Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 19th, 2018

Can Congress Help Change Sponsors’ Take on In-Plan Annuities?

According to Michael Kreps, principal at Groom Law Group, there is a lot of attention being paid to the MEP provisions of the RESA legislation pending in Congress, but he says plan sponsors are also very interested in the annuity safe harbor idea. Simply put, plan sponsors continue to worry about their liability stemming from the selection of an annuity provider within their DC plan. Read more >
Texting Your Clients? Don’t Overlook SEC Communication Rules
SEC examiners are concerned that the way mobile and personally owned communications devices are used by advisers pose challenges in their meeting obligations under the Books and Records Rule and the Compliance Rule. Read more >
9th Circuit Reverses Dismissal of Intel Alternative Investment Suit
The appellate panel concluded that disputes of material fact exist as to the timing of the plaintiff’s actual knowledge of the alleged fiduciary breach, precluding summary judgment for untimely filing; after a detailed discussion of ERISA requirements, the case is remanded for further district court proceedings. Read more >
More DB Plan Sponsors Facing Lawsuits Over Use of Outdated Mortality Tables
The same law firms representing plaintiffs in a case against MetLife alleging its use of an outdated mortality table violated Employee Retirement Income Security Act rules for calculating annuity benefits under its defined benefit plans has filed two similar lawsuits against PepsiCo Inc. and American Airlines Inc. Read more >
Retirees Wish They Had Been More Knowledgeable About Saving
In addition, two-thirds of those surveyed by the Transamerica Center for Retirement Studies say their most recent employers did “nothing” to help pre-retirees transition into retirement. Read more >
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Sponsored message from JP Morgan
J.P. Morgan Case study: Reverse the Search for potential discounts
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Addressing Participant Concerns
Participants do lodge complaints against their retirement plans from time to time, and all of these should be addressed, experts say. If a sponsor does not respond, it could risk a civil and/or DOL lawsuit. Read more >
The Case for Roths
In the early 1960s, Walter Mischel, a Stanford University psychology professor, devised what became known as “the marshmallow test” to study the influences of choice and self-control in young children: A child is given the option to eat one marshmallow right away, or enjoy the reward of two marshmallows if he can wait a few minutes—sitting alone in a room with both treats. Read more >
Market Mirror
Tuesday, the Dow increased 82.66 points (0.35%) to 23,675.64, the NASDAQ closed 30.18 points (0.45%) higher at 6,783.91, and the S&P 500 was virtually unchanged at 2,546.16. The Russell 2000 was down less than one point (0.07%) at 1,377.18, and the Wilshire 5000 was down 1.90 points (0.01%) at 26,158.25. The price of the 10-year Treasury note increased 11/32, bringing its yield down to 2.819%. The price of the 30-year Treasury bond climbed 25/32, decreasing its yield to 3.075%.

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

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

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