Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 13th, 2018
Benefits & Administration
Wealthier Participants Say They Don’t Need RMDs for Living Expenses
While 88% of high-net-worth consumers between the ages of 65 and 75 are familiar with required minimum distributions (RMDs), 80% say they will not need this money for day-to-day living expenses, according to the new “RMD Options Study” by Allianz Life. They want to find other ways to use RMD payments.Read more >
HSAs Offer Improved Investment Options
In its second annual study assessing plans from 10 of the largest health savings account (HSA) plan providers, Morningstar assessed each plan as both an investing vehicle and spending vehicle. Morningstar found that the quality of investments remains strong and has improved since last year, with at least half of each plan’s investment options earning Morningstar Analyst Ratings of Gold, Silver or Bronze. Investment menu designs have also gotten better, with several plans taking steps to reduce menu overlap or add core investment options. However, it found fees remain elevated and transparency remains poor.Read more >
Products, Deals and People
Stadion’s StoryLine Offered by ABG Rocky Mountain
According to the firms, StoryLine’s approach “recognizes that every plan sponsor and employee is unique.”Read more >
Participants Missing the Full Match Remains a Big Problem
2021 Recordkeeping Survey
New Financial Audit Rule Increases Requirements for Plan Sponsors
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
2021 Participant Survey
Market Mirror

Yesterday, the Dow plunged 602.12 points (2.32%) to 25,387.18, the NASDAQ lost 206.03 points (2.78%) to finish at 7,200.87, and the S&P 500 closed 54.79 points (1.97%) lower at 2,726.22. The Russell 2000 shed 30.70 points (1.98%) to finish at 1,518.79, and the Wilshire 5000 fell 563.99 points (1.97%) to 28,104.13.


The bond market was closed in observance of Veteran’s Day.
Sponsored message from Natixis
Actively Changing the Climate of Target Date Funds
The first ESG-driven target date mutual funds – Natixis Sustainable Future Funds – combine sophisticated methodology with sustainable ideology. Help your clients align their values with their retirement investments. Target Date. Sustainable Focus. 2246929.1.1Read more >
IRS Proposes Amendments to Hardship Withdrawal Regulations
The IRS has issued a Notice of Proposed Rulemaking related to hardship distributions from 401(k) plans. If the proposed rules are finalized, there would be no more suspension of deferrals after a hardship withdrawal or requirement to take a loan before one. In addition, the proposal permits hardship withdrawals from more sources of money, if the plan sponsor so chooses.Read more >
Justice Department Sues UBS Over Alleged RMBS Misrepresentations
The U.S. Justice Department filed a civil complaint against UBS AG and several of its United States affiliates, alleging that UBS defrauded investors throughout the United States and the world in connection with its sale of residential mortgage-backed securities (RMBS) from 2006 through 2007. However, UBS has fired back, saying the Justice Department’s claims are not supported by the facts or the law and offering certain facts it will use to defend itself.Read more >
Small Talk
ON THIS DATE: In 1775, during the American Revolution, U.S. forces captured Montreal. In 1789, Benjamin Franklin wrote a letter to a friend in which he said, “In this world nothing can be said to be certain, except death and taxes.” In 1805, Johann George Lehner, a Viennese butcher, invented a recipe and called it the “frankfurter.” In 1927, the Holland Tunnel opened to the public, providing access between New York City and New Jersey beneath the Hudson River. In 1942, President Franklin D. Roosevelt signed a measure lowering the minimum draft age from 21 to 18. In 1956, the U.S. Supreme Court struck down laws calling for racial segregation on public buses. In 1971, the U.S. spacecraft Mariner 9 became the first spacecraft to orbit another planet—Mars. In 1977, the comic strip “Li’l Abner” by Al Capp appeared in newspapers for the last time. In 1982, the Vietnam Veterans Memorial was dedicated in Washington, D.C. In 1991, Roger Clemens won his third Cy Young Award for the American League. In 1994, Sweden voted to join the European Union. In 1995, Greg Maddox (Atlanta Braves) became the first major league pitcher to win four consecutive Cy Young Awards. In 2001, President George W. Bush signed an executive order that would allow for military tribunals to try any foreigners captured with connections to the terrorist attacks on the United States on September 11, 2001. It was the first time since World War II that a president had taken such action. In 2006, a deal was finalized for Google Inc. to acquire YouTube for $1.65 million in Google stock. In 2009, NASA announced that water had been discovered on the moon.
TRIVIAL PURSUITS: How many verses does The Star-Spangled Banner have?Read more >
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Editorial: Alison Cooke Mintzer


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