February 23rd, 2018

Paycheck Bumps and Tax Reform Present Crucial, Brief Savings Opportunity During a recent webinar hosted by Broadridge on the impacts of tax reform, experts urged advisers and sponsors to push participants to save—not spend—any extra pay coming in as a result of tax reform. Read more > California Lawmaker Pushes for State DC Plan Option A new bill in the California legislature would offer new state employees a 401(k)-style plan in which their own contributions would be fully matched by the state. Read more > Fidelity Stable Value Fund Suit Gets Final Dismissal From Appellate Court The court said the plaintiffs claim that Fidelity agreed to overly conservative investment guidelines in a failed effort to lock up all wrap coverage so that its competitors would not be able to obtain such coverage made little sense. Read more > SEC Extends Deadline for Open-End Fund Liquidity Classification However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s portfolio remain unchanged: December 1, 2018, for larger fund groups and June 1, 2019, for smaller fund groups. Read more > MOST READ ARTICLES 1 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 2 Home Depot ERISA Lawsuit Clears Dismissal Motions 3 A New World and New Opportunities for Alpha 4 Excessive Fee Lawsuit Filed Against Duke Energy 5 AutoZone ERISA Suit Clears Motion to Dismiss

Sponsored message from Empower Retirement Introducing My Total Retirement Every employee in your client’s plan is unique.  Shouldn’t their retirement strategy be unique too? Learn more. Read more > DC Plan Investors Stayed the Course in the First Nine Months of 2017 Only 2.4% discontinued contributions, a mere 2.8% took withdrawals and just 1.3% took hardship withdrawals, ICI data show Read more > Investment Products and Services Launches Putnam Announces New Pricing for TDFs; First Trust to Launch AI and Robotics ETF; and Vanguard Launches Factor-Based ETFs. Read more > Market Mirror Thursday, the Dow gained 164.70 points (0.66%) to finish at 24,962.48, the NASDAQ was down 8.14 points (0.11%) at 7,210.09, and the S&P 500 increased 2.63 points (0.10%) to 2,703.96. The Russell 2000 decreased 1.85 points (0.12%) to 1,529.99, and the Wilshire 5000 was up 7.33 points (0.03%) at 27,980.30.   The price of the 10-year Treasury note increased 8/32, bringing its yield down to 2.921%. The price of the 30-year Treasury bond was up 7/32, decreasing its yield to 3.211%.

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