Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 17th, 2016
PLANSPONSOR Research
PLANSPONSOR’s 2016 Defined Contribution Survey
PLANSPONSOR’s Defined Contribution Survey gathers data from thousands of plan sponsors about their plan design and administration, providing industry benchmarks. The survey is a study in contrasts and a demonstration of some surprisingly striking similarities among plans of varying sizes. The 2016 PLANSPONSOR Defined Contribution Survey is now available.Read more >
Products, Deals and People
MassMutual Makes QLAC Product Available
In response to the need for greater flexibility for owners of qualified assets, MassMutual has expanded its deferred income annuity product offering by making it available as a qualified longevity annuity contract (QLAC).Read more >
MOST READ ARTICLES
1
2021 Recordkeeping Survey
2
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
3
Considering the Arguments for and Against Actively Managed Funds in DC Plans
4
TRIVIAL PURSUITS: How Many Verses Does The Star-Spangled Banner Have?
5
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Economic Events

The Producer Price Index for final demand was unchanged in October, according to the Bureau of Labor Statistics. Final demand prices rose 0.3% in September and were unchanged in August. In October, the final demand goods index increased 0.4% and prices for final demand services declined 0.3%. 

Market Mirror

Wednesday, the Dow closed 54.92 points (0.29%) lower at 18,868.14, the NASDAQ increased 18.96 points (0.36%) to 5,294.58, and the S&P 500 was down 3.45 points (0.16%) at 2,176.94. The Russell 2000 was virtually unchanged at 1,302.20, and the Wilshire 5000 decreased 35.89 points (0.16%) to 22,723.36.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with a slight lead for advancing issues on both exchanges.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.211%. The price of the 30-year Treasury bond increased 26/32, bringing its yield down to 2.919%.

Compliance
PBGC Multiemployer Program Deficit Nearly $60 Billion
The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2016 Annual Report showing the deficit in its multiemployer insurance program rose to $58.8 billion. The increase was driven by additional multiemployer plans that are expected to run out of money within the next 10 years, and by decreases in interest factors used to value PBGC’s liabilities. However, according to the agency’s report, the single-employer program deficit improved.Read more >
Sponsored message from Empower Retirement
Empower Retirement’s Lifetime Income Score Report The sixth annual Lifetime Income ScoreSM report includes survey results from more than 4,000 American workers. Based on individual responses, it estimates the percentage of working income that American households are on track to replace in retirement. Read more >
Investing
Pension Plan Sponsors Need to Manage Longevity Risk
The dramatic rise in life expectancy has improved human well-being but future longevity uncertainty also poses a real challenge to pension funding levels that plan sponsors will need to proactively manage, says a report by PGIM, the global investment management businesses of Prudential Financial, Inc. PGIM offers suggestions for managing longevity risk for pension plans. Read more >
More DC Plan Advisers Recommending Custom TDFs
Defined contribution (DC) specialist financial advisers managing at least $50 million in DC assets show an increasing inclination toward use of custom target-date funds (TDFs), according to a new analysis published by Cogent Reports. Important to note, with or without customization, DC plan sponsor clients and advisers’ consideration of target-date fund providers remains largely based on fees and long-term performance.Read more >
Small Talk
ON THIS DATE: In 1800, the U.S. Congress held its first session in Washington, D.C., in the partially completed Capitol building. In 1869, the Suez Canal opened in Egypt, linking the Mediterranean and the Red seas. In 1962, Washington’s Dulles International Airport was dedicated by U.S. President John F. Kennedy. In 1979, Iran’s Ayatollah Khomeini ordered the release of 13 female and black American hostages being held at the U.S. Embassy in Tehran. In 1982, the Empire State Building was added to the National Register of Historical Places.
SURVEY SAYS:  There’s often not enough time in the day to get everything we want or need to get done, or to get enough sleep. This week, I’d like to know, how many hours would you add to the 24-hour day to get everything you want or need to get done, and how would you spend those hours? You may respond to this week’s survey by 6:00 p.m. Pacific time today.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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