Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 13th, 2018
Edward Jones Self-Dealing ERISA Challenge Leads to $3M Settlement
The plaintiffs accused Edward Jones of favoring its own investments and those of its “preferred partners” in its 401(k) plan, at the expense of performance; they also raised questions about excess recordkeeping fees. Read more >
Working With Financial Professionals Better Engages K-12 403(b) Participants
Educators who work with a financial professional exhibit more effective financial behaviors over time, have higher mean annual contributions, increase their contributions more frequently, and are more likely to monitor their account performance than those who do not, a survey finds. Read more >
Retirement Readiness Not No. 1 Measure of 401(k) Plan Success for Plan Sponsors
The Plan Sponsor Council of America’s 61st Annual Survey of Profit Sharing and 401(k) Plans finds only 31.4% of 401(k) plan sponsors use participant income replacement ratios as a success measure. Read more >
ERISA Suit Against ‘Small’ 401(k) Settled for $500K
A $500,000 settlement has been reached in a lawsuit alleging that fiduciaries to the $500 million 401(k) program offered by Pioneer Natural Resources USA breached their Employee Retirement Income Security Act duties regarding investments and investment fees. Read more >
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House Subcommittee Witnesses Bash SEC’s Regulation Best Interest
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Consider All Individual Circumstances Before Suggesting 4% Retirement Income Withdrawal
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2019 PLANSPONSOR Retirement Plan Adviser of the Year Finalists
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Will Your Errors and Omissions Insurance Policy Keep You Dry?
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Vanguard Launches Consultant Hub for Retirement Plan Consultants
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Pre-Retirees Expect to Return to Work
Fifty-three percent of workers who expect to retire in the next five years also expect to return to work, according to a survey by Home Instead Inc. Read more >
2018 PLANADVISER Retirement Plan Adviser Survey
The 2018 PLANADVISER Retirement Plan Adviser Survey, our 12th such survey, delves into the many factors that advisers consider when selecting these providers. It also reveals what companies they most like to work with and have found to excel in various subcategories of services. Read more >
Market Mirror
Wednesday, the Dow gained 157.03 points (0.64%) to finish at 24,527.27, the NASDAQ closed 66.48 points (0.95%) higher at 7,098.31, and the S&P 500 was up 14.29 points (0.54%) at 2,651.07. The Russell 2000 increased 15.19 points (1.05%) to 1,455.32, and the Wilshire 5000 climbed 162.09 points (0.60%) to 27,302.46. The price of the 10-year Treasury note was down 10/32, increasing its yield to 2.914%. The price of the 30-year Treasury bond decreased 15/32, bringing its yield up to 3.151%.

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

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

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