Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 5th, 2018
Neuberger Berman Dismissed as Defendant in 401(k) Self-Dealing Suit
Once a federal judge dismissed the breach of fiduciary duty claims, she found most defendants were not fiduciaries with respect to the remaining claim. Read more >
SS&C Technologies Sued Over Profit Sharing Plan Investment in Valeant Pharmaceuticals
SS&C Technologies acquired DST Systems, so the new lawsuit is similar to a previous one against DST for failing to diversify assets in its profit sharing plan. Read more >
Stradley Ronon Reviews SEC Regulation Best Interest
Regulation Best Interest lays out the core loyalty and disclosure duties of advisers and broker/dealers—and how these can be satisfied. Read more >
Half or More of Social Security Could Go to Retiree Health Care Costs
HealthView Services’ Retirement Healthcare Cost Index shows a healthy 66-year-old couple retiring today will need 48% of their lifetime Social Security benefits to address total lifetime health care expenses; a 55-year-old healthy couple will need 57% of their benefits to cover health care costs, and a 45-year-old couple 63%. Read more >
Nearly 40% of Young Adults Think Retirement Savings Can Wait
Only 31% of those between the ages of 22 and 35 are saving for retirement. Read more >
MOST READ ARTICLES
1
Finding Money for Both HSAs and Retirement Plans Can Be a Challenge for Employees
2
Fidelity Faces a Myriad of Allegations in New ERISA Lawsuit
3
Open MEPs Could Create Many Opportunities for Advisers
4
DOL Called Out for Lack of ESOP Guidance
5
Millennials Not Confident About Making Investing Decisions
Cetera Launches Adviser Loan and Equity Programs
As part of new adviser alignment and engagement initiatives, the firm this week launched an equity value participation program, as well as a loan program aimed at driving “mutually beneficial organic growth.” Read more >
Investment Product and Service Launches
Northern Trust Launches Outsourced Trading Capability; State Street and Charles River Development Acquisition Improves Investment Platform; Mercer and Morningstar Launch Digital Analytics Platform; and more. Read more >
Market Mirror
Thursday, the Dow decreased 200.91 points (0.75%) to 26,627.48, the NASDAQ fell 145.57 points (1.81%) to 7,879.51, and the S&P 500 closed 23.90 points (0.82%) lower at 2,901.61. The Russell 2000 lost 24.38 points (1.46%) to finish at 1,646.91, and the Wilshire 5000 was down 289.21 points (0.95%) at 30,005.70.   The yield for the 10-year Treasury note was 3.186%, and the yield for the 30-year Treasury bond was 3.344%.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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