Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 29th, 2016
PLANSPONSOR Research
PLANSPONSOR DC Survey Best in Class
In the PLANSPONSOR 2016 Defined Contribution Survey, the three highest-scoring providers in each of 22 major service categories earned Best in Class awards, as did those providers with a net satisfaction rate above the asset group’s benchmark score. “Service Commendations” were given to recordkeepers who did not receive Best in Class honors but had 90% of clients either “completely” or “mostly” satisfied with a particular service offering to receive a Service Commendation. See which providers won awards. Read more >
Products, Deals and People
SEP and SIMPLE IRA Program Unveiled By Ascensus
Ascensus announced the launch of an enhanced full-service SEP and SIMPLE IRA program combining flexible fund selection, online processing capabilities and common remitter services coupled with technical compliance support. Read more >
MOST READ ARTICLES
1
Another Schlichter Suit Targets Sponsor and Providers
2
Could There Be a Renewed Interest in DB Plans?
3
2020 Best in Class DC Providers
4
2020 Recordkeeping Survey
5
Participants Are Saving More With ‘TDF-Plus’ Strategies
Market Mirror

Yesterday, the Dow was down 54.24 points (0.28%) at 19,097.90, the NASDAQ closed 30.11 points (0.56%) lower at 5,368.81, and the S&P 500 decreased 11.63 points (0.53%) to 2,201.72. The Russell 2000 fell 17.38 points (1.29%) to 1,329.82, and the Wilshire 5000 lost 138.95 points (0.60%) to finish at 23,029.28.

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 2 to 1 lead for decliners.

The price of the 10-year Treasury note was up 13/32, decreasing its yield to 2.312%. The price of the 30-year Treasury bond increased 22/32, bringing its yield down to 2.974%.

Sponsored message from SmartDollar
Emotions and Finances: Employees Are Scared or Confused About Money American workers feel scared or confused about their personal finances, and that’s harming business. Read more >
Compliance
Wells Fargo 401(k) Suit Challenges Use of Proprietary TDFs
The lawsuit accuses the bank of using an “easy enroll” feature to funnel funds into its TDFs, which it says charge too much.
Read more >
IRS Proposes Updates for DB Plan Distributions
The proposed regulations would provide guidance about changes made by the Pension Protection Act of 2006 to the minimum present value requirements applicable to certain defined benefit pension plans.Read more >
Investing
Millennials Driving Interest in ESG Investments
A survey found Millennials (ages 18 to 35) are more likely to place greater importance on ESG factors than other investors (ages 36 and older). According to the Schroders Global Investor Study 2016, which surveyed 20,000 end investors in 28 countries, the Millennial generation ranked ESG factors as equally important as investment outcomes when considering investments decisions. Read more >
Small Talk

ON THIS DATE: In 1864, the Sand Creek Massacre occurred in Colorado when a militia led by Colonel John Chivington, kil.led at least 400 peaceful Cheyenne and Arapaho Indians who had surrendered and had been given permission to camp. In 1890, Navy defeated Army by a score of 24-0 in the first Army-Navy football game. In 1892, a patent was issued to Almon Brown Strowger for the rotary dial. In 1929, the first airplane flight over the South Pole was made by U.S. Navy Lt. Commander Richard E. Byrd. In 1961, the Mercury-Atlas 5 spacecraft was launched by the U.S. with Enos the chimp on board. The craft orbited the earth twice before landing off Puerto Rico. In 1963, U.S. President Lyndon Johnson named a commission headed by Earl Warren to investigate the assassination of President John Kennedy. In 1975, Bill Gates adopted the name Microsoft for the company he and Paul Allen had formed to write the BASIC computer language for the Altair. In 1986, actor Cary Grant died at the age of 82. In 1994, the U.S. House passed the revised General Agreement on Tariffs and Trade. In 2004, Godzilla received a star on the Hollywood Walk of Fame.

TRIVIAL PURSUITS: The famous Hollywood sign in California did not originally say “Hollywood.” What did the Hollywood sign originally say?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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