Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 7th, 2020

QDIAs Have Evolved. They Will Again After the Coronavirus.

Many participants appear to be battled hardened from the Great Recession and are enjoying at least some measure of protection from well-diversified default portfolios. Read more >
Franklin Templeton Confirms Acquisition of AdvisorEngine Inc.
The digital wealth management platform serves some 1,200 financial advisory firms across the United States that collectively manage over $600 billion in assets. Read more >
CIT Expertise Puts Advisers in the Driver’s Seat
Knowledge about and connections to the collective investment trust marketplace can be a key selling point for retirement plan advisers in 2020 and beyond—especially when serving small and mid-sized clients. Read more >
Let Me Introduce Myself
For Joe DeNoyior, client referrals have played a crucial part in his three-decade career as a retirement plan adviser.  Read more >
New Obligation to the SEC
The Form CRS disclosure obligation will be triggered when you provide rollover advice to an individual who comes to you as a retail investor. There are two disclosures for rollovers. One is for new clients and the other is for existing clients, each with specific delivery requirements. Read more >
Excessive Fee ERISA Complaint Targets Cook Group
Barnabas Health Latest to Settle ERISA Suit
An Update on the SEC’s Private Fund Rule
Kellogg Faces ERISA Managed Account Fee Complaint
Strategies for Reining In Health Care Costs in Early Retirement
ADP Multiple Employer Plan Facing Excessive Fee Lawsuit
The plan’s investment adviser is also named as a defendant, accused of helping select and retain high-cost, poorly performing funds. Read more >
‘Gray Divorce’ on the Rise
The rise of gray divorce, in fact, affects some couples’ retirement and estate planning efforts dramatically, says a survey recently conducted by TD Wealth Management Services. The report is based on an in-person survey conducted during the annual Heckerling Institute on Estate Planning summit, which took place in mid-January. Read more >
Club Vita Offers Longevity Service to Segal Clients
Segal clients in the United States will also have the opportunity to engage Club Vita’s approaches to measuring and managing plan longevity risk, including annual reporting.  Read more >
Social Security Needs YOU
According to the most recently released financial status report from the Social Security Board of Trustees, the combined asset reserves of the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust funds are projected to run out by 2035. Read more >
Market Mirror
Wednesday, the Dow lost 218.45 points (0.91%) to finish at 23,664.64, the NASDAQ was up 45.27 points (0.51%) at 8,854.39, and the S&P 500 closed 20.02 points (0.70%) lower at 2,848.42. The Russell 2000 was virtually unchanged at 1,263.01, and the Wilshire 5000 decreased 173.45 points (0.60%) to 28,736.42. The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.698%. The price of the 30-year Treasury bond fell 1 29/32, bringing its yield up to 1.401%.
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