Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 1st, 2017
Benefits & Administration
“More than three out of out five young workers say their priority is paying off student loans and not contributing to a 401(k) or other retirement plan,” American Student Assistance warns. “Research also reveals a gap between human resource managers and their young workforce as to the perceived impact of student loans and the solutions that young workers are seeking in exchange for their loyalty.”Read more >
Evolving Your Health Wellness Program
In a webinar hosted by Preventure, Harnaez said the reason most wellness programs do not produce intended results is they do not focus on individuals to drive change. They focus on incentives and compliance, not the true benefits of a healthy lifestyle for the employee and his or her family. Speakers for the webinar provided ideas for making wellness programs more personal for employees.Read more >
2022 Recordkeeping Survey
IRS Updates Life Expectancy Tables for Retirees
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
No Political Divide on Retirement Security
While America is facing a deep political divide on many policy issues right now, both Democrats and Republicans are concerned about their ability to achieve a secure retirement. The research by the National Institute on Retirement (NIRS) also finds 77% of Americans say the disappearance of pensions has made it harder to achieve the American Dream.Read more >
More Than Four in Ten Households Wrong About Retirement Readiness
Nineteen percent of households who are at risk for being financially unprepared in retirement feel they are not at risk, while 24% of households who are not at risk, feel they are at risk, according to research from the Center for Retirement Research at Boston College. Researchers suggest more education could help.Read more >
Engaging Hispanic Workers in Retirement Savings
While among one of the fastest growing population demographics in the country, Hispanic workers face major challenges in allocating enough toward retirement savings, studies have shown. Rather than focusing on literacy and word-for-word translations, retirement plan sponsors may want to pay more attention to context and cultural needs. Read more >
Economic Events

Wholesale inventories for January, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $599.9 billion, down 0.1% from December 2016, and up 2.2% from January 2016. The November 2016 to December 2016 percentage change was revised from up 1.0% to up 0.9%, the Census Bureau announced.

Retail inventories for January, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $613.4 billion, up 0.8% from December 2016, and up 4.0% from January 2016. The November 2016 to December 2016 percentage change was revised from up 0.1% to virtually unchanged.

The Conference Board Consumer Confidence Index, which had declined moderately in January, increased in February. The Index now stands at 114.8 (1985=100), up from 111.6 in January. The Present Situation Index rose from 130.0 to 133.4 and the Expectations Index increased from 99.3 last month to 102.4.

Market Mirror

Tuesday, the Dow was down 25.20 points (0.12%) at 20,812.24, the NASDAQ closed 36.46 points (0.62%) lower at 5,825.44, and the S&P 500 decreased 6.11 points (0.26%) to 2,363.64. The Russell 2000 fell 21.05 points (1.50%) to 1,386.68, and the Wilshire 5000 lost 125.03 points (0.51%) to close at 24,609.80.

On the NYSE, 3.1 billion shares traded, with declining issues outnumbering advancing issues nearly 2 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 3 to 1 lead for decliners.

The price of the 10-year Treasury note decreased 6/32, bringing its yield up to 2.386%. The price of the 30-year Treasury bond was down 7/32, increasing its yield to 2.991%.


Trump Administration Hits Hurdle In Fiduciary Fight
An updated landing page tracking the Office of Management and Budget’s (OMB) review of the Department of Labor (DOL) fiduciary rule, championed by former President Barack Obama but now being attacked by current President Donald Trump, shows the OMB has officially labeled the effort to halt the fiduciary regulations as “economically significant.” While the determination ostensibly makes it more burdensome for the Trump administration to unravel the initial fiduciary rulemaking, there is some disagreement as to what this will actually mean in practice.Read more >
Ask the Experts
“We are a large controlled group with some entities eligible to sponsor a 403(b) plan, and some not. We are going to be transferring a group of employees from an entity that has a 401(a) and 403(b) plan to an entity that can only maintain a 401(a) plan. Can we move the 401(a) and 403(b) plan monies of their current 501(c)(3) employer to the 401(a) plan of their new employer?”Read more >
Small Talk
Tooth Fairy payouts are soaring, posting record gains in 2016 and early 2017, according to the Original Tooth Fairy Poll, sponsored by Delta Dental. An even split of children save (48%) and spend (48%) Tooth Fairy cash.Read more >

ON THIS DATE: In 1692, in Salem Village, in the Massachusetts Bay Colony, the Salem witch trials began. Four women were the first to be charged. In 1781, the Continental Congress adopted the Articles of Confederation. In 1790, the U.S. Congress authorized the first U.S. census. In 1803, Ohio became the 17th U.S. state. In 1845, U.S. President John Tyler signed the congressional resolution to annex the Republic of Texas. In 1867, Nebraska became the 37th U.S. state. In 1869, postage stamps with scenes were issued for the first time. In 1872, the U.S. Congress authorized the creation of Yellowstone National Park. It was the world’s first national park. In 1873, E. Remington and Sons of Ilion, New York, began the manufacturing the first practical typewriter. In 1912, Captain Albert Berry made the first parachute jump from a moving airplane. In 1932, the 22-month-old son of Charles and Anne Lindbergh was kidnapped. In 1937, in Connecticut, the first permanent automobile license plates were issued. In 1941, FM Radio began in Nashville, Tennessee, when station W47NV began operations. In 1949, Joe Louis announced that he was retiring from boxing as world heavyweight boxing champion. In 1954, the United States announced that it had conducted a hydrogen bomb test on the Bikini Atoll in the Pacific Ocean. In 1961, The Peace Corps was established by U.S. President John Kennedy. In 1969, Mickey Mantle announced his retirement from major league baseball. In 1974, seven people were indicted in connection with the Watergate break-in. The charge was conspiring to obstruct justice. In 1995, Yahoo! was incorporated. In 2003, in the U.S., approximately 180,000 personnel from 22 different organizations around the government became part of the Department of Homeland Security. This completed the largest government reorganization since the beginning of the Cold War.

WEDNESDAY WISDOM: “Experience is the teacher of all things.”—Julius Caesar

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Editorial: Alison Cooke Mintzer


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