Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 29th, 2020

Retirement Industry Experts Concerned by ‘Prescriptive’ Income Projections

Creating a requirement for recordkeepers to provide lifetime income projections is a popular idea, but the EBSA’s proposed framework is seen by some as simplistic and potentially even misleading. Read more >
Prospecting in Turbulent Times
Westminster Consulting LLC in Rochester, New York, amped up its outreach to potential new clients over the past few months, says Sean Patton, a partner in the firm. With the opportunity to meet new prospects at events temporarily on hold, Westminster’s advisory staff has gotten more involved with online events such as webcasts and typically does two to five of those weekly. Read more >
Retirement Savings Optimization
Advisers can help employers and plan sponsors think holistically about the cost of the benefits—including HSAs—they offer, and those benefit expenses are quite high.  Read more >
Get Ready to Participate: Plan Adviser of the Year Nominations Coming Soon!
Each fall, PLANSPONSOR opens nominations for our annual Plan Sponsor of the Year and Retirement Plan Adviser of the Year awards. The best place to learn when the nominations open for these or any other awards programs is via our daily NewsDash and PLANADVISERDash email newsletters. However, if you would like to receive an email notifying you when nominations are open, please provide your information. Read more >
TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges
Plaintiffs Claim Deloitte Breached ERISA Prudence Duties
DOL Announces Anticipated ESG Fiduciary Investing Rule
Only 31% of Hispanic Workers Participate in a Workplace Retirement Plan
Aon Triumphs in ERISA Suit Over Lowe’s Investments
Considering Health Expenses in Retirement Planning
Experts weigh in on health savings accounts (HSAs) and the need for health care education in the retirement industry. Read more >
New Voya Video Platform Offers 24/7 Access to Financial Education
The new tool comes at a time where more American workers are looking to technology as a resource for financial information and guidance.    Read more >
2020 PLANADVISER Recordkeeper Services Survey
Small businesses increasingly recognize the importance of offering retirement benefits to their workers. These can be a powerful tool for employee acquisition and retention, provide a valuable employer tax benefit, and lead to better financial health—and lower stress—for workers. Read more >
Market Mirror
Monday, the Dow increased 410.10 points (1.51%) to 27,584.06, the NASDAQ climbed 203.96 points (1.87%) to 11,117.53, and the S&P 500 closed 53.14 points (1.61%) higher at 3,351.60. The Russell 2000 gained 35.44 points (2.40%) to finish at 1,510.34, and the Wilshire 5000 gained 564.28 points (1.67%) to finish at 34,380.47. The price of the 10-year Treasury note was down 1/32, increasing its yield at 0.664%. The price of the 30-year Treasury bond fell 27/32, bringing its yield up to 1.425%.
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