Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 26th, 2018
Closer Examination of DOL MEP Regulations
Days after the DOL published new regulations pertaining to multiple employer plans, it is becoming clearer exactly what its 100-page proposal entails—and the consensus is that DOL is holding short of embracing “open MEPs.” Read more >
ICI Recommends SEC Create Summary Shareholder Report
A test of the summary report found more than 90% of mutual fund investors agreed it was enough to help them stay informed and was a document they would be more likely to read than current reports. Read more >
Vantage Benefits Administrators Owners Indicted for Stealing From Retirement Plans
If convicted on all counts, they face up to 81 years in federal prison. Read more >
Live Event: The Road to Success in TDF Selection
The tremendous increase in the number of participants close to retirement and relying on TDFs means a market correction could be devastating. Read more >
Investment Product and Service Launches
Fiduciary Tool Added to Broadridge Analytic Solution; SS&C Technologies Adds ERS Managed Account Solution to Recordkeeping Platform; BlackRock Launches Multiple ESG Funds and Tools; and more. Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Barnabas Health Latest to Settle ERISA Suit
The Role of the 401(k) in Today’s Tight Labor Market
Olin Corp. Soundly Defeats ERISA Lawsuit
Americans in LIMRA Survey Prefer Lifetime Income Over Lump Sums
More than half say they would prefer guaranteed income of $660 a month over a $120,000 lump sum, LIMRA SRI found in a survey. Read more >
Fidelity Offers Personalized Financial Wellness
The solution uses new digital technology to help employees assess their individual financial wellness needs. Read more >
Market Mirror
Thursday, the Dow gained 401.13 points (1.63%) to finish at 24,984.55, the NASDAQ closed 209.94 points (2.95%) higher at 7,318.34, and the S&P 500 increased 49.47 points (1.86%) to 2,705.57. The Russell 2000 was up 31.70 points (2.16%) at 1,500.40, and the Wilshire 5000 climbed 518.50 points (1.89%) to 27,897.46.   The prices of the 10-year Treasury note and 30-year Treasury bond each were down 5/32, increasing their yields to 3.123% and 3.342%, respectively.
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