Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 14th, 2018
Wells Fargo Faced With Revenue Sharing Lawsuit
Despite Wells Fargo’s admission and resolution of an error, the Chattanooga Fire & Police Pension Fund wants an accounting of all compensation the bank received while it was trustee of the fund. Read more >
DOL Wins Restitution of Misused 401(k) Assets
A federal district court has ordered eye-care company Eye Centers of Tennessee LLC, its owner Dr. Larry E. Patterson, and its office administrator Raymond K. Mays to pay $971,622 in restitution to the company’s 401(k) plan. Read more >
Bill Introduced to Help Small Businesses Offer ESOPs
It would provide $500 million in support of employee stock ownership plan (ESOP) programs and would operate through the Small Business Administration. Read more >
Knowledge of Retirement Plan Fees Lacking by Small Businesses
Only 19% of the small to mid-size business leaders said they are “very familiar” with their retirement plan fees, while 34% said they are “not at all familiar” with those fees. Read more >
‘Dilution’ Can Derail Outperformance in Institutional Factor-Based Portfolios
In conversation with PLANADVISER, Northern Trust Asset Management’s head of quantitative research steps through some of the pros and cons of using factor-based portfolios and so called smart-beta strategies; he sees big opportunities, but also warns about the “dilution” phenomenon. Read more >
TOP 100 Retirement Plan Advisers
What Is a DOL Adviser Investigation Like?
Managed Account QDIA Mechanics Challenge Plan Sponsor Clients
Assessing Likely Impacts of IRS Hardship Withdrawal Rule Changes
Court Returns Mixed Ruling in Schwab ERISA Self-Dealing Suit
Sponsored message from ADP
The New Tax Law
Why it might make deferred comp programs even more attractive. Click to read. Read more >
VALIC, RetireUp Offer Retirement Plan Participant Planning Tool for Advisers
Retirement Pathfinder is dynamic, allowing for ad-hoc changes and a host of different scenarios. Read more >
Retirement Industry People Moves
Barrow, Hanley Hires Director of Client Development for Fixed Income Strategies; Former SEC Counsel Joins Morrison & Foerster as Partner; Transamerica Veterans Expand Distribution Roles; and more. Read more >
Market Mirror
Friday, the Dow gained 91.64 points (0.37%) to finish at 24,831.17, the NASDAQ was down 2.09 points (0.03%) at 7,402.88, and the S&P 500 increased 4.65 points (0.17%) to 2727.72. The Russell 2000 closed 3.08 points (0.19%) higher at 1,606.79, and the Wilshire 5000 was up 43.55 points (0.15%) at 28,353.38.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.965%. The price of the 30-year Treasury note was up 12/32, decreasing its yield to 3.101%.   WEEK’S WORTH: For the week ending May 11, the Dow was up 2.34%, the NASDAQ climbed 2.68%, and the S&P 500 finished 2.41% higher. The Russell 2000 gained 2.63%, and the Wilshire 5000 increased 2.36%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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