(b)Lines Information and Insights for the 403(b) community / brought to you by PLANSPONSOR.
June 15th, 2018

PSNC 2018: Retirement Security at an Inflection Point, Part 2

Building on his presentation from a year earlier, Joe Ready, head of Wells Fargo Retirement and Trust, outlined for attendees of the 2018 PLANSPONSOR National Conference, in Washington, D.C., the broad retirement security challenges faced by the U.S. work force—taking time to highlight the most effective efforts by defined contribution (DC) plan providers, sponsors and advisers to solve participants’ pressing issues. Ready pointed out that, while he has spent 20 years working on retirement security issues, the current environment is “easily the most dynamic and exciting that I have seen during my career.” Read more >

Custom Investments May Better Fit DC Participant Demographics

Vanguard believes it’s an important part of due diligence to consider custom options. Read more >
ASK THE EXPERTS
Groom Law Group and Cammack Retirement Group will field your questions concerning 403(b) plans and regulations. Email rebecca.moore@strategic-i.com with Subject Ask the Experts


TDFs Have Helped Close the Investment Return Gap

Because of poor timing in purchasing and redeeming funds, investors tend to earn less than what the fund returns, Morningstar notes in a white paper. “Investors large and small tend to sell after downturns only to buy back after a rally,” the research firm says. “But remaining invested in target-date funds [TDFs] and benevolent market conditions have narrowed that gap.” Read more >

PSNC 2018: Spending in Retirement and Financial Shocks – Fact and Fiction

EBRI’s Lori Lucas tells PLANSPONSOR National Conference attendees that retirees actually spend less than the industry suggests employees save for retirement, and there are different reasons for that. Read more >

Fiduciary Responsibilities for DC Plan Loans

“Because the Department of Labor [DOL] views plan loans as investments, they should be treated with the same level of care and scrutiny as any other investment,” says Rob Reiskytl, a partner in retirement consulting division of Aon in Minneapolis. “Plan sponsors need to consider the structure of the loans, the cost of the loans and under what circumstances they should allow these loans to be available.” Read more >

Oregon Halts Move to Public DC Participant Investment Choice

A review found that a bill allowing employees who participate in the state’s individual account plan to select their own investments would violate the state’s legal and fiduciary standards. Read more >

FPS Group Enhances Recordkeeping Platform

The 403(b) and 457(b) plan recordkeeper offers participant enrollment, investment transparency, transactions processing and increased plan oversight. Read more >

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

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

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