Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 2nd, 2018
PSCA Calls for Clearer Guidance from IRS and DOL on Missing Participants
The plan sponsor advocacy organization says there have been “numerous reports of aggressive DOL enforcement activity, and sometimes inconsistent positions taken by DOL auditors, regarding how plan sponsors are handling missing participants.” Read more >
Different Cash Balance Plan Interest Crediting Rates Can Lead to Different Results
October Three analyzes five different interest crediting rates used by cash balance plans and how they affect funding and participant benefits. Read more >
Reaching New Markets: Cash Balance Strategic Plan Terminations
“What actually is a strategic plan termination?” This is a question Dan Kravitz hears quite a lot from both defined benefit plan sponsors and retirement specialist advisers. Read more >
DOL Taking Its Fiduciary Responsibilities Seminar to Miami
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. Read more >
PGIM Advocates for Institutional Approach to DC Investing
PGIM suggests DC plan sponsors look to the investing approach of defined benefit (DB) plans, endowments, sovereign wealth funds, insurance company general accounts, sophisticated wealth management platforms and family offices. These institutional investors focus on solutions that are believed to offer a higher probability of meeting a desired outcome. Read more >
MOST READ ARTICLES
1
Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit
2
Education About Tax Treatment and Fees Could Boost 401(k) Participation
3
AARP Launches Social Security Resource Center
4
Open MEPs Could Create Many Opportunities for Advisers
5
Retirement Industry People Moves
HSAs Need to Offer Equities, Multi-Assets and Fixed Income, Devenir Says
It would also be good for them to include emerging markets equities, target-date funds, a­lt­­ernatives, international bonds and specialty bonds. Read more >
Participants Speak Clearly About Need for DC Account Income Planning
A new report published by Cerulli Associates draws out participant perspectives on the topic of DC plan decumulation, revealing that many of those leaving the work force feel “generally clueless” about how to manage their nest egg Read more >
Retirement Industry People Moves
DCIO Head Joins Putnam; Jennison Associates Adds Consultant Relations Professionals; Sales Directors Join Lincoln Financial; and more. Read more >
Market Mirror
Friday, the Dow closed 55.36 points (0.23%) higher at 24,271.41, the NASDAQ increased 6.62 points (0.09%) to 7,510.30, and the S&P 500 was up 2.07 points (0.08%) at 2,718.38. The Russell 2000 dipped 1.95 points (0.12%) to 1,643.07, and the Wilshire 5000 was up 24.06 points (0.08%) at 28,394.13.   The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.854%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.985%.   WEEK’S WORTH: For the week ending June 29, the Dow was down 1.26%, the NASDAQ lost 2.37%, and the S&P 500 decreased 1.33%. The Russell 2000 fell 2.52%, and the Wilshire 5000 finished 1.50% lower.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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