Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 5th, 2017
Senate Tax Reform Success Sets Up High Stakes Conference Committee Process
With the passage of the Senate’s version of tax reform, the stage is set for a bicameral conference committee process through which a select group of legislators will try to rectify the House and Senate bill texts.   Read more >
Excessive Fee Suit Filed Against Multiemployer Plan
Featuring a familiar set of allegations, an excessive fee lawsuit seeking class certification has been filed against the Board of Trustees of the Supplemental Income 401(k) Plan, a multiemployer plan for union members. Read more >
Plaintiffs Ask Court Not to Approve J.P. Morgan Stable Value Suit Settlement
“Four of twelve Class Representatives opposing the settlement is a Red flag for this Court,” says a memorandum of opposition filed with the U.S. District Court for the Southern District of New York for a lawsuit challenging underlying investments in J.P. Morgan stable value funds. Read more >
More Than One-Third of U.S. Households Own IRAs
Traditional IRAs remain the most popular type of IRA, owned by 28% of U.S. households. The next most common is Roth IRAs, held by 10% of U.S. households. The third most common is employer-sponsored IRAs, owned by 6% of U.S. households. 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
Education on Lifetime Income Needed in Not-for-Profit Sector
4
Congressional Democrats Continue Push on Butch Lewis Act
5
Settlement Ends Fujitsu Lawsuit Filed Over Plan Fees, Custom TDFs
ETF Expense Ratios Drive Investor Interest in 2017
For the first time in the survey’s five-year history, “expense ratio” was ranked as the top criteria for ETF selection. According to data provided by the firms, nearly two-thirds of advisers and institutional investors ranked expense ratio as “very important” when selecting ETFs, ahead of the nine other factors evaluated for importance. Read more >
Spouses Play Increasingly Influential Role Alongside Advisers
The biggest unmet advice consumer need, according to Hearts & Wallets, is “recommendations for minimizing taxes.” Only 21% of consumers cite a need for investment selection in comparison to 44% who say tax advice is an unmet need. Read more >
Sixty Percent of Plans Automatically Enroll Participants
Among larger plans, those with $200 million or more of assets, 66% use automatic enrollment, but among plans with less than $200 million, only 51% do. “Future growth in the adoption of auto enrollment will, therefore, likely come from smaller plans,” DCIIA says. Read more >
Market Mirror
Yesterday, the Dow closed 58.46 points (0.24%) higher at 24,290.05, the NASDAQ lost 72.22 points (1.05%) to finish at 6,775.37, and the S&P 500 was down 2.79 points (0.11%) at 2,639.43. The Russell 2000 decreased 4.61 points (0.30%) to 1,532.41, and the Wilshire 5000 closed 40.91 points (0.15%) lower at 27,407.10.   The price of the 10-year Treasury note and the price of the 30-year Treasury bond were each down 2/32, increasing their yields to 2.371% and 2.767%, respectively.

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

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

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