Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 9th, 2018
Debt Needs to Be Addressed in Financial Wellness Programs
The four domains of well-being (health, money, work and life) all play a critical role in an employee’s total well-being, according to a study that found workers are struggling most in the financial domain, where 42% fall into the “unwell” category. Read more >
Retirement Planning Must Include Discussions About Health Care Costs
Although 76% of advisers say their clients are confident in their plan to pay beyond what Medicare covers for health care during retirement, nearly two-thirds of advisers say their clients expect advice on health care costs in retirement, and 34% say their clients would likely leave them if they didn’t help them estimate and plan for out-of-pocket health care costs in retirement. Read more >
Citigroup, 401(k) Participants Agree to Settle ERISA Lawsuit
In a lawsuit alleging that Citigroup violated its fiduciary duties under the Employee Retirement Income Security Act (ERISA) by offering and keeping affiliated funds in its 401(k) plans when better-performing, lower-cost funds were available, the parties have reached a settlement agreement, without any admissions of liability as to any claims, or as to the weakness or strength of either party’s respective claims or defenses. Read more >
MOST READ ARTICLES
1
Many Retirees Spending More Than They Expected
2
Progressive Plan Design Features Have Moved Down-Market
3
ERISA Litigators Reflect on Lessons Learned in 2018
4
Consider All Individual Circumstances Before Suggesting 4% Retirement Income Withdrawal
5
MetLife Pension Calculations Questioned in ERISA Complaint
Focusing 403(b) Plan Clients on Document Remedial Amendment Period
The last day of the 403(b) plan remedial amendment period may seem far off, but it’s not, and both Employee Retirement Income Security Act (ERISA)-governed and non-ERISA 403(b) plan sponsors need to start working on any plan restatements now. Read more >
Rollover Recommendations
Under the old fiduciary rules, which now apply again, some rollover recommendations may still be fiduciary acts resulting in a prohibited transaction. Read more >
PLANADVISER Defined Contribution Investment Only (DCIO) Survey
While not representative of this entire market, the survey can be seen as a proxy for the overall direction of DCIO asset levels and allocation. Read more >
Market Mirror
Wednesday, the Dow closed 45.16 points (0.18%) lower at 25,583.75, the NASDAQ was up 4.66 points (0.06%) at 7,888.33, and the S&P 500 was virtually unchanged at 2,857.70. The Russell 2000 decreased 1.42 points (0.08%) to 1,686.88, and the Wilshire 5000 was down 5/31 points (0.02%) at 29,759.25.  The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.967%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 3.115%.

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

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

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