December 18th, 2017

Average Worker Will Pay More Than $150K in 401(k) Fees Higher-income workers, making $90,000 a year, will pay $277,000, according to America’s Best 401k. Read more > Nonprofit Plan Sponsors Require Deeper Fiduciary Education A number of key terms commonly present difficulty for plan sponsors of all sizes—in particular the terminology surrounding “revenue sharing,” “fee levelization,” “fee policy statements,” and “3(21) vs. 3(38) advisers.” Read more > Divorce and Failing Health Amid Overlooked Retirement Roadblocks Clients and advisers alike often overlook the possibility of divorce or losing a spouse in their financial planning, according to TD Ameritrade’s latest survey. Read more > Retirement Industry People Moves T. Rowe Price brings in new head of CEDT Innovation Center; Kestra Financial adds specialists to adviser platform; USI Consulting hires assistant vice president of retirement services; and more. Read more > MOST READ ARTICLES

Sponsored message from American Century 5th Annual National Survey of DC Plan Participants Survey reveals that employees look to employers for guidance in saving and investing for retirement. Read more > Mercer Experts Put Odds In Favor of Republican Tax Reform Success The text of a combined bill drawing together the House and Senate proposals is slowly emerging ahead of critical up-or-down floor votes scheduled for early this week Read more > Retirement Plan Technology and Security Landscape Evolves Quickly A new Corporate Insight report offers a brief history of the development of financial services technology security measures introduced since 1996—delivering for retirement plan fiduciaries important contextual information about today’s evolving best practices. Read more > Market Mirror Friday, the Dow gained 143.08 points (0.58%) to finish at 24,651.74, the NASDAQ closed 80.06 points (1.17%) higher at 6,936.58, and the S&P 500 increased 23.80 points (0.90%) to 2,675.81. The Russell 2000 increased by 23.47 points (1.56%) to 1,530.42, and the Wilshire 5000 climbed 231.22 points (0.84%) to 27,734.32.   The price of the 10-year Treasury note increased 2/32, bringing its yield down to 2.348%. The price of the 30-year Treasury bond up 13/32, decreasing its yield to 2.688%.   WEEK’S WORTH: For the week ending December 8, the Dow finished 1.33% higher, the NASDAQ was up 1.41%, and the S&P 500 increased 0.92%. The Russell 2000 gained 0.57%, and the Wilshire 5000 was up 0.79%.

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