Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 18th, 2017
Benefits & Administration
More Americans Say They Want to Stop Working and Retire
More households than ever (35%) in the past seven years “want to stop working/retire at a certain age,” analyses by Hearts & Wallets find. After a several year trend of a majority wanting to work as long as health permits, that number dropped to less (45%) this past year. Hearts & Wallets speculates that the increase in the desire to stop work is a reflection of a greater control of their ability to work due to the “gig” economy. While participation in an employer-sponsored retirement plan is one way to prepare to stop work, Hearts & Wallets finds the portion of savings going into these plans continue to decline.Read more >
Social Security Reform Should Consider Life Expectancy Gap
Researchers have confirmed that life expectancy at older ages has been rising fastest for the highest socioeconomic groups, according to a paper published by the National Bureau of Economic Research. They also found that for those born in 1960, there is a $130,000 gap in Social Security benefits between the highest and lowest socioeconomic groups.Read more >
Participants Will Need Support to Understand Lifetime Income Projections
Data and Research
DB Plans Retain Cost Advantage Over DC Plans
Milliman Accused of Failing to Prune Bad Investments From 401(k)
More Than One-Third of Americans Can’t Describe a 401(k)
Nearly 40% of Americans don’t know what a 401(k) is, according to a GOBankingRates survey of Americans about basic finance terms and concepts. Fewer young Millennials chose the correct answer than other age groups.Read more >
Market Mirror

Yesterday, the Dow climbed 183.67 points (0.90%) to 20,636.92, the NASDAQ closed 51.64 points (0.89%) higher at 5,856.79, and the S&P 500 increased 20.06 points (0.86%) to 2,349.01. The Russell 2000 slipped 3.39 points (0.25%) to 1,361.17, and the Wilshire 5000 gained 209.81 points (0.86%) to finish at 24,472.40.

On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues nearly 3 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a more than 2 to 1 lead for advancers.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.247%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 2.907%.
From the Magazine
Saxon Angle: Where Are We Now?
With the Department of Labor (DOL) fiduciary rule now applicable on April 10, it is unlikely that the rule will survive in its current form, experts say. The last 12 months have contained bursts of activity as the rule has lurched toward implementation. Two recent developments illuminate the ledge on which the fiduciary rule now sits.Read more >
Long-term mutual funds and exchange-traded products (ETPs) experienced net deposits of $75.4 billion in March, slightly down from the $79.4 billion in net new flows seen in February, according to Strategic Insight, parent company of PLANSPONSOR. Passive strategies accounted for nearly all of March’s net new flows at $75.4 billion (including $44.2 billion to ETPs).Read more >
Asset Managers Reacting to Passive Investing Shift
A new analysis published by TABB Group, finds more than 95% of U.S. equity funds have been impacted by investors’ move from actively managed funds to passive strategies. “Responses to the shift vary greatly, ranging from just hoping this trend changes to working to reduce their cost structure, with everything in-between,” TABB Group says.Read more >
Small Talk
ON THIS DATE: In 1775, American revolutionaries Paul Revere, William Dawes and Samuel Prescott rode though the towns of Massachusetts giving the warning that the Regulars were coming out. In 1838, the Wilkes’ expedition to the South Pole set sail. In 1847, U.S. troops defeated almost 17,000 Mexican soldiers commanded by Santa Anna at Cerro Gordo during the Mexican-American War. In 1861, Colonel Robert E. Lee turned down an offer to command the Union armies during the U.S. Civil War. In 1923, Yankee Stadium opened in the Bronx, New York. In 1924, Simon and Schuster, Inc. published the first “Crossword Puzzle Book.” In 1934, the first Laundromat opened in Fort Worth, Texas. In 1938, Superman made his debut when he appeared in the first issue of Action Comics. (Cover date June 1938). In 1946, the League of Nations was dissolved. In 1949, the Republic of Ireland was established. In 1978, the U.S. Senate approved the transfer of the Panama Canal to Panama scheduled for December 31, 1999. In 1999, Wayne Gretzky (New York Rangers) played his final game in the NHL. He retired as the NHL’s all-time leading scorer and holder of 61 individual records.
TRIVIAL PURSUITS: Many of us call the monster created in the book “Frankenstein” or “The Modern Prometheus” Frankenstein, probably due to the movies. But, in Mary Shelley’s 1818 novel, what was the name of the monster?Read more >
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Editorial: Alison Cooke Mintzer


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