Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 21st, 2017

Annuities in DC Plans

Advisers who can communicate how to convert accumulated retirement savings into a lifetime income strategy or draw-down strategy add great value to their business with plan sponsors and participants. Annuities are part of the answer, and being able to offer advice about how to pick the right option will be crucial because choosing a decumulation strategy is much harder than selecting an investment. Read more >
First Bankers Trust Settles Three ERISA Suits
The lawsuits alleged that First Bankers Trust violated the Employee Retirement Income Security Act when it approved stock purchases by three employee stock ownership plans. Read more >
New Complaint Alleges Excessive Fees in NYU Plans
After a federal district court judge found most claims in an earlier complaint were not plausibly alleged by the plaintiffs, they filed a second complaint in the U.S. District Court for the Southern District of New York. This case was filed against NYU Langone Hospitals, NYU Langone Health Systems, the retirement plan committee, and several named defendants. Read more >
Sizable Group of Investment Managers Pledge to Lower Fees
The median investment management fee charged to retirement plans is 38 basis points. Twenty-one percent of investment managers plan to lower their fees in 2017, the Callan Institute found in its latest Investment Management Fee Survey. Read more >
TDF Buyers Guide Examines Proprietary Trends
About 38% of the off-the-shelf TDF families—28 of those listed in our guide—use a hybrid or active/passive method of portfolio construction. Another 28%—21 suites—primarily use active underlying funds, and 27%—20 suites—favor index or passive underlying funds. The remainder cited something else in that field. Read more >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
AARP Finds Major Gap Between Retirement Goals and Preparedness
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
Six Ways to Up the Ante on DC Plans
If the plan is not already automatically enrolling participants and escalating their deferrals each year, AB says, it should be. 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. Specifically, certain requirements under the Employee Retirement Income Security Act and the Internal Revenue Code must be met when accepting benefit plan investors, such as ERISA-covered plans and individual retirement accounts. Read more >
Market Mirror
Monday, the Dow climbed 72.09 points (0.31%) to 23,430.33, the NASDAQ increased 7.92 points (0.12%) to 6,790.71, and the S&P 500 was up 3.29 points (0.13%) at 2,582.14. The Russell 2000 closed 10.57 points (0.71%) higher at 1,503.40, and the Wilshire 5000 gained 72.04 points (0.27%) to finish at 26,862.42. The price of the 10-year Treasury note decreased 6/32, bringing its yield up to 2.365%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.780%.
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