Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 21st, 2018
University of Rochester Called Out for Excessive Fees Paid to TIAA
The lawsuit claims the university failed to adequately benchmark fees, negotiate for better fees, or reveal true fees participants were paying. Read more >
Rare Motion for Reconsideration Granted by District Court in ERISA Suit
Legal experts generally consider reconsideration of a judgment an extraordinary remedy, one which will be granted only sparingly; even so, a federal district court has admitted key mistakes and says it will reconsider its ruling in a retirement plan lawsuit in which it had previously denied summary judgement in favor of the defendants. Read more >
Industry Sources Urge Lawmakers to Move Forward on Retirement Plan Proposals
A hearing focused on four bipartisan proposals, but a couple of witnesses also urged passage of the Retirement Enhancement and Savings Act of 2018. Read more >
Opportunities Exist, But Future of CITs in 403(b) Plans Remains Murky
Higher education clients with very large 403(b) plans could theoretically benefit from new laws or regulations allowing them to invest participant assets through collective trust vehicles, but for most other non-profit clients, CITs might not make that much sense. Read more >
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2018 PLANADVISER Recordkeeper Services Guide
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2018 PLANADVISER National Conference
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Participants’ Retirement Outlook Has Improved
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Half of Workers Approaching Retirement Expect to Return to Work
Sponsored message from Wells Fargo
Moving From Inertia to Income: Insights Into Delivering Successful Retirement Outcomes
New research: Actions you can take to help meet the changing retirement income needs of your clients Read more >
Gig Economy May Replace Retirement
Sixteen percent of Americans plan on having gig economy jobs in retirement. Read more >
Retirement Industry People Moves
ABG Brings in Business Development Officer for Retirement Plans and HSAs; FIS Group Hires SVP to Manage Sales and Marketing; BPAS Joins LPL Financial Retirement Partner Program; and more. Read more >
Market Mirror
Friday, the Dow was virtually unchanged at 24,715.09, the NASDAQ decreased by 28.13 points (0.38%) to 7,354.34, and the S&P 500 was down 7.16 points (0.26%) at 2,712.97. The Russell 2000 increased by 1.34 (0.08%) to 1,626.63, and the Wilshire 5000 closed 62.25 points (0.22%) lower at 28,266.59.   The price of the 10-year Treasury note increased 14/32, bringing its yield down to 3.061%. The price of the 30-year Treasury bond climbed 29/32, decreasing its yield to 3.200%.   WEEK’S WORTH: For the week ending May 18, the Dow decreased 0.47%, the NASDAQ lost 0.66%, and the S&P 500 finished 0.54% lower. The Russell 2000 gained 1.23%, and the Wilshire 5000 was down 0.31%.

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

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

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