automatic enrollment, and today 60% do. Read more > Employees Favor Student Loan Repayment Benefits A survey from Millennial Personal Finance found most workers would rather use student loan repayment benefits than other workplace benefits.  Read more > Robust Use of Auto-Features The Pension Protection Act of 2006 was a watershed moment for defined contribution plans and has helped change them dramatically. Before the PPA, 19% of DC plans used automatic enrollment, and today 60% do. Read more > Market mirror Wednesday, the Dow fell 138.19 points (0.59%) to 23,271.28, the NASDAQ closed 31.66 points (0.47%) lower at 6.706.21, and the S&P 500 decreased 14.25 points (0.55%) to 2,564.62. The Russell 2000 was down 7.16 points (0.49%) at 1,464.10, and the Wilshire 5000 lost 136.73 points (0.51%) to finish at 26,582.46. The price of the 10-year Treasury note increased 14/32, bringing its yield down to 2.326%. The price of the 30-year Treasury bond climbed 1 10/32, decreasing its yield to 2.768%.

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