Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 29th, 2017

Annuities in DC Plans

Creating a retirement income stream from savings is, in many ways, the most complicated part of working with one’s retirement plan. Studies have shown that people like the idea of a steady income stream but are unaware of the products—specifically annuities that they can purchase to help them attain that. As plan sponsors consider their options to give plan participants access to annuities through the company plan, advisers are in a position to explain the “how”s and “why”s. Read more >
UPMC Wins in Top-Hat Anti-Cutback Lawsuit Appeal
The 3rd U.S. Circuit Court of appeals has ruled in support of the district court and defendants in a case testing the differences in anti-cutback vesting regulations applying to “top-hat” retirement plans versus traditional defined contribution or defined benefit plans. Read more >
Social Security Administration Revises Maximum Taxable Wage for 2018
The Internal Revenue Service uses the Social Security Administration’s taxable maximum to determine the taxable wage base for permitted disparity in defined contribution plan contributions. Permitted disparity allows for larger contributions or benefits with respect to compensation in excess of the Social Security wage base. 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 ERISA and the Internal Revenue Code must be met when accepting benefit plan investors, such as ERISA-covered plans and individual retirement accounts. Read more >
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1
Tax Bill Passed By Senate Backs Off 457(b), 403(b) Plan Changes
2
Education on Lifetime Income Needed in Not-for-Profit Sector
3
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
4
Congressional Democrats Continue Push on Butch Lewis Act
5
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
Judge Grants Class Certification in Citigroup Proprietary Fund Suit
A federal judge has granted class certification in a lawsuit alleging Citigroup violated its fiduciary duties under the Employee Retirement Income Security Act by offering and keeping affiliated funds in its 401(k) plans when better-performing, lower-cost funds were available. Read more >
Upcoming Webcast: The Unarticulated Needs of Plan Participants
Join PLANSPONSOR and industry experts for the webcast presentation, “Innovating to Address the Unarticulated Needs of Participants,” in which they’ll discuss: The next frontier in qualified default investment alternatives; investment vehicles, including the emergence of health savings accounts and the resurging of collective investment trusts; and the notion of a “retirement tier”, which includes tools and advice, targeted communications, investment options and plan design changes to meet the widely varying needs of participants approaching retirement. Read more >
Lower Income Workers Have Harder Time Staying in the Workforce
Remaining in the workforce for as long as feasible benefits workers in three main ways, the Center for Retirement Research at Boston College maintains in a new issue brief, “Is Working Longer a Good Prescription for All?” Read more >
Today’s Retirees Have Success Protecting Savings
More than one-third of retirees continue to grow their assets long after they stop working, BlackRock found. Read more >
Investors Have Mixed Opinions Following 2008 Financial Crisis
While 40% of people say the financial crisis of 2008 has had no lasting impact on their life, 42% say they now avoid the market and 46% have adjusted their spending and savings habits, Hartford Funds found in a survey.  Read more >
MassMutual Offers RetireSMART Ready App
The app generates a personal projection of monthly income in dollars or, if preferred, shows the progress towards a stated financial wellness goal in retirement as a percentage of pre-retirement income. Read more >
LPL Financial Offers Gainfully Social Media Platform to Advisers
The Gainfully platform is now available to LPL Financial advisers, aimed at supporting and boosting client engagement via compliance-friendly social media content curation.  Read more >
Market Mirror
Tuesday, the Dow gained 255.93 points (1.09%) to finish at 23,836.71, the NASDAQ closed 33.84 points (0.49%) higher at 6,912.36, and the S&P 500 increased 25.62 points (0.98%) to 2,627.04. The Russell 2000 was up 23.12 points (1.53%) at 1,536.43, and the Wilshire 5000 climbed 263.54 points (0.97%) to 27,296.22.   The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.328%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.755%.

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

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

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