Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 27th, 2017
More Regulation Might Not Be Needed To Boost Use of DC Plan Lifetime Income
Experts suggest an additional annuity safe harbor regulation is unlikely and perhaps even unneeded for promoting greater use of in-plan lifetime income solutions, given that sponsors’ hesitation is often misplaced. Read more >
2017 a Light Year for Required Plan Amendments
Kyle Woods, senior associate at Alston & Bird in its Atlanta office, says in past years there have been significant year-end deadlines for retirement plans, but this year, due to fewer legislative changes that require plan amendments and the end of cycle filing for determination letters, there aren’t really many must-do items for the end of 2017. Read more >
The Courts Differ on Vicarious Liability
When advising plan sponsors about their fiduciary responsibilities, we often discuss their ongoing duty to prudently select and consistently monitor outside service providers—viz., by attending to their fees and performance. This discussion typically occurs with respect to external service providers, such as retirement plan advisers, recordkeepers, investment advisers, third-party administrators (TPAs), investment managers, etc. Read more >
Enough With Falling Fees
More than a few firms with a wide footprint in the defined contribution advisory space are actually increasing their fees—in some cases quite substantially. What is more, clients are willing to pay the higher fees in many cases because they have come to understand exactly what they are paying for and why. Read more >
MOST READ ARTICLES
1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
3
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
4
Congressional Democrats Continue Push on Butch Lewis Act
5
Education on Lifetime Income Needed in Not-for-Profit Sector
401(k) Excessive Fee, Self-Dealing Suit Filed Against Wells Fargo
The suit questions the use of actively managed versus passively managed funds. It also suggests that collective trusts and separate accounts are better vehicles than mutual funds for retirement plans. Read more >
Retirement Industry People Moves
Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement plans. Read more >
Market Mirror
Friday, the Dow gained 31.81 points (0.14%) to finish at 23,557.99, the NASDAQ closed 21.80 points (0.32%) higher at 6,889.16, and the S&P 500 increased 5.34 points (0.21%) to 2,602.42. The Russell 2000 was up 2.40 points (0.16%) at 1,519.16, and the Wilshire 5000 climbed 50.53 points (0.19%) to 27,058.83.   The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.343%. The price of the 30-year Treasury bond decreased 16/32, bringing its yield up to 2.764%.   WEEK’S WORTH: For the week ending November 24, the Dow was up 0.89%, the NASDAQ gained 1.57%, and the S&P 500 increased 0.91%. The Russell 2000 climbed 1.76%, and the Wilshire 5000 finished 1.00% higher.

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

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

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