Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
May 9th, 2019
Eaton Vance to Pay $3.45 Million to Settle 401(k) Self-Dealing Lawsuit
Nothing in the settlement agreement calls for Eaton Vance to make any changes to its investment menu for the plan. Read more >
Nearly Half of Adults Are Not Saving for Retirement
Respondents to research by the CFP Board and Morning Consult described saving for retirement with the words “overwhelming,” “complicated,” “impossible” and “confusing.” Read more >
Pre-Retirees Overestimate Social Security Benefits by 28%
Just over one-quarter of adults think they can live comfortably on Social Security alone, according to a survey by the Nationwide Retirement Institute. Read more >
Insights Into How to Better Communicate Lifetime Income
A professor at the UCLA Anderson School of Management discussed biases that must be considered when helping people make retirement income decisions. Read more >
MOST READ ARTICLES
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Hub International’s Ambitious Vision for the Retirement Market
2
AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit
3
2020 Contribution and Benefit Limits Announced
4
IRS Proposes Changes to Tables Used in RMD Calculations
5
AllianceBernstein to Close its Mutual Fund Target-Date Series
Employees Want to Control Some Assets in Retirement
Given a choice between managing assets on their own or purchasing a guaranteed income option, the majority of employees surveyed for the 2019 Retirement Confidence Survey chose either managing on their own or splitting their assets between the two options. Read more >
National HSA Awareness Day Slated for October 15
The day will be highlighted with a live stream webinar from an adviser yet to be determined, who will speak on the benefits of health savings accounts (HSAs), not just for health care costs but for income in retirement, according to WEX Health. Read more >
Market Mirror
Wednesday, the Dow was up 2.24 points (0.01%) at 25,967.33, the NASDAQ closed 20.44 points (0.26%) lower at 7,943.32, and the S&P 500 was down 4.63 points (0.16%) at 2,879.42. The Russell 2000 decreased 7.34 points (0.46%) to 1,574.97, and the Wilshire 5000 lost 57.51 points (0.19%) to finish at 29.779.61.   The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.488%. The price of the 30-year Treasury bond decreased 19/32, bringing its yield up to 2.894%.

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

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