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We know that clients require the most up to date information. For that reason, we continually update our economic review, newsletters, and research.

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Fixed Income Investing in a Rising Rate Environment
The Federal Reserve raised the fed funds rate a quarter point in September, for the third time in 2018, and signaled one more hike in 2018, as policy makers expressed confidence in the United States economy. Officials continue to project three additional increases in 2019. Rising rates and historically tight credit spreads are causing concern among fixed income investors. A prolonged campaign of rate hikes can be a short term drag on fixed income investments, as rising rates mean lower bond prices.

 

Maximizing Your Recordkeeper Relationships:
A Brief Guide to Getting the Most Out of Your Defined Contribution Plan Vendor
Mid to large-sized DC plans are increasingly threatened by excessive fee litigation. While plan expenses are an important component of any vendor review, fees alone should not be the focus. The Department of Labor (DOL) explicitly states that employers must “ensure that fees paid…are reasonable in light of the level and quality of services provided.” Hence, the DOL makes it clear that fees are to be reviewed in the context of service and overall value.

Based on this DOL guideline, it is essential to periodically assess if all contractual obligations are being met (not just fees). In this report, we focus on five core components to consider in order to both meet your fiduciary duties and get the most value from your retirement plan recordkeeper: Fees, Hidden Expenses, Plan Demographics, Service Quality and Technology.

 

The Benefits of Enacting a Plan Sponsor Philosophy
Overwhelmed by a lengthy to-do list, including the perpetual need to meet a number of ERISA regulatory obligations, plan fiduciaries often lose sight of the foundation for sponsoring a retirement plan: its purpose. Enacting a Plan Sponsor Philosophy is an effective way for committee members to remind themselves of this basic goal.

In this brief report, we explore what exactly a "philosophy" is and how implementing one can help to expedite and improve your committee's decision-making process, all while better aligning your plan design with your retirement plan's objectives

 

Engaging the Millennial Generation in DC Plans
Soon-to-be the largest percentage of the working age population, millennials face unique headwinds, including high levels of student debt and risk-averse investing styles, which may hinder their ability to adequately prepare for retirement. Plan sponsors should evaluate what their vendors are doing to address this sizable and unique population and consider plan features that may help guide them to a successful retirement.

 

The Evolution of Collective Investment Trusts and Considerations for Plan Sponsors
Plan Sponsors have increasingly focused on finding low-cost investments and more transparent fee structures for their retirement plans, in part due to the increasing number of headlines related to fee-based litigation issues. This paper provides an overview of and trends surrounding Collective Investment Trusts (CITs), in particular within the target date industry, and outlines what plan sponsors should consider when looking at adding CITs to their plan lineup.


In–Plan Retirement Income Solutions: Landscape Overview and Obstacles to Adoption
For several years, PEI has been studying the retirement income landscape. We have been evaluating in-plan retirement income products, actively monitoring the regulatory activity and legislative environment, and keeping a close eye on the implementation of retirement income products within defined contribution plans. Michael Sasso, one of PEI’s three co-founders, was the Issue Chair for the 2012 ERISA Advisory Council‘s “Examining Income Replacement During Retirement Years in a Defined Contribution Plan System” report. Mr. Sasso then collaborated on the report that provided recommendations to the Secretary of Labor as the DOL contemplates providing guidance on such solutions for plan sponsors.


The Pursuit of Procedural Prudence: Do You Have the Expertise?
As a plan fiduciary, you are expected to possess the necessary expertise to meet all of your obligations under ERISA, and as part of and relative to those obligations, you are expected to proceed in your role in a prudent manner.

While perhaps the least defined of ERISA duties, the duty of prudence requires significant attention, as it can affect the fulfillment of all other duties for which you are responsible, and the effectiveness of your fiduciary compliance altogether.

 
 

Resources

Regulatory Updates

2018

Fixed Income Investing in a Rising Rate Environment

   
2017

Maximizing Your Recordkeeper Relationships: A Brief Guide to Getting the Most Out of Your Defined Contribution Plan Vendor

Special Report: Should the Phillips Curve be Used to Set Monetary Policy?

Mid-Sized Pension Plans: How to Get Back on Track in 2017

Special Report: March Fed Dot Plot Released

Webinar Series: Sixth Annual ERISA Fiduciary Checkup

   
2016

Special Report: December Fed Dot Plot Released

The Benefits of Enacting a Plan Sponsor Philosophy

Special Report: September Fed Dot Plot Released

Engaging the Millennial Generation in DC Plans

Special Report: United Kingdom to Leave the European Union

DC Plan Sponsor Midyear Checkup

The Evolution of Collective Investment Trusts and Considerations for Plan Sponsors

Special Report: Will the Change in Fed Projections Alter the Prospects for Manufacturing?

Fund Managers’ Reaction to China Market Volatility

Webinar Series: The Money Market Reform - Changes Implications, and Options for Plan Sponsors

   
2015

The Global Tilt in Target Date Funds

The 401(k) Lineup Update 2015

ROTH: Breaking Down the Buzzword in Defined Contribution Plans

The Effects of Conflicted Investment Advice on Retirement Savings

   
2014

Shifting the Landscape of Global Investing

Solutions for Defined Contribution Healthcare Clients

An Unconstrained Approach to Fixed Income Investing

TIAA Real Estate Account

Research Report: Perkins Mid Cap Fund

Liquidity Impact of Rising Rates on Stable Value Fund

   

 

 

2018

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2017

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2016

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   
2015

4Q Regulatory Update

3Q Regulatory Update

2Q Regulatory Update

1Q Regulatory Update

   

Litigation Updates

2018

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   
2017

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   
2016

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   
2015

4Q Litigation Update

3Q Litigation Update

2Q Litigation Update

1Q Litigation Update

   

Market Reviews

2018 3Q Economic Review and Outlook

2Q Economic Review and Outlook

1Q Economic Review and Outlook
 
   
2017 4Q Economic Review and Outlook

3Q Economic Review and Outlook

2Q Economic Review and Outlook

1Q Economic Review and Outlook
 
   
2016 4Q Economic Review and Outlook

3Q Economic Review and Outlook

2Q Economic Review and Outlook

1Q Economic Review and Outlook

 
   
2015 4Q Economic Review and Outlook

3Q Economic Review and Outlook


2Q Economic Review and Outlook

1Q Economic Review and Outlook
 
 

The Prudent Press

2018

The Prudent Press: Summer 2018

The Prudent Press: Spring 2018

The Prudent Press: Winter 2018

   
2017

The Prudent Press: Fall 2017

The Prudent Press: Summer 2017

The Prudent Press: Spring 2017

The Prudent Press: Winter 2017

   
2016

The Prudent Press: Fall 2016

The Prudent Press: Summer 2016

The Prudent Press: Spring 2016