Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
January 27th, 2021
Neal Proposes New Bill to Help Multiemployer Pensions
The bill would also extend funding relief for single-employer defined benefit plans. Read more >
Even As Industry Consolidates, Breakaways Remain Common
Data from Echelon Partners shows the number of adviser or adviser team ‘breakaways’ declined by nearly 20% in 2020 versus 2019. However, 2019 set the record for breakaway activity. Read more >
Court Finds Insufficient Evidence for ERISA Claims Against Intel
The Intel Corp. Investment Policy Committee has prevailed in a second lawsuit alleging its members breached their fiduciary duties by investing a significant portion of the plans’ assets in risky and high-cost hedge fund and private equity investments. Read more >
529 plans, Student Loans and Financial Wellness
This hour-long, editorial webinar will focus on employee financial wellness, and specifically on planning for education expenses through 529 college savings plans. Budgeting and debt management will also be considered, as will the “hierarchy of savings.” Read more >
MOST READ ARTICLES
1
The Most ‘Outrageous’ ERISA Complaints Yet Filed?
2
The New Vesting Schedule Debate
3
Why Are Financial Services Firms Looking to Wealth Management Leaders?
4
What Mutual Fund Fee Disparities Mean for Retirement Savings
5
IRS Life Expectancy Tables Updated for Retirees
How to Get Participants More Engaged in Financial Wellness Programs
More employers today are investing their time and money in financial wellness programs. Now, many of them are trying to figure out ways to calculate the return on investment (ROI) of such programs. Read more >
Are You a QPAM?
The nuances of a qualified professional asset manager’s role. Read more >
Market Mirror
Tuesday, the Dow decreased 22.96 points (0.07%) to 30,937.04, the NASDAQ was down 9.93 points (0.07%) at 13,626.07, and the S&P 500 closed 5.74 points (0.15%) lower at 3,849.62. The Russell 2000 decreased 18.90 points (0.87%) to 2,149.86, and the Wilshire 5000 lost 111.02 points (0.27%) to finish at 40,802.02. The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.040%. The price of the 30-year Treasury bond was unchanged, with its yield down to 1.796%.
Industry Intel Roundup—Featured Webcasts
PLANADVISER is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webcasts sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance.
PLANADVISER Webinar: CITs and Other Investment Vehicles
Research from firms like BrightScope and Cerulli Associates shows key defined contribution plan decisionmakers, including advisers and consultants, continue to favor collective investment trusts, largely due to their relatively low-cost structure and pricing flexibility. Today, 401(k) plan assets in CITs have eclipsed the $2 trillion mark, and the growth is expected to accelerate as more investors catch on and the DC plan product set develops. CITs already dominate the large plan market, particularly within target-date funds, data show, but many CIT providers have recently lowered their investment minimums and, in certain cases, waived them altogether. Cerulli’s reporting finds that those with low or no investment minimums are more tenable investment options for smaller plans—and that advisers can help promote stronger adoption down market, where higher investment fees remain a pressing issue. Investment vehicles such as exchange-traded funds and separately managed accounts are also a point of focus, with advisers and their clients seeking new ways to put their hard-earned assets to work. This edition of the 2022 PLANADVISER Practice Progress webinar series will take the pulse of the rapidly evolving marketplace of DC plan investments, featuring timely analysis from leading experts who have long known and embraced these “emerging” investment options. If you are a DC plan adviser who wants to know more about how to invest efficiently via CITs, ETFs and other investment types, you can’t afford to miss the discussion!
PLANADVISER Webinar: Managed Accounts
Sponsored by Betterment According to a recent Deloitte report, “The Rewards and Risks of Managed Account Programs in the Wealth Management Industry,” assets in managed account programs have grown by 117% since 2012, and they now make up a substantial portion of assets under management and a majority of new asset flows for the wealth management industry. Related analyses show the role of managed accounts has grown substantially within the defined contribution retirement plan space. Experts say this growth reflects a long-term industry trend away from commission-based brokerage offerings toward fee-based advisory offerings. While there are hurdles to greater adoption, many believe managed account programs are poised for continued growth, especially as more firms have announced plans to make them a strategic priority. This edition of the 2022 PLANADVISER Practice Progress webinar series will delve into the most important questions about managed accounts, such as: • How are they built? • How are they marketed and delivered? • How can they impact firm operations and client outcomes? Don’t miss this important discussion designed to help you achieve practice progress!
PLANADVISER Webinar – Financial Wellness
Sponsored by Betterment This has been a tough year for U.S. retirement plan participants—and for workers in general. Heading into the year, core inflation was already running above 5%, and it has only spiked since. At the same time, geopolitical events have injected fresh uncertainty into what was already a frothy market, and most retirement investors have experienced substantial reductions in portfolio values. Investment managers say the markets will continue to grapple with the trade-offs between inflation and growth for the foreseeable future.
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