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Quarterly Considerations 06/30/2017

Plan Sponsors
Right Direction – The expense ratio of equity mutual funds in 401(k) plans has fallen by over 40% from the 83 basis points reported in 2003 to 48 basis points in 2016, according to an Investment Company Institute survey.

Nonprofit Organizations
403(b) in Focus – 403(b)lawsuits continue to rise with several large universities, including Washington University in St. Louis, University of Chicago and Princeton University forced to defend fiduciary oversight. Please ask us about 403(b) best practices.

Private Client
Trouble in Muni Land? – Deteriorating fiscal situations in Puerto Rico and Illinois have garnered significant press as of late, and created volatility in the municipal bond market. However, as is often the case, the financial media’s predictions of doom and gloom might prove to be overblown at this point. We partner with a number of highly specialized and highly sophisticated municipal bond managers doing their own credit research to ensure muni portfolios are insulated from problem areas to the greatest extent possible. Please contact us if you have any questions about potential risks in your muni bond portfolio.

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