PLANADVISERdash – October 26, 2021

Weekday news and analysis for retirement plan advisers

Tuesday, October 26, 2021

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Data & Research

Older 401(k) Participants Moving to TDFs More So Than Younger Participants

401(k) plan participants—especially those in older age cohorts—have been increasing their exposure to target-date funds (TDFs), according to a report from the Employee Benefit Research Institute (EBRI) and Investment Company Institute (ICI).

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Compliance

DOL Provides Transitional Relief for Investment Advice Rules

A newly issued Field Assistance Bulletin provides that investment advice fiduciaries now have until January 31, 2022, to comply with the impartial conduct standards in the fiduciary prohibited transaction exemption announced at the end of 2020.

Today’s Most Read

1.	Social Security COLA Projected at 3.2% Ahead of October Decision
2.	Marsh McLennan Agency Sees C-Suite Connection in Retirement, Wealth Advisement
3.	10th Circuit’s ‘Meaningful Benchmark’ Ruling Will Not Stymie Lawsuits, Experts Says

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Plan Sponsor Clients Need to Know What Causes a Deemed Distribution

An IRS Issue Snapshot addresses retirement plan participant loan rules that must be followed to avoid having a loan or part of a loan become a deemed distribution.

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ESG Investing Can Work in Theory. And in Action.

See how sustainable funds drove employee participation in company’s 401(k). >Read the case study.

New Benartzi Paper Dissects Narrow Framing Phenomenon

Would you accept a bet in which you win $200 if a coin lands on heads and lose $100 if it lands on tails? What if you could play twice?

Advocacy Continues for Retirement-Related Provisions in Budget Draft, Other Bills

Industry professionals who work with lawmakers in Washington say they remain hopeful that retirement security issues will be addressed in the federal government’s budget for fiscal year 2022.

Market Mirror

Yesterday, the Dow was up 64.13 points (0.18%) at 35,741.15, the Nasdaq gained 136.51 points (0.90%) to finish at 15,226.71, and the S&P 500 increased 21.58 points (0.47%) to 4,566.48. The Russell 2000 climbed 21.37 points (0.93%) to 2,312.64, and the Wilshire 5000 closed 266.20 points (0.56%) higher at 47,548.06.

The price of the 10-year Treasury note was unchanged, with its yield down at 1.633%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.082%.

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