Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 9th, 2018
Broker/Dealers Must Move to Support True Financial Planning
More than 60% of advisers polled by Cerulli Associates agree that client demand for “financial planning” is increasing; at the same time, broker/dealers are refining their digital planning support for advisers in order to retain top talent. Read more >
IRS Asks for Comments on Determination Letters for 2019
The agency ended its determination letter program effective in 2017, but said it will measure the need for exceptions in a variety of ways including annual input from the Employee Plans (EP) community. Read more >
Ruling on NY Times Multiemployer Plan Arbitration Challenge Rejects Use of ‘Segal Blend’
Following extensively detailed deliberation citing important SCOTUS rulings and other precedents, the district court ruling rejects a multiemployer plan’s usage of the so-called “Segal Blend” to set the discount rate for assessing a member’s withdrawal liability. Read more >
Roth Option Viewed as Another Avenue for Diversification
Experts say sponsors should offer a Roth option so that participants can diversify their tax situation in retirement. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Olin Corp. Soundly Defeats ERISA Lawsuit
Senate Finance Committee Advances EARN Act
Retirement Industry People Moves
Sponsored message from Voya Financial
Defining Value In a Dynamic Market.
Bill Harmon of Voya Financial discusses the advisor’s role. Read more >
Retirement Industry People Moves
Voya Promotes Plan Administrator to Client Relations VP; Hirtle Callaghan Hires CIO; The Standard Hires National Accounts Relationship Manager; and more. Read more >
More Advisers Want to Go It Alone
Many motives behind the switch to RIA Read more >
Market Mirror
Friday, the Dow fell 572.46 points (2.34%) to 23,932.76, the NASDAQ lost 161.44 points (2.28%) to finish at 6,915.11, and the S&P 500 closed 58.37 points (2.19%) lower at 2,604.47. The Russell 2000 was down 29.63 points (1.92%) at 1,513.30, and the Wilshire 5000 decreased 371.25 points (1.35%) to 27,049.45.   The price of the 10-year Treasury note increased 16/32, bringing its yield down to 2.775%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 3.020%.   WEEK’S WORTH: For the week ending April 6, the Dow was down 0.71%, the NASDAQ fell 2.10%, and the S&P 500 lost 1.38%. The Russell 2000 decreased 1.05%, and the Wilshire 5000 finished 1.32% lower.
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