Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 22nd, 2016
Benefits & Administration
Presidential Candidates Not Addressing Aging and Retirement
With relatively flat fertility rates, rising longevity and 10,000 Baby Boomers turning 70 every day, America is becoming a “gerontocracy,” says Ken Dychtwald, Ph.D., chief executive officer of Age Wave in San Francisco. Dychtwald believes that anyone wishing to be our next president should indicate his or her knowledge of and priorities regarding the medical, scientific, economic, employment, infrastructure and intergenerational dimensions of this coming demographic transformation. He believes there are five essential trans-partisan issues that must be addressed, that were not covered in any debate.Read more >
Poll Identifies Planned Fiduciary Rule Responses
Fourteen percent of retirement plan providers surveyed by SPARK Institute believe they will become an ERISA fiduciary for the first time under the new regulations.Read more >

2023 DC Survey Standouts
Understanding Investments and Fees: A Key Part of Plan Committee Education
Data and Research
Financial Literacy Quiz Reveals Americans Lack Understanding of Retirement Income
Saving for Retirement Americans' Biggest Financial Worry
Education and health care costs and credit card debt are also keeping them awake at night.Read more >
Products, Deals and People
Three new funds launched by T. Rowe Price employ the firm’s quantitative management style designed for long-term investors seeking capital growth through the use of systematic, data-driven stock-selection models.Read more >
Economic Events

In the week ending April 16, the advance figure for seasonally adjusted initial claims for unemployment insurance was 247,000, a decrease of 6,000 from the previous week’s unrevised level of 253,000, the Labor Department reported. This is the lowest level for initial claims since November 24, 1973, when it was 233,000. The four-week moving average was 260,500, a decrease of 4,500 from the previous week’s unrevised average of 265,000.

The average interest rate for a 30-year fixed-rate mortgage is 3.59%, up from 3.58% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed rate mortgage is 2.85%, down from 2.86%.
Market Mirror

Major U.S. stock indices closed lower Thursday. Traditional safe-play stocks such as phone companies and utilities had the biggest declines, according to the Associated Press. The Dow fell 113.75 points (0.63%) to 17,982.52, the NASDAQ was down 2.24 points (0.05%) at 4,945.89, and the S&P 500 closed 10.31 points (0.49%) lower at 2,092.09. The Russell 2000 decreased 6.52 points (0.57%) to 1,135.77, and the Wilshire 5000 lost 111.05 points (0.51%) to finish at 21,587.63.

On the NYSE, 3.2 billion shares traded, with 1.7 declining issues for every advancing issue. On the NASDAQ, 2.7 billion shares changed hands, with a slight lead for decliners.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 1.865%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 2.689%.
IRS Hosts Webcast About 403(b) Universal Availability Rules
The webcast will address treatment of adjunct faculty at universities and treatment of part-time, seasonal and temporary employees, among other things.Read more >
From the Magazine
Insights: Plan Design Innovation
How progressive or conservative is your retirement plan or investment committee? That’s the question we set out to evaluate in this, our annual special anniversary, issue of PLANSPONSOR. And no, I don’t mean politically.Read more >
While investment managers surveyed by Northern Trust feel confident about economic prospects in the U.S., some worries persist about global performance.Read more >
Small Talk

ON THIS DATE: In 1509, Henry VIII ascended to the throne of England upon the death of his father Henry VII. In 1861, Robert E. Lee was named commander of Virginia forces. In 1864, the U.S. Congress passed legislation that allowed the inscription “In God We Trust” to be included on one-cent and two-cent coins. In 1889, at noon, the Oklahoma land rush officially started as thousands of Americans raced for new, unclaimed land. In 1944, during World War II, the Allies launched a major attack against the Japanese in Hollandia (now known as Jayapura), New Guinea. In 1952, an atomic test conducted in Nevada was the first nuclear explosion shown on live network television. In 1970, the first “Earth Day” was observed by millions of Americans. In 1976, Barbara Walters became the first female nightly network news anchor. In 1993, the U.S. Holocaust Memorial Museum was dedicated in Washington, D.C.


And now it’s time for FRIDAY FILES!
Have a common name? I’ve met quite a few Rebecca Moore’s in my lifetime. Here is an amusing video about the struggles of having a common name.Read more >
In Beijing, China, bulldozers battle in the street.Read more >

Starting in Memphis, Tennessee, pilots of a FedEx cargo heard a knock on the cabin door by a man who was an accidental stowaway. The pilots instructed him to sit in a jump seat in the cargo area and prepare for landing. According to the Huffington Post, the man is a FedEx worker who fell asleep while loading the Lubbock, Texas-bound aircraft.

In Westlake, Ohio, a stranger showed up at the door of a home in which only two teenage brothers were there. He was let in by the younger teen, breaking the family rule on admitting only known relatives, police said. Once inside, the man told the boys that their father owed him money, and he threatened them. The boys barricaded themselves in a bedroom, jumped out a second-floor window onto a garage roof and ran to a neighbor’s home to call for help. However, when police arrived, the boys’ father explained that he had a friend pose as a threatening ex-convict during a test to see whether his teenagers would let a stranger into their home, according to the Associated Press. A prosecutor will consider potential child-endangering charges against the adults.

In Corte Madera, California, a man drove to the California Highway Patrol office to report a crash he had been involved in over the weekend. According to the Associated Press, an officer who spoke to the man in the station’s lobby said he smelled strongly of alcohol. Also, his eyes were red and watery. After confirming that the man drove himself to the office, the man was given a sobriety test, and failed. He was arrested.

In Lincoln, California, EMTs responded to a call about an 87-year-old man who passed out while mowing the lawn. He didn’t want to go to the hospital, but his family took him inside to try to convince him to go with the EMTs. While inside, they heard the lawnmower crank up and looked out to find one of the EMTs finishing mowing the lawn. The elderly man’s son went out and said, ‘You don’t have to do this,’ but the EMT responded, ‘I checked with dispatch and we don’t have any pressing calls,’ the Huffington Post reported.

Have a wonderful weekend!
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


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