Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 26th, 2017

2017 Target-Date Fund Buyer’s Guide

In the universe of target-date funds (TDFs), the use of strategic or tactical allocation is increasingly being discussed, with emphasis on how TDF managers respond in difficult market cycles, sources say. Read more >
Editor's Note
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Benefits & Administration
Boomers Embracing Saving Mentality
More than half (72%) of Baby Boomers say they feel financially prepared for retirement, according to the “New Generations Ahead Study” from Allianz Life. This figure rose from 58% in 2010. Allianz attributes this boost in optimism to changing financial habits among Boomers. The firm notes that “a new frugality has taken hold with Baby Boomers that is leading to a stronger sense of financial preparedness and confidence than seen in previous Allianz Life studies. On the other hand, the Allianz study found that Millennials are generally confident about their financial future, but their financial habits sketch a different picture. Read more >
Economic Boost Spurs Retirement Plan Offerings
Fifty percent of business owners plan to increase their 401(k) matches, with 55% of this group saying it is because of rising revenue, Nationwide found. In addition, 36% of business owners who currently do not offer a retirement plan say expected revenue increases in the next year or two will prompt them to offer one. Read more >
MOST READ ARTICLES
1
2017 Target Date Fund Buyer’s Guide
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2015 PLANSPONSOR TDF Buyer’s Guide
3
2015 Recordkeeping Survey
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2013 Defined Benefit Administration Survey
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Defined Benefit Administration Survey
Sponsors More Focused on Their Fiduciary Responsibilities
Due to regulatory uncertainty and increasing litigation from plan participants, retirement plan sponsors have become more proactive about their fiduciary responsibilities, Deloitte found in its Annual Defined Contribution Benchmarking Survey, based on a survey of 240 sponsors. Read more >
Founder of TheMuse Offers Inside Take on Millennials’ Work Preferences
Kathryn Minshew, CEO and founder of TheMuse.com, at a recent Wells Fargo Asset Management press discussion in New York, said, “Our data suggests that Millennials will make up 75% of the workforce by the year 2025.” This may seem like data that is more relevant for other human resources and benefits discussions outside the retirement plan, but based on Wells Fargo data and on her own firm’s analysis, Minshew suggested Millennials stand to inherit some $30 trillion in wealth over the coming decades, “and this has very important implications for their financial futures, including the workplace retirement planning picture.” Read more >
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Products, Deals and People
Fee Checker Tool Gauges Plan Costs’ Impact on Savings
America’s Best 401k has upgraded its fee-checker tool, which provides plan sponsors and participants with free access to an online snapshot of the fees they pay for their retirement plans, as well as the resulting impact on investment returns. Read more >
Market Mirror

Yesterday, the Dow closed 53.50 points (0.24%) lower at 22,296.09, the NASDAQ lost 56.33 points (0.88%) to finish at 6,370.59, and the S&P 500 was down 5.56 points (0.22%) at 2,496.66. The Russell 2000 increased by 1.17 (0.08%) to 1,451.95, and the Wilshire 5000 decreased 44.41 points (0.17%) to 25,956.87.

 

The price of the 10-year Treasury note was up 11/32, decreasing its yield to 2.217%. The price of the 30-year Treasury bond increased 16/32, bringing its yield down to 2.758%.

Compliance
Participant Says ‘Large Plan’ Failed to Negotiate Better Fees
An excessive fee lawsuit has been filed against fiduciaries of the Novitex Enterprise Solutions Retirement Savings Plan, a 401(k) plan which had more than $157 million in assets as of the end of 2015. Read more >
Wells Fargo Stock Drop Suit Dismissed
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme Court. Read more >
Small Talk

ON THIS DATE: In 1789, Thomas Jefferson was appointed America’s first Secretary of State. John Jay was appointed the first chief justice of the U.S. Samuel Osgood was appointed the first Postmaster-General. Edmund Jennings Randolph was appointed the first Attorney General. In 1914, the U.S. Federal Trade Commission was established. In 1950, U.N. troops recaptured the South Korean capital of Seoul from the North Koreans during the Korean Conflict. In 1955, the New York Stock Exchange suffered its worst decline since 1929 when the word was released concerning U.S. President Dwight Eisenhower’s heart attack. In 1960, the first televised debate between presidential candidates Richard M. Nixon and John F. Kennedy took place in Chicago. In 1962, “The Beverly Hillbillies” premiered on CBS-TV. In 1964, “Gilligan’s Island” premiered on CBS-TV. In 1969, “The Brady Bunch” series premiered on ABC-TV. In 1981, the Boeing 767 made its maiden flight in Everett, Washington. In 1985, Shamu was born at Sea World in Orlando, Florida. Shamu was the first killer whale to survive being born in captivity. In 1990, the Motion Picture Association of America announced it had created a new rating. The new NC17 rating was to keep moviegoers younger than 17 from seeing certain films. In 1991, four men and four women began their two-year stay inside the “Biosphere II.” The project was intended to develop technology for future space colonies. In 1993, the eight people who had stayed in “Biosphere II” emerged from their sealed off environment. In 1996, Shannon Lucid returned to Earth after being in space for 188 days. She set a time record for a U.S. astronaut in space and in the world for time spent by a woman in space. In 2006, Facebook was opened to everyone at least 13 years or older with a valid email address.

TRIVIAL PURSUITS: Which state in the U.S. has the most earthquakes? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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

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