Showing entries with the topic “Investments”.
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I often have retirement plan sponsors ask me, “What is your opinion of Product X?” More often than not, it is a product that has been aggressively promoted by their retirement plan recordkeeper. Now, to be fair to retirement plan recordkeepers, with lower fees and declining margins, they are in an i…Read more
The volatility of the stock market has become a major news story lately. But, as we well know, there is a tendency for the media to exaggerate. So, is the current stock market “crisis” real - or just a soap opera? And, if the “crisis” has substance, should it cause concern for retirement plan invest…Read more
In this week's Top of Mind, Mike Webb strongly urges people to start saving for retirement prior to age 30.Read more
Plan sponsors often have an unhealthy obsession with assembling the ideal array of plan investments. However, investment array selection, as well as the inherent agonizing over which funds to put on watch, which to replace, etc., should be relatively low on a plan sponsor’s list of priorities. Wh…Read more
In last week’s Top of Mind, we attempted to simplify the concept of revenue sharing in retirement plans. This week, I will attempt to build upon that by demystifying the even more elusive practice known as fee leveling. What is fee leveling? Last week, we explained how different …Read more
As I was preparing once again to speak about revenue sharing, I encountered my recurring fear that almost everyone was going to completely lost. Because, let’s face it, revenue sharing is NOT an easy concept to understand, and one about which most people do not care to learn! However,…Read more
In the world of 403(b), variable annuities have been a lightning rod for criticism by anyone paying attention. And, for good reason, with the caveat that there are some variable annuities offered by low-cost providers that shouldn’t be lumped in with the rest. However, in the large 403(b) p…Read more
Recently, we wrote a Top of Mind post about how the University of California (Cal) took the bold step of adding CITs to its 403(b) plans. For decades, CITs have been the sole domain of annuities and mutual fund products. As we noted, while it’s been known that CITs are a permissible inve…Read more
The University of California 403(b) Plan Changes: Can 403(b) Plans Now Invest in Collective Investment Trusts?
Robert Steyer of Pensions and Investments recently broke the story on the University of California becoming the first (of which we are aware) 403(b) non-church plan sponsor to offer collective investment trusts (CITs) in its 403(b) plan. This development was somewhat surprising, given the fact…Read more
I recently Tweeted my amazement at a ThinkAdvisor article that cited an Arizona State professor’s study indicating that only 4% of stocks in the history of the U.S. stock market (from 1926-2015) had lifetime returns that outperformed one-month Treasury bills over their lifetimes. Could this reall…Read more