PLANSPONSOR Weekend Newsdash
Week ending March 30th, 2018

Happy Holiday celebrations, PLANSPONSOR readers! As we focus on investing, studies show Americans are unsure about what stock market volatility will do to their plans for retirement, and pre-retirees and retirees may be unsuitably invested. Plan sponsors are still being questioned about their use of company stock in their retirement plans, and CVS won confirmation that its plan’s stable value fund was not improper. Institutional investors are seeing hope for good returns in focused strategies, and the active versus passive debate still lives on. Enjoy this edition of PLANSPONSOR Weekend!

Editor's choice
Data and Research
Americans Reflect on How Stock Market Volatility Will Affect Plans to Retire
Six in ten (61%) survey respondents are simply not sure how long it might delay their ability to save for retirement should a large 6,000 point drop in the Dow occur. Read more >
Investing
Pre-Retirees Seemingly Unaware of What Market Volatility Can Do to Savings
Nearly six in ten pre-retirees and 32% of retirees describe their primary investment strategy as focused on either “aggressive growth” or “moderate growth;” a MassMutual survey finds. Read more >
Compliance
Gannett Faces ERISA Stock Drop Complaint
The lawsuit alleges that Gannett Co., its benefit plans committee and other fiduciaries’ decision to concentrate plan investments in Gannett’s parent company common stock was a breach of their fiduciary duties under the Employee Retirement Income Security Act (ERISA) and caused a loss of approximately $135 million. Read more >
Compliance
Appellate Court Affirms Dismissal of CVS Stable Value Fund Suit
The appellate court found no evidence that the CVS retirement plan’s stable value fund departed radically from the investment standards and logic of stable value funds. Read more >
Investing
Institutional Investors See Chance for Alpha in Focused Strategies
In the past 12 to 18 months, 56% of institutional investors have increased their exposure to focused strategies, defined as 50 or fewer holdings, a survey finds. Read more >
Investing
Scorecard Shows Mixed Results for Active Fund Managers
Steve Deschenes, product management and analytics director at Capital Group, says, “The active-passive debate is an industry discussion which distracts investors from what can have a real impact on their portfolios.” Read more >
MOST POPULAR STORIES
Sources Say Invesco Will Buy OppenheimerFunds

Oppenheimer is the 12th largest U.S. mutual fund family by assets.

Over Half of Americans Have Nothing Saved in a Retirement Account

The median retirement account balance among all U.S. workers is "zilch"

(b)lines Ask the Experts – Annuity General Accounts Versus Separate Accounts
“I work for a plan sponsor that maintains a 403(b) plan with annuity contracts.
An Accurate Perception of Their Finances Eludes Many Americans

One third thinks they are either better or worse off than they actually are, Prudential Financial learned in a survey.

2018 HSA Conference

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

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

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