Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 1st, 2016
Editor’s Note
Last night we held our annual Awards for Excellence Dinner in New York City. It was a great night of networking, socializing and recognizing outstanding achievements of plan sponsors, advisers and providers. In this edition of NewsDash, we’d like you to get to know our honorees.
Best in Class
2015 DC Survey Best in Class Awards
PLANSPONSOR’S much anticipated annual Defined Contribution Survey measures and evaluates the satisfaction levels of 401(k) and other DC providers according to feedback from their plan sponsor clients. “Best in Class” () awards are based on the average rating received in each of 23 service attributes, with the three highest-scoring providers earning Best in Class awards and those providers with an average score above the asset group’s benchmark score being deemed Best in Class.Read more >
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Top 100 Plan Advisers
2016 PLANADVISER Top 100 Plan Advisers
The “PLANADVISER Top 100 Retirement Plan Advisers” list is compiled from responses to the PLANADVISER Retirement Plan Adviser Survey. The list is drawn solely from a set of quantitative variables and information in the survey supplied by the advisers themselves. For an adviser to be eligible for recognition in this year’s Top 100, he had to submit a completed entry to our 2015 Retirement Plan Adviser Survey, which was fielded this past September. A sub-segment of the questions was used to determine eligibility for the Top 100.Read more >
Economic Events

In the week ending March 26, the advance figure for seasonally adjusted initial claims for unemployment insurance was 276,000, an increase of 11,000 from the previous week’s unrevised level of 265,000, the Labor Department reported. The four-week moving average was 263,250, an increase of 3,500 from the previous week’s unrevised average of 259,750.

The average interest rate for a 30-year fixed-rate mortgage is 3.71%, unchanged from one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 2.98%, up from 2.96%.
Plan Advisers of the Year
2016 PLANSPONSOR Retirement Plan Advisers of the Year
The 2016 PLANSPONSOR Retirement Plan Advisers of the Year finalists have demonstrated leadership and a commitment to excellence for their retirement plan sponsor clients and participants. Retirement Plan Advisers of the Year winners announced last night were: Individual: Jania Stout, Fiduciary Plan Advisors; Small Team: The Catanella Institutional Team of UBS; Large Team: Newport Capital Group; and Mega Team: Alliance Benefit Group Financial Services, Corp.Read more >
Plan Sponsors of the Year
2016 PLANSPONSOR Plan Sponsors of the Year
The winners of the 2016 PLANSPONSOR Plan Sponsor of the Year awards show a commitment to their participant’s financial health and retirement success, and are leaders in their respective categories. All maintain best practices in plan administration, with outcomes for others to emulate.Read more >
Small Talk

ON THIS DATE: In 1621, the Plymouth, Massachusetts, colonists created the first treaty with Native Americans. In 1748, the ruins of Pompeii were found. In 1789, the U.S. House of Representatives held its first full meeting in New York City. Frederick Muhlenberg of Pennsylvania was elected the first House Speaker. In 1864, the first travel accident policy was issued to James Batterson by the Travelers Insurance Company. In 1865, at the Battle of Five Forks in Petersburg, Virginia, General Robert E. Lee began his final offensive. In 1889, the first dishwashing machine was marketed (in Chicago). In 1891, the William Wrigley Jr. Company was founded in Chicago. In 1929, Louie Marx introduced the Yo-Yo. In 1933, Nazi Germany began the persecution of Jews by boycotting Jewish businesses. In 1938, the Baseball Hall of Fame opened in Cooperstown, New York. In 1953, the U.S. Congress created the Department of Health, Education and Welfare. In 1954, the U.S. Air Force Academy was formed in Colorado. In 1963, the soap operas “General Hospital” and “Doctors” premiered on television. In 1970, U.S. President Nixon signed the bill, the Public Health Cigarette Smoking Act, which banned cigarette advertisements effective January 1, 1971. In 1976, Apple Computer began operations. In 1991, the U.S. Supreme Court ruled that jurors could not be barred from serving due to their race. In 1997, David Carradine received a star on the Hollywood Walk of Fame. In 2004, U.S. President George W. Bush signed the Unborn Victims of Violence Act. The bill made it a crime to harm a fetus during an assault on a pregnant woman.

 

No FRIDAY FILES this week. Have a great weekend, everyone!
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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