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
(b)lines Ask the Experts – Must Plans Adopt Budget Act New Hardship Withdrawal Rules?
“I am aware from a prior Ask the Experts column that the Bipartisan Budget Act of 2018 made some changes to the hardship distribution rules?
Retirement Industry People Moves

Industry expert replaces BPAS SVP of Fiduciary Services; USI Consulting employs VP of Retirement Services; Cafaro Greenleaf announces addition of investment analyst; and more.

House Committee Contemplates Bill That Would Reduce Employer Health Benefit Costs

Also being considered is legislation for expanding benefits of HSAs.

HSA Amendment Bills Moved to U.S. House

Among the bills approved by the House Ways and Means Committee is one that would qualify significantly more health treatments, services and over-the-counter drugs for HSA spending.

District Court Upholds Use of Segal Blend to Calculate Multiemployer Pension Liability

Commenting on the decision, Segal Consulting says it is “consistent with every other decision handed down in similar cases except for one,” the Southern District of New York Court’s decision in The New York Times Company v. Newspaper and Mail Deliverers’-Publishers’ Pension Fund, which is being appealed.

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

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

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