Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 15th, 2017
More Detail From Rep. Neal’s Automatic Retirement Plan Act
All employees would have 6% of their income contributed to a workplace retirement plan and have these contributions automatically escalated each year. Read more >
Senate HELP Committee Advances EBSA Nominee Rutledge
The advancement of President Trump’s nominee to serve as the Assistant Secretary of Labor for the Employee Benefits Security Administration might not grab mainstream media headlines, but it represents a key development for the retirement planning industry. Read more >
Lawmakers Introduce Legislation to Increase Plan Access and Lifetime Income
In addition to expanding access to MEPs, the bill would facilitate lifetime income disclosure and clarify the current annuity selection safe harbor. Read more >
Millennials Could Fare Worse in Retirement Than Older Generations
The Center for Retirement Research projects that 40% of those born between 1976 and 1985 will be unable to replace 75% of the income they received between the ages of 55 and 54 when they reach age 70 Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Senate Finance Committee Advances EARN Act
Vanguard Offers Plan Benchmarking Tool
The interactive Retirement Plan Comparison Tool is powered by Vanguard’s How America Saves data. Read more >
Investment Products and Services Launches
Hartford Funds Adds ETF Seeking Tax-Exempt Income, and Wilmington Trust Releases Margin Management Solution with AcadiaSoft Services. Read more >
Market Mirror
Thursday, the Dow decreased 76.77 points (0.31%) to 24,508.66, the NASDAQ was down 19.27 points (0.28%) at 6,856.53, and the S&P 500 closed 10.84 points (0.41%) lower at 2,652.01. The Russell 2000 fell 17.50 points (1.15%) to 1,506.95, and the Wilshire 5000 lost 123.72 points (0.45%) to finish at 27,503.09.   The price of the 10-year Treasury note was down 3/32, increasing its yield up to 2.352%. The price of the 30-year Treasury bond was up 10/32, decreasing its yield to 2.708%.
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