Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 14th, 2018
Fiduciary Duties for Auto-Portability Solution Spelled Out by DOL
The DOL has issued an advisory opinion letter in response to a request by Retirement Clearinghouse (RCH), for the Department’s opinion on the status of certain parties as “fiduciaries” as a result of actions undertaken as part of RCH’s Auto-Portability Program. Read more >
Global Retirement Rules of Thumb for International Employers
Workers in Germany face a similar savings challenge as U.S. workers, according to Fidelity; while workers in the U.K. have an easier outlook, greater longevity means those in Hong Kong may need to save 20% of salary per year. Read more >
Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition
Executives overseeing the survey report agreed that the U.S. is just beginning to see the real impact of decades of public policy decisions and private employer efforts to fundamentally reshape the retirement landscape.   Read more >
Study Suggests Multiple Provider Model Best for K-12 403(b) Plan Participants
The research found 25% greater participation in plans with 15 or more investment providers compared to plans with only one provider, and account balances are, on average, 73% higher among plans with 15 or more providers compared to single provider arrangements. Read more >
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Consider All Individual Circumstances Before Suggesting 4% Retirement Income Withdrawal
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Edward Jones Self-Dealing ERISA Challenge Leads to $3M Settlement
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Many Retirees Spending More Than They Expected
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Pension Plan Glide Paths Need to Evolve
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ERISA Litigators Reflect on Lessons Learned in 2018
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Planning for Long-Term Care Needed to Alleviate Burdens on Family Members
Among family caregivers, 60% said they had no idea how demanding it would be, and that an insurance product to help with long-term care could have alleviated some of this pressure, according to Lincoln Financial Group. Read more >
Half of Households Likely to Face a Retirement Shortfall
Looking at whether retirees will be able to replace 75% of their final-year earnings, the Center for Retirement Research at Boston College found the number of households at risk of facing a shortfall range from 42% to 60%. Read more >
Lack of Emergency Savings Intersects Retirement Concerns
The majority of respondents to a Cuna Mutual Group survey feel positive about their prospects for upward wealth mobility; on the other hand, a quarter say they have no emergency savings. Read more >
Market Mirror
Tuesday, the Dow lost 100.69 points (0.40%) to finish at 25,286.49, the NASDAQ was virtually unchanged at 7,200.88, and the S&P 500 was down 4.04 points (0.15%) at 2,722.18. The Russell 2000 decreased 3.99 points (0.26%) to 1,514.80, and the Wilshire 5000 closed 42.95 points (0.15%) lower at 28,061.18. The price of the 10-year Treasury note was up 12/32, decreasing its yield to 3.141%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 3.363%.

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

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

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