Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 8th, 2018
Congress Actively Taking Up HSA Legislation
Speaking at PLANSPONSOR’s 2018 HSA Conference, Shad Fagerland, of counsel at Ivins, Phillips & Barker, discussed two bills, passed by the House, that would expand the use and benefits of health savings accounts (HSAs). Read more >
DOL, Reliance Trust Settle ESOP Pricing Lawsuit
Reliance Trust will pay $4,545,454 back to the plan within 30 days. Read more >
National Retirement Security Week Starts October 21
The National Association of Government Defined Contribution Administrators (NAGDCA) is offering free, ready-to-use participant communication materials. Read more >
Finding Money for Both HSAs and Retirement Plans Can Be a Challenge for Employees
Willis Towers Watson suggests portals integrated with financial planning tools can help employees make strategic decisions about where to best save their money based on their unique financial situation. Read more >
Millennials Not Confident About Making Investing Decisions
They are also not interested in robo advisers, preferring to work with financial professionals in person. Read more >
Stimulus Bill Extends Some Provisions of the CARES Act
Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Many Near-Retirees Don't Understand Social Security Benefits
Once They Catch On, PEPs Could Grow Exponentially
Sponsored message from MetLife
Stable value gives employees a stronger capital preservation option
90% of advisors very often recommend stable value
83% of plan sponsors find stable value more attractive than money market
Watch the videos for more insights in the 2017 MetLife Stable Value Study. Read more >
Advisers Slow to Respond to ESG Investing Demand
“Providing advisers with materials that can be used to educate clients about a firm’s approach to ESG investing is crucial in increasing adviser adoption,” says Ed Louis, a senior analyst at Cerulli Associates. Read more >
Retirement Industry People Moves
Past Wholesaler Forms Retirement Plan Consulting Firm; Pentegra Names TPA Operations Director; San Francisco-Based Advisory Firm Rebrands; and more Read more >
Market Mirror
Friday, the Dow lost 180.43 points (0.68%) to finish at 26,447.05, the NASDAQ closed 91.06 points (1.16%) lower at 7,788.45, and the S&P 500 decreased 16.04 points (0.55%) to 2,885.57. The Russell 2000 was down 14.80 points (0.90%) at 1,632.11, and the Wilshire 5000 fell 182.68 points (0.61%) to 29,823.03.   The price of the 10-year Treasury note decreased 12/32, bringing its yield up to 3.232%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 3.407%.   WEEK’S WORTH: For the week ending October 5, the Dow was down 0.04%, the NASDAQ lost 3.21%, and the S&P 500 decreased 0.97%. The Russell 2000 fell 3.80%, and the Wilshire 5000 finished 1.44% lower.
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