Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 10th, 2018
Benefits & Administration
Roth Accounts: A Different Type of Retirement Savings Diversification
Just as people diversify their investments, the Roth option is viewed as a way to diversify the tax treatment of savings. Here’s what plan sponsors need to know about Roth accounts and in-plan Roth conversions.Read more >
Retiring Without Enough Savings Is a Top Financial Worry
When it comes to retirement savings, nearly two in three (65%) U.S. adults say they save some portion of their household’s annual income for retirement, an increase of five percentage points since last year, according to The 2018 Financial Literacy Survey, conducted by Harris Poll on behalf of the NFCC (National Foundation for Credit Counseling). Despite the fact that most are saving at least something for retirement, fewer than one in five (19%) feel very confident that they are saving enough. Bruce McClary, vice president of communications at the NFCC, says its survey shows Americans of all generations are increasingly challenged by financial commitments.Read more >
The Need to Prepare Baby Boomers for Retirement Is Urgent
Baby Boomers are in large measure unprepared for retirement, having failed both to plan adequately and save enough, according to a study released by the Insured Retirement Institute (IRI), in conjunction with National Retirement Planning Week. According to the study, 42% of Baby Boomers have no retirement savings. Among Boomers who do have retirement savings, 38% have less than $100,000 saved for retirement. Further, only 38% have calculated the amount they will need to retire. Industry sources say longevity and long-term care expenses are often not considered when Baby Boomers plan for retirement.Read more >
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Products, Deals and People
Bond Manager Recounts Rise of LDI Solutions Post-PPA
The president and CIO of Ryan Labs describes in detail the mechanics behind the firm’s new defensive bond portfolio strategy—and the way his work continues to be shaped by the Pension Protection Act and the Moving Ahead for Progress in the 21st Century Act (MAP-21).Read more >
Market Mirror

Yesterday, the Dow gained 46.34 points (0.19%) to finish at 23,979.10, the NASDAQ closed 35.23 points (0.51%) higher at 6,950.34, and the S&P 500 increased 8.69 points (0.33%) to 2,613.16. The Russell 2000 was up 1.17 points (0.08%) at 1,514.46, and the Wilshire 5000 gained 59.49 points (0.22%) to close at 27,108.93.

 

The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.783%. The price of the 30-year Treasury bond was up 6/32, decreasing its yield to 3.012%.
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Snapshots of TDF performance miss the big picture
When evaluating TDF performance, use a holistic approach to look beyond a single point in time.Read more >
Compliance
Court Finds Company Owners Not Responsible for Multiemployer Plan Withdrawal Liability
The 9th Circuit depended on its own precedent in finding that unpaid contributions to employee benefit funds are not plan assets and, therefore, the company owners are not fiduciaries under the Employee Retirement Income Security Act (ERISA) with respect to unpaid withdrawal liability.Read more >
Small Talk
ON THIS DATE: In 1790, the U.S. patent system was established when U.S. President George Washington signed the Patent Act of 1790 into law. In 1849, Walter Hunt patented the safety pin. He sold the rights for $100. In 1866, the American Society for Prevention of Cruelty to Animals (ASPCA) was incorporated. In 1912, the Titanic set sail from Southampton, England. In 1941, during World War II, U.S. troops occupied Greenland to prevent Nazi infiltration. In 1941, Ford Motor Co. became the last major automaker to recognize the United Auto Workers as the representative for its workers. In 1960, the Senate passed the Civil Rights Bill. In 1972, the U.S. and the Soviet Union joined with 70 other nations in signing an agreement banning biological warfare. In 2000, Ken Griffey Jr. became the youngest player in baseball history to reach 400 home runs. He was 30 years, 141 days old. In 2001, Jane Swift took office as the first female governor of Massachusetts.
TRIVIAL PURSUITS: From where did the phrase “for Pete’s sake” come?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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