Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 23rd, 2018
401(k) Plan Participants Challenge Principal’s Management of TDFs
The lawsuit alleges Principal used proprietary investment vehicles, rather than other investment vehicles, and share classes with higher fees for the underlying TDF investments, to produce more income for itself and its subsidiaries. Read more >
Tax Reform Prompts DB Plans to Accelerate Contributions
This enables corporations to expense their contributions at a higher tax rate, according to Cerulli. Read more >
Joint Congressional Committee Seeks Adviser Input on PBGC Solvency
Under the Bipartisan Budget Act of 2018, the bicameral committee is charged with improving the solvency of multiemployer pension plans and the Pension Benefit Guarantee Corporation. Read more >
Responsive Design of DC Plan Web Portals Greatly Benefits Participants
A new analysis from Corporate Insight underscores the continued proliferation of “responsive design” within retirement plan service providers’ web offerings—benefiting plan participants and sponsors. Read more >
DOL Fiduciary Responsibilities Seminar to Be Held in NYC
The seminar will be held in Queens in New York City on May 17. Read more >
Many Retirees Wish They Had Delayed Taking Social Security Benefits
Another Bill Proposed as Senate Committee Hearing Brings Calls for Retirement Action
Institutional Plans See Strong Q1 2019 Returns
RESA, RSSA, SECURE Act and More Pile Up in Congress
Excessive Fee Suit Filed Against Greystar Management
Sponsored message from Ascensus
Challenges for the Modern Adviser.
An Interview with David Musto, President, and Bob Guillocheau, Chairman & CEO at Ascensus Read more >
Investment Products and Services Launches
Neuberger Berman Addresses Volatility with PutWrite Fund; PanAgora Adds ESG Alpha Factors; and Hartford Funds Expands ETF Roster. Read more >
Retirement Industry People Moves
Wealth Management Solutions Firm Joins Kestra Financial; AXA Hires Executive for Life, Retirement and Wealth Management Business; T. Rowe Price Expands Retirement Plan Services Team with New Hires; and more. Read more >
Market Mirror
Friday, the Dow lost 201.95 points (0.82%) to finish at 24,462.94, the NASDAQ closed 91.93 points (1.27%) lower at 7,146.13, and the S&P 500 decreased 22.99 points (0.85%) to 2,670.14. The Russell 2000 was down 9.69 points (0.62%) at 1,564.12, and the Wilshire 5000 fell 219.60 points (0.78%) to 27,775.40.   The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.959%. The price of the 30-year Treasury bond fell 28/32, increasing its yield to 3.146%.   WEEK’S WORTH: For the week ending April 20, the Dow was up 0.42%, the NASDAQ finished 0.56% higher, and the S&P 500 increased 0.52%. The Russell 2000 climbed 0.94%, and the Wilshire 5000 gained 0.78%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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