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July 17th, 2018 |
MetLife Suggests Four Core Principles for Creating a Financial Wellness ProgramThe second whitepaper in a series says financial wellness is centered around four core principles: financial awareness, financial health, financial security and financial inclusion.Read more > |
Sifting Through Retirement Plan RegulationsOne question that came up repeatedly from attendees at the 2018 PLANSPONSOR National Conference went pretty much like this: What is the real source of the almost comical amount of regulatory uncertainty impacting retirement plans, and how can plan sponsors or even their skilled advisers be expected to keep up with the myriad twists and turns? And a related question involved how to set aside the uncertainty and do the hard work of practically interpreting the different levels of regulation put out by entities like the Department of Labor (DOL) and Internal Revenue Service (IRS)—from “field assistance bulletins” and “interpretative bulletins” to “guidance letters” and “private letter rulings.”Read more > |
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Missing InactionWhat are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?Read more > | Asset Class Returns Account for Disparity in Public DB Plan Performance ResultsAnnualized investment returns for public defined benefit (DB) plans in the top and bottom quartiles were 6.3% and 4.6% respectively—a difference the CRR says could account for roughly a 20-percentage-point disparity in their funded ratios. The differences in overall portfolio returns could result from differences in asset allocation and/or asset class returns. To understand how each factor contributed to the lower performance of plans in the bottom three quartiles, the Center for Retirement Research at Boston College performed an analysis based on newly collected data from the Public Plans Data (PPD) website.Read more > |
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