Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 27th, 2015
Benefits & Administration
Public Plans Data Website Launched
A consortium of public retirement system research and advocacy groups announced the launch of an enhanced public plans data website. Available on the site are “Quick Facts” publications, covering asset allocations and funded ratios at the national, state and plan levels, among other topics.Read more >
Updating Communications to Retirement Plan Participants
Retirement plan sponsors should revisit their communications strategies to keep up with participants’ needs and advancing technology. With each effort to engage retirement plan participants, plan sponsors should ask, “What is it we’re trying to communicate; do we have a clear call to action; what do we want to measure; and to what end?” says Elizabeth A. Piper, participant experience manager at Wells Fargo Institutional. Plan sponsors have access to all kinds of participant data to help them see where they stand, Piper told attendees of the 44th Annual Retirement & Benefits Management Seminar, hosted by the Darla Moore School of Business at the University of South Carolina, and co-sponsored by PLANSPONSOR. She said communications should include a next best step for participants, and plan sponsors should track participant actions.Read more >
Economic Events
New orders for manufactured durable goods in March increased $9.3 billion or 4.0% to $240.2 billion, the U.S. Census Bureau announced. This increase, up two of the last three months, followed a 1.4% February decrease. Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 2.6%. Transportation equipment, also up two of the last three months, drove the increase, up $9.5 billion or 13.5% to $80.3 billion. THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will issue its Consumer Confidence Index for April. Thursday, the Labor Department will issue its initial claims report. Friday, the Census Bureau will report about construction spending in March.