Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 12th, 2016
Benefits & Administration
Inadequate Savings Lowers Retirement Confidence of Boomers
Only 24% of Baby Boomers are confident they will have enough savings to last in retirement, according to a research report from the Insured Retirement Institute (IRI) titled “Boomer Expectations for Retirement 2016.” This is the lowest confidence level since IRI began its research on the topic in 2011. Back then, 37% of Boomers had the same level of confidence. In addition, the survey found, a lack of savings is resulting in delayed retirement for many Baby Boomers.Read more >
Americans 'Very Worried' About Inflation in Retirement
Americans are concerned that the rising cost of living will affect their retirement years, but these concerns are often overestimated, according to Allianz Life Insurance Co. of North America.Read more >
MOST READ ARTICLES
Compliance
New Financial Audit Rule Increases Requirements for Plan Sponsors
Research
2021 Recordkeeping Survey
Data and Research
Participants Missing the Full Match Remains a Big Problem
Webcast: Fiduciary Rule Implications for Plan Sponsors
The Department of Labor (DOL) has published the final version of its “conflict of interest” rule to expand the definition of “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA). Join us for a webcast sponsored by Voya Financial to discuss the implications for plan sponsors.Read more >
Market Mirror

U.S. stocks gave up an early gain and closed slightly lower as investors hold dim expectations for company earnings, according to the Associated Press. The Dow was down 20.55 points (0.12%) at 17,556.41, the NASDAQ closed 17.29 points (0.36%) lower at 4,833.40, and the S&P 500 decreased 5.53 points (0.27%) to 2,042.07. The Russell 2000 increased by 1.55 (0.14%) to 1,094.34, and the Wilshire 5000 lost 40.93 points (0.19%) to finish at 21,021.24.

On the NYSE, 3.2 billion shares traded, with 3 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares changed hands, with a slight lead for decliners.

The price of the 10-year Treasury note slipped 1/32, increasing its yield to 1.721%. The price of the 30-year Treasury bond was down 3/32, bringing its yield up to 2.557%.
Sponsored message from MetLife
Pension Risk Transfer Pulse. Get the latest findings from a recent MetLife poll.Read more >
Compliance
GASB Guidance Clarifies Pension Reporting for Government Plans
A new GASB statement addresses practice issues raised by stakeholders during implementation of previous statements for financial reporting for government pension plans.Read more >
Private Equity Funds Liable for Multiemployer Plan Withdrawal Liability
A federal district court found private equity funds that owned a bankrupt company are responsible for that company’s multiemployer pension plan withdrawal liability.Read more >
From the Magazine
Health Care Expense Predictions Struggle to Capture Reality
Retirement savings needed for people with cancer, cardiovascular disease, Type 2 diabetes or other such health issues vary considerably from savings needed for the general population—even ostensibly healthy people all face markedly different lifetime expense outlooks. That is why it is key for those running a retirement health care cost analysis to understand exactly what their predictions account for—and what they do not.Read more >
Small Talk
ON THIS DATE: In 1833, Charles Gaylor patented the fireproof safe. In 1861, Confederate forces shelled Fort Sumter—starting America’s Civil War. In 1877, a catcher’s mask was used in a baseball game for the first time by James Alexander Tyng. In 1892, voters in Lockport, New York, became the first in the U.S. to use voting machines. In 1938, the first U.S. law requiring a medical test for a marriage license was enacted in New York. In 1945, U.S. President Franklin D. Roosevelt died in Warm Springs, Georgia, of a cerebral hemorrhage at the age of 63. Harry S. Truman became president. In 1981, the space shuttle Columbia blasted off from Cape Canaveral, Florida, on its first test flight. In 1988, Harvard University won a patent for a genetically altered mouse. It was the first patent for a life form.
TRIVIAL PURSUITS: Currently, we vote using punch cards read by computers or, in some places, using touch-screen computer voting. How did voting methods evolve from Colonial times until now?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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