Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 7th, 2017
CenturyLink Sued by Plan Participants Over Large Cap Stock Fund Construction
Plan fiduciaries are accused of breaching their duties in the design, management, operation and administration of an active large cap U.S. stock fund offered as a core menu investment option. Read more >
Court Finds Sponsor Cannot Fully Delegate ERISA Fiduciary Responsibilities
The case concerns a Pension Benefit Guaranty Corporation audit of the termination of IHI’s defined benefit plan. During the audit, the agency found that full distribution of assets to plan participants was not made in a timely manner and that IHI failed to pay them the full value of their annuity contracts. Read more >
Boomers Find Retirement More Fulfilling Than They Envisioned
Only 11% of retired Boomers say they spend more than they had hoped to to support dependents, a mere 9% say credit card debt is a problem, and only 9% say housing costs exceed those anticipated. Read more >
Single Women Not Safeguarding Their Futures
While 97% of single women believe it is important to be engaged in managing their money, three factors are setting them back, Fidelity Investments found in a survey. These are: underestimating their knowledge and experience, not planning for their financial future and saving too much in cash. 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
Sponsored message from Cohen & Steers
REITs: Answering the Call for DC plan Diversification
For fiduciaries looking to enhance diversification in defined contribution plans, we believe REITs can be a simple and effective addition to investment lineups. Read more >
2017 PLANSONSOR Target-Date Fund Buyer’s Guide
Key to any adviser and plan sponsor due diligence process that involves fund differentiation is to examine the asset manager’s philosophy and methodologies, such as how they use passive management or unaffiliated investment managers. Read more >
Government Plan Sponsors Seek Employee Communication from Providers
While most government employers offer defined contribution plans to their employees, only slightly more than half of those plan sponsors believe they are successful in aiding a worker’s retirement savings. Advisers can play a big role in boosting that number.  Read more >
Onboarding Clients
“Only by assessing the real aims of our clients can we craft a coordinated retirement strategy that best serves to incent, attract, reward, retain and eventually retire its work force,” says Domenic DiPiero, the firm’s president. Through this open and in-person dialogue, the adviser may discover that a company is at risk of losing top talent to a competitor, or that its pension plan’s funding status is negatively affecting the company’s financial statements, or that the company has a disproportionate number of older employees who are unable to retire and are costing the company high health care benefit premiums. Read more >
Market Mirror
Wednesday, the Dow decreased 39.73 points (0.16%) to 24,140.91, the NASDAQ increased 14.16 points (0.215) to 6,776.38, and the S&P 500 was virtually unchanged at 2,629.27. The Russell 2000 closed 7.88 points (0.52%) lower at 1,508.88, and the Wilshire 5000 was down 25.13 points (0.09%) at 27,267.42.   The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.332%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.723%.

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

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

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