Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 10th, 2016
Benefits & Administration
Motives Behind DB Sponsors’ Move to Mark-to-Market Accounting
A study suggests that defined benefit plans’ move to mark-to-market accounting may be less driven by transparency motives and more driven by executive compensation motives.Read more >
Technology Will Not Replace Human Advisers
A new analysis from Cerulli Associates projects the digital advice market will continue to grow strongly through the end of the decade—but at the same time, it is unlikely that human advisers will fall out of favor. “We believe that it is essential for traditional financial advice providers to view digital advice delivery not as a force that will displace them, but instead as a way to broaden their opportunity to deliver deeper levels of advice to a wider client base,” says Scott Smith, director at Cerulli.Read more >
MOST READ ARTICLES
Compliance
John Hancock Agrees to Procedural Changes in ERISA Suit Settlement

2021 Defined Benefit Administration Survey
Investing
Essential Considerations for DC Plan Investment Lineups
Products, Deals and People
NAGDCA Launches Benchmarking Portal
Public-sector defined contribution retirement plans can benchmark themselves against similar plans based on plan type, plan demographics, and plan design, as well as features, services, investments, governance, and fees.Read more >
Economic Events

The U.S. Census Bureau announced that September sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $444.9 billion, up 0.2% from the revised August level and up 0.4% from the September 2015 level. September sales of durable goods were up 0.2% from August and were up 0.2% from a year ago. Sales of electrical and electronic goods were up 1.5% from August, while sales of hardware, plumbing and heating equipment and supplies were down 2.4%. Sales of nondurable goods were up 0.1% from August and were up 0.5% from last September. Sales of petroleum and petroleum products were up 5% from last August, while sales of farm product raw materials were down 12%.

Sponsored message from Vanguard
Vanguard Life-Cycle Investing Model: Building target-date portfolios New tools from Vanguard can help determine if plan participants could benefit from a glide path designed for unique participant populations. Vanguard explains the inner workings of their proprietary model for glide path construction.  Read more >
Market Mirror

Wednesday, the Dow closed 256.95 points (1.40%) higher at 18,589.69, the NASDAQ increased 57.58 points (1.11%) to 5,251.07, and the S&P 500 was up 23.70 points (1.11%) at 2,163.26. The Russell 2000 climbed 37.02 points (3.10%) to 1,232.16, and the Wilshire 5000 gained 311.55 points (1.41%) to finish at 22,445.12.

On the NYSE, 3.1 billion shares traded, with a slight lead for advancing issues. On the NASDAQ, 2.9 billion shares changed hands, with a near 3 to 1 lead for advancers.

The price of the 10-year Treasury note decreased 1 28/32, bringing its yield up to 2.072%. The price of the 30-year Treasury bond fell 4 20/32, increasing its yield to 2.863%.

Compliance
Trump Presidency Will Impact Providers' Fiduciary Rule Response
Early commentators warn anything is possible, but there may be some relief coming on the strict contract and recordkeeping requirements in the DOL fiduciary rulemaking.Read more >
From the Magazine
New Take on ‘Top Hat’ Taxation
In June, the Internal Revenue Service (IRS) proposed long-awaited regulations expected to influence the reporting and taxation of benefits paid under 457 plans—i.e., deferred-compensation retirement plans for governmental and other tax-exempt employers. According to Kevin Selzer, a Denver-based associate at Holland & Hart LLP, it is the 457(f) changes that will likely have the biggest impact for retirement plan sponsors.Read more >
Small Talk
ON THIS DATE: In 1775, the U.S. Marines were organized under authority of the Continental Congress. In 1801, the state of Tennessee outlawed the practice of dueling. In 1951, direct-dial, coast-to-coast telephone service began when Mayor M. Leslie Denning of Englewood, New Jersey, called his counterpart in Alameda, California. In 1954, the Iwo Jima Memorial was dedicated in Arlington, Virginia. In 1969, “Sesame Street” made its debut on PBS. In 1970, the Great Wall of China opened for tourism. In 1975, the Edmund Fitzgerald, an ore-hauling ship, and its crew of 29 vanished during a storm in Lake Superior. In 1982, in Washington, D.C., the Vietnam Veterans Memorial was opened to visitors. In 1993, the U.S. House of Representatives passed the Brady Bill, which called for a five-day waiting period for handg.un purchases. In 1996, Dan Marino (Miami Dolphins) became the first quarterback in NFL history to pass for more than 50,000 yards. In 1999, Ted Danson received a star on the Hollywood Walk of Fame.
SURVEY SAYS:  Donald J. Trump was elected America’s 45th president. This week, I’d like to know, which benefit-related item do you think will be MOST affected by Trump’s presidency? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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