Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 27th, 2018
Attorneys General, Other Third-Parties Move to Revive DOL Fiduciary Rule in 5th Circuit
Anticipating the DOL will not itself ask the 5th U.S. Circuit Court of Appeals to reconsider a crucial mid-March panel ruling that vacated the Obama-era fiduciary rule expansion, attorneys general and retiree advocacy organizations are speaking out, asking the full appellate court to reassess its decision. Read more >
Americans on Track to Replace 64% of Income in Retirement
Participants who work with a traditional or online adviser are on track to replace 116% of their income. Those working with any paid adviser, 91%, and those with no adviser, 51%. Read more >
American Airlines Challenged for Not Offering Stable Value Fund in 401(k)
The airline company offered the AA Credit Union Fund as its capital preservation vehicle, which the plaintiffs in a lawsuit say yielded “tremendously” poor returns. Read more >
Employees Need Help Addressing Barriers to Retirement Saving
Workers who are unprepared for retirement are five times as likely as those who are prepared to cite high living expenses as a barrier to retirement planning. They are also seven times as likely to have too much debt. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
The Future of Work in the Investment Industry
Lawsuit Against Northern Trust Over TDFs Will Proceed
Sponsored message from OppenheimerFunds
OppenheimerFunds’ Kathleen Beichert on Expanding FixedIncome Options in Plan Menus.
OppenheimerFunds’ Kathleen Beichert on Expanding FixedIncome Options in Plan Menus.  Click to watch.  Read more >
UPenn 403(b) Suit Plaintiff Files Opposition to Amicus Briefs
Firms Partner to Provide Customized QDIA for DC Plan Participants
Offered by Alight Solutions, WealthSpark combines highly customized investment portfolios designed by AllianceBernstein (AB) with Personal Capital’s digital wealth management tools. Read more >
Market Mirror
Thursday, the Dow increased 238.51 points (0.99%) to 24,322.34, the NASDAQ climbed 114.94 points (1.64%) to 7,118.68, and the S&P 500 gained 27.54 points (1.04%) to finish at 2,666.94. The Russell 2000 was up 7.43 points (0.48%) at 1,557.89, and the Wilshire 5000 closed 275.87 points (1.01%) higher at 27,721.93.   The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.980%. The price of the 30-year Treasury bond climbed 29/32, decreasing its yield to 3.162%.
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