Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
June 1st, 2017
Benefits & Administration
Recordkeeper Consolidation to Continue in 2017
During a recent conversation with PLANSPONSOR, Raghav Nandagopal, executive vice president of corporate development and mergers/acquisitions at Ascensus, took some time to explain the firm’s strategic vision for the near- and mid-term future. He says most of the recordkeeper merger and acquisition (M&A) action will center on “the good number of regional banks, regional insurance companies and other entities in financial services realm who have captive, legacy retirement businesses.” Read more >
Millennials Striving for Early Retirement
U.S. Millennials (born between 1980 and 1997) expect to retire at age 58 and are taking a number of steps to make it happen, according to HSBC’s latest Future of Retirement research. However, economic issues and longer life expectancy present significant challenges to Millennials’ retirement plans. Read more >
MOST READ ARTICLES
1
Adidas Sued Over Excessive Fees for 401(k) Participants
2
(b)lines Ask the Experts – Proper Delivery Method for SPDs
3
Yale Sued Over Wellness Program ‘Penalty’
4
Employees in Two States Miss Out on One HSA Benefit
5
Some Help for Women’s Retirement Savings Gap May Be Coming
Helping Gen X With Financial Wellness
While Millennials and Baby Boomers get much attention, it could be argued that Generation X is the most in need of financial wellness help. For Gen Xers, according to Larisa Terkeltaub, senior director of LearnVest at Work, aside from credit card and student loan debt and saving for emergencies and retirement, there’s an additional layer when it comes to prioritizing competing goals. Many parents tend to put their family’s needs, such as paying for their children’s college, ahead of saving for their own retirement and accelerating their debt repayment. Parents strive to provide their families with everything they need, which at times can come at the cost of their own savings plan. Read more >
Products, Deals and People
HealthEquity announced it will be rolling out a new suite of 401(k) services that can be integrated with health-savings accounts (HSAs) and other consumer-driven health accounts. Read more >
Sponsored message from Natixis
The Next Generation of Target Date Funds
Introducing the industry’s first ESG-driven target date funds: Natixis Sustainable Future Funds. By combining sophisticated methodology with sustainable ideology, clients now have an opportunity to invest in the future with purpose. Join the movement. Read more >
PLANSPONSOR National Conference
It’s not too late to register for the PLANSPONSOR National Conference in Washington, D.C. The retirement plan industry is under a microscope, and plan sponsors need help crafting plans that meet the needs of their unique work force while having proper corporate governance that meets all fiduciary requirements. The PLANSPONSOR National Conference continues to deliver the most productive event in getting plan sponsors, retirement plan advisers and retirement plan industry providers together to discuss practical, collaborative solutions. This year’s conference will help you identify key priorities for retirement plan success and will cover topics relevant to plans of all sizes and across all areas of administration. Read more >
Market Mirror

Wednesday, the Dow closed 20.82 points (0.10%) lower at 21,008.65, the NASDAQ decreased 4.67 points (0.08%) to 6,198.52, and the S&P 500 was decreased by 1.11 (0.05%) to 2,411.80. The Russell 2000 was virtually unchanged at 1,370.20, and the Wilshire 5000 was down 12.07 points (0.05%) at 25,041.34.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 2.205%. The price of the 30-year Treasury bond increased 5/32, bringing its yield down to 2.866%.

Compliance
The Department of Labor (DOL) Employee Benefits Security Administration (EBSA) has announced its “Getting It Right – Know Your Fiduciary Responsibilities” seminar, to be held in Cleveland on July 11. Read more >
Self-Dealing Suit Against Wells Fargo Dismissed
A U.S. District Court Judge agreed with Wells Fargo that allegations that the bank breached its fiduciary duty by continuing to invest in its own target-date funds (TDFs) when better-performing funds were available at a lower cost are insufficient to plausibly allege a breach of fiduciary duty. Read more >
From the Magazine
Insights: Whiplash
Alison Cooke Mintzer, editor-in-chief of PLANSPONSOR, is optimistic that the tax treatment of retirement plans will remain, as she can’t see any way in which eliminating it would help the broader issue and concerns regarding coverage or availability. But she is also hoping that perhaps this threat of having the retirement system dismantled will lead to an enhanced appreciation of employer-sponsored plans and increased participation and savings. Could the whiplash around tax cut discussions actually be worth the stress? Read more >
Small Talk

ON THIS DATE: In 1774, the British government ordered the Port of Boston closed. In 1792, Kentucky became the 15th state of the U.S. In 1796, Tennessee became the 16th state of the U.S. In 1861, the first skirmish of the U.S. Civil War took place at the Fairfax Court House, Virginia. In 1869, Thomas Edison received a patent for his electric voting machine. In 1892, the General Electric Company (GE) began operations after the merging of the Edison General Electric and the Thomson-Houston Electric companies. In 1916, the National Defense Act increased the strength of the U.S. National Guard by 450,000 men. In 1938, baseball helmets were worn for the first time. In 1961, radio listeners in New York, California, and Illinois were introduced to FM multiplex stereo broadcasting. A year later the FCC made this a standard. In 1963, Alabama Governor George Wallace vowed to defy an injunction that ordered the integration of the University of Alabama. In 1980, Cable News Network (CNN) made its debut as the first all-news station. In 2009, General Motors filed for Chapter 11 Bankruptcy. The filing made GM the largest U.S. industrial company to enter bankruptcy protection.

SURVEY SAYS: We recently covered a survey in which respondents expressed fears about taking vacation—from projects not moving along to coming back to a ridiculous workload. This week, I’d like to know, what are your fears about taking vacation? You may respond to this week’s survey by 6 p.m. Pacific time today. Read more >
Share the news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy. Read more >

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

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

Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund