Today’s Most Read
1. TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
2. DOL Announces Anticipated ESG Fiduciary Investing Rule
3. Plaintiffs Claim Deloitte Breached ERISA Prudence Duties
PLANADVISERdash – May 5, 2021
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Weekday news and analysis for retirement plan advisers
Wednesday, May 05, 2021
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Investing
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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‘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.
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 J.P. Morgan Asset Management
Mystery No More: Portfolio Allocation, Income and Spending in Retirement
How do people manage their income and spending in retirement? How do they adjust their asset allocation as they transition into retirement? Certainly, there is survey data on the subject and much informed speculation. Yet the full picture—based on empirical evidence that shows how people actually behave—has remained elusive. Drawing on an Employee Benefit Research Institute (EBRI) database of more than 23 million 401(k)1 and IRA accounts, and JPMorgan Chase data for around 62 million households, we studied 31,000 people as they approached and entered retirement between 2013 and 2018 to demystify what actually happens as people transition into retirement.2
2021 Practice Progress Series: Learning From PLANADVISER: Retirement Plan Adviser Survey
Sponsored by American Century Investments This hourlong, in-depth discussion of our annual flagship research survey can’t be missed! As our survey shows, retirement plan advisers, perhaps more than any other experts in our industry, have a good sense of the relative strength of the products and services offered by investment and recordkeeping providers. One adviser, speaking last September at the virtual 2020 PLANADVISER National Conference (PANC), said he works with more than 20 recordkeepers concurrently. And that might just be the median number; another speaker said her firm has relationships with over 60! Get the inside scoop about the leading retirement industry providers during this exclusive panel discussion.
Sponsored by Lincoln Financial
Retirement Plan Design: Don’t Forget a Plan For Retirement
Participants not only need to save in their retirement plan—they need a plan for retirement. In-plan guaranteed retirement income can boost their retirement readiness and benefit your clients. Their success is your success—be proactive by delivering value through addressing retirement transitions. It’s critical to address retirement transitions. In this session, we’ll focus on participant needs and how you can bring retirement income in-plan. We’ll discuss: Evolution of DC plans Consumer demand for in-plan guaranteed income Benefits to plan sponsors and participants Guaranteed income options, with an in-depth review of guaranteed lifetime withdrawal benefit designs
Sponsored by Franklin Templeton
Financial Independence is the New Retirement
“Retirement” has become an antiquated term, and most workers are seeking a future that suits their personal goals. Employees are more interested in achieving financial independence and, with it, the freedom to pursue whichever lifestyle they desire. In this webinar you’ll hear from a panel of experts on how advisers can adjust their approach to employer sponsored retirement plans to better support employers and employees in their pursuit of financial independence.
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