November 21st, 2018

Last Call for Plan Sponsors and Advisers in San Francisco and Houston! We’ve already had three successful Best of PSNC events, and are heading west after Thanksgiving. We’ll be talking about regulation and litigation, investment menu considerations, financial wellness, and QDIA considerations, among other topics in a concise half-day format. Join us next week in San Francisco and Houston for PLANSPONSOR’s final two conferences of 2018!  Read more > ERISA Industry Stakeholders Analyze Auto-Portability Potential While enjoying broad support, at this early stage, it is unclear what responsibility a plan sponsor would retain for data security and accurate processing; in addition, auto-portability solutions may be limited by recordkeepers’ willingness to share participants’ personally identifiable information with a third party. Read more > Lawsuit Challenges Health Care Organizations Governmental Plan Status A lawsuit claims Atrium Health does not meet the definition of governmental entity under ERISA, so its retirement plans do not fall under ERISA’s governmental plans exemption. Read more > Equity Compensation Plan Participants Could Be Holding Too Much Company Stock According to a nationwide survey from Schwab Stock Plan Services of 1,000 equity compensation plan participants who receive stock options or restricted stock awards and/or participate in employee stock purchase plans, equity compensation accounts on average for nearly 30% of employees’ net worth. Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 Complying With the Custody Rule and the New Custody Proposal

Sponsored message from Natixis Actively Changing the Climate of Target Date Funds Sophisticated Methodology. Sustainable Ideology. Innovative Glidepath Design. Natixis Sustainable Future Funds: The industry’s first ESG-driven target date mutual funds. Read More > Read more > Millennials the Most Likely to Own Mutual Funds in Their Retirement Plan Of all demographic groups, Millennial households are the most likely to own mutual funds only through their employer-sponsored retirement plans, according to the Investment Company Institute.  Read more > Pentegra Makes 403(b) MEP Available to Advisers Nationwide The expanded distribution of the program seeks to take advantage of the Department of Labor’s recent focus on expanding MEP coverage, the firm says. Read more > Market Mirror Tuesday, the Dow dropped 551.80 points (2.21%) to 24,465.64, the NASDAQ fell 119.65 points (1.70%) to 6,908.82, and the S&P 500 lost 48.84 points (1.82%) to finish at 2,641.89. The Russell 2000 closed 27.53 points (1.84%) lower at 1,469.01, and the Wilshire 5000 dropped 499.28 points (1.80%) to 27,202.98. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 3.063%. The price of the 30-year Treasury bond was up 2/32, decreasing its yield to 3.319%.

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