“The first misconception is that impact can't be measured, and the second is that any sort of business or decision making that is based on impact rules will ultimately lead to lower returns”. Click here to learn more.
“The Labor Department has signaled it will address by next fall unfinished business surrounding its investment-advice rule that was killed by a federal court earlier this year.” Click here to learn more.
Source: Investment News
“The Securities and Exchange Commission is proposing rule changes to the disclosure regime for variable annuity and variable life insurance contracts in an effort to help investors with their investment decisions.” Click here to learn more.
“The results of the U.S. midterm elections were largely in line with expectations,
with one important wrinkle. Although, as anticipated, the Democrats took the
House of Representatives and the Republicans held the Senate, the Republicans
increased their majority in the Senate and this, from a political perspective,
appears to validate the President’s strategy of taking a hard line on immigration
and trade.” Click here to read the full article.
Source: JP Morgan
Guess which generation isn’t too concerned about saving for retirement? “There’s nothing better than to be young and carefree, but the young adults who aren’t saving are already putting their well-being in old age at risk”. Click here to learn more!
Source: Center for Retirement Research at Boston College
According to a bit of “common wisdom,” U.S. stocks have performed better under divided government, when at least one legislative body—the Senate or the House—is controlled by the party opposite the president’s. Click here to read more in VP Chris Meyer’s article, “Mixing Politics and Money - A Sure Thing?”
“We are in a correction in an ongoing bull market that probably has a year or more to run. Our strategy team does not expect to see the next recession until 2021 at the earliest. A more serious market downturn may occur sometime before then, but not now.” Click here to read more.
Source: Byron Wien via Blackstone
“A bill introduced in the Senate in July would create a new type of “open” multiple employer plan (MEP), an employee benefit plan that can be maintained as a single plan in which two or more unrelated employers participate.” This sounds like a good development, but there are considerable fiduciary issues. Click here to learn more.
“…the district court’s ruling mid-trial dismissing plaintiffs’ claims that Putnam acted imprudently in selecting the Plan’s investment options and that it breached the duty of loyalty by engaging in self-dealing,”. Click here to learn more.
Elizabeth is a principal and consultant at Innovest Portfolio Solutions. She manages the relationships between service providers and plan sponsors, as well as provides ongoing vendor management for Innovest’s clients. Elizabeth is also a member of Innovest’s Retirement Plan Practice Group, a specialized team that identifies best practices and implements process improvements to maximize efficiencies for our retirement plan clients. At Innovest Elizabeth provides consulting services to committees, boards, and individuals. She also leads many special projects for our retirement plan clients including request for proposals for clients, evaluating and benchmarking plans and their service providers.
She holds an Accredited Investment Fiduciary (AIF®) designation from the University of Pittsburgh, Joseph M. Katz Graduate School of Business. Elizabeth has also earned the Qualified Plan Financial Consultant designation from ASPPA, a designation which demonstrates her expertise advising and supporting qualified retirement plans.
Prior to joining Innovest, Elizabeth was a CPA at Deloitte, formerly Touche Ross. Additionally, she spent 12 years in real estate investment management with JMB Institutional Reality Corp., and subsequently Heitman Financial. She was a portfolio manager responsible for coordinating financing, leasing, marketing and property management for each property in three commingled private equity funds. She graduated from the University of Iowa with a Bachelor of Business Administration majoring in accounting.
Elizabeth, her husband and three sons spent more than four years living in Tokyo, Japan. As a result, they developed a love of travel. Elizabeth also enjoys spending time with her family, cooking, and outdoor activities.
Over the last 20 years, healthcare costs have skyrocketed, outpacing the Consumer Price Index by 70 percent. According to the Employee Benefit Research Institute, to have a 90 percent chance of having enough savings to cover medical bills, a man would need $131,000 and the woman would need $147,000. How is the average American supposed to combat these increasing costs? Senior analysis T.J Berge believes that the answer may be combining an employee sponsored retirement plan with a High Deductible Health Plan. Click here to get more information about retirement savings.
According to Employee Benefit Research Institute, only two-thirds of U.S. workers are saving for retirement. The first National Retirement Savings Week (NRSW) occurred in 2006 when two Senators introduced the resolution establishing National Save for Retirement Week. The goal is that this week will spark a national conversation about the importance of saving for retirement. The National Association of Government Defined Contribution Administrators encourages business to provide resources and educate their employees on saving for retirement. For additional information, visit NAGDA’s official NRSW website.
"While investors may be expecting signs that the economy’s momentum is losing its mojo because of its duration, the data coming in is some of the strongest we have seen in this cycle.” To learn more click here
Source: Byron Wien
Innovest is excited to announce that registration for the Rocky Mountain Benefit Plans Conference is now open. This full day conference will help you improve the management of your benefit plans and your participants’ outcomes. Speakers from Innovest, EKS&H now part of Plante Moran and Alvarez & Marsal Tax will present on the following topics:
Retirement Plan Fees 2.0: Leveling, Lawsuits & Lessons Learned
Hunting for Missing Participants
The Outlook for the Economy and the Financial Markets
Breaking Bad Enrollment Habits
In addition, conference attendance qualifies you for 8 CPE credits. If you want to learn more about the conference, or register, please click here.
As technology advances, the field of cybersecurity continues to develop and improve. Despite this, cyberattacks are becoming far more frequent and costly. Laura Fischer, partner at Spencer Fane LLP, provides a description on preemptive actions that can be taken to combat cyberattacks. Fischer points out that “cyberattacks have managed to invade all walks of life, and employee benefit plans are no exception.” Employee benefit plans are at great risk due to the extensive personal information that they contain such as personal health information, social security numbers, dates of birth, compensation metrics, and level of benefits. However, cyber insurance plans add a much needed layer of protection that can help prevent breaches and make them less detrimental when they occur. Click here to read more about how you can help protect your employee benefit plans with cyber insurance.