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Weekday news and analysis for retirement plan advisers
Wednesday, May 05, 2021
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Investor Oversight Helps TDF Managers Sacrifice Returns
The number of TDFs grew from just 63 in 2000 to 2,778 in 2019, with total market capitalization surpassing $1.4 trillion. In 2019, 58% of TDFs invested only in funds of their own company, and another 20% invested between 50% and 99% in the same families’ funds.
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Compliance
‘SECURE Act 2.0’ Appears Ready to Clear Committee
Sources say the House Ways and Means Committee will likely vote to advance the Securing a Strong Retirement Act of 2021, often called a follow-up to the SECURE Act, as soon as tomorrow afternoon.
Today’s Most Read
1. Dissecting TIAA Subsidiary’s $97 Million SEC Rollover Settlement
2. Empower to Acquire Full-Service Retirement Business of Prudential
3. With Prudential Acquisition, Empower Aims for Growth Up to 3x Faster Than Other Recordkeepers
Join Us for Tried and True Lessons in Succession Planning
Join PLANADVISER’s next editorial webinar on May 11 at 2 p.m. EST; the discussion will feature Alicia Locheed Goodrow, a partner at Culhane Meadows whose practice covers succession and tax planning.
Gig Economy Expected to Expand Post-Pandemic
In some ways, the gig economy was flourishing prior to the pandemic. Studies suggest the growth is likely to continue, based on a variety of related factors.
Intelligence Driven Advisers Launches FUTUREADY401K for Small to Midsized Sponsors
The plan features a professionally managed investment lineup and fiduciary services.
A Plan Feature Run Wild
Advisers should tell their clients about the risks of taking plan loans.
Market Mirror Market Mirror Graph

Tuesday, the Dow was up 19.80 points (0.06%) at 34,133.03, the Nasdaq fell 261.62 points (1.88%) to 13,633.50 and the S&P 500 decreased 28.00 points (0.67%) to 4,164.66. The Russell 2000 lost 29.16 points (1.28%) to finish at 2,248.29, and the Wilshire 5000 closed 374.20 points (0.85%) lower at 43,559.67.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.585%. The price of the 30-year Treasury bond increased 7/32, bringing its yield down to 2.253%.

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.
Sponsored by Franklin Templeton
Living Up to Plan Sponsor and Plan Participant Expectations
In this panel discussion, we will examine how the expectations of plan sponsors and participants are evolving—and what financial professionals must do to stay competitive. Key points that will be covered are: - How to compete with more sophisticated advisory firms and the impact of consolidation - Communicating your value proposition - Delivering personalization at scale (by leveraging technology and data)
2021 Practice Progress Series: SEPs, SIMPLEs and More: Growing a Practice With Smaller Clients
Many retirement plan specialist advisers spend the bulk of their time working on 401(k) plans, and potentially on 403(b)s and defined benefit (DB) pensions. However, such solutions are often best suited for mid- and large-sized employers, and, thus, it can be challenging for advisers to profitably and efficiently serve small business clients and sole proprietorships. This is where simplified employee pensions (SEPs) and savings incentive match plans for employees (SIMPLEs) come into play. This hourlong editorial-driven webinar will feature a panel of micro-market experts addressing the related topics of efficiently and profitably serving this end of the retirement planning market. We will cover the basics of SEPs, SIMPLEs and other savings arrangement, before exploring the many opportunities this client segment affords.
2021 Practice Progress Series: Evolution in the DCIO Provider Landscape
Marking its 10th anniversary in 2021, the PLANADVISER Defined Contribution Investment Only (DCIO) Survey has been chronicling the slow but steady changes remaking this important marketplace. As our panelists will discuss during this hourlong editorial webinar, the evolution has been considerable. For example, the stable-value and insurance-based products that were common many decades ago now make up only 10% of the market, and nearly two-thirds (65%) of assets reside in asset-allocation or equity-based products. Among other trends, the panel will describe how this transformation was fueled by the explosive growth in access to mutual funds, which captured more than 70% of DC plan assets earlier this decade before falling to 56% in 2020. Attendees will also hear about what the panel expects to come next for DCIO providers, which face consolidation pressures and fee compression similar to many other parts of the investment industry.
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