Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 27th, 2017
Benefits & Administration
Proposed Mortality Assumptions Will Increase DB Plan Costs
The Society of Actuaries has analyzed the Internal Revenue Service’s proposed increases to the mortality tables that would apply to single employer pension plans in 2018, and has found that they will increase Pension Benefit Guaranteed Corporation (PBGC) premiums by 12%, from $8.6 billion to $9.6 billion. They would also result in a 2.9% increase in the aggregate funding target liabilities, raising them to $65 billion, and decrease the aggregate funded status, from 97% to 96%.Read more >
Employee Financial Wellness Key to Company Success
Most financial executives believe that employee benefits packages focusing on financial wellness are key drivers of success for their companies, according to a recent survey by CFO research and Prudential. The study found that more than half of executives or 82% believe their company will benefit from having a financially secure workforce.Read more >
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
Pension Risk Transfer Appetite Is Unabated
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Why Americans Need the SECURE Act
Millennials Not Financing Their American Dream
More than six in 10 Millennials believe the American Dream is still alive today, according to the Bank of the West 2017 Millennial Study. However, Millennials’ savings habits do not align with their goals for the future. They prioritize one day owning a home and saving for retirement—and yet in practice, more Millennials are saving to travel than for either of these two goals.Read more >
Market Mirror

Wednesday, the Dow was down 21.03 points (0.10%) at 20,975.09, the NASDAQ was virtually unchanged at 6,025.23, and the S&P 500 decreased by 1.16 (0.05%) to 2,387.45. The Russell 2000 increased 8.36 points (0.59%) to 1,419.43, and the Wilshire 5000 was up 5.81 points (0.02%) at 24,949.21.

On the NYSE, 3.1 billion shares traded, with 1.3 advancing issues for every declining issue. On the NASDAQ, 2.9 billion shares changed hands, with a 1.6 to 1 ratio of advancers to decliners.

The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.305%. The price of the 30-year Treasury bond increased 16/32, bringing its yield down to 2.962%.
Compliance
DOL Asks to Initiate Surveys About Retirement Strategies
The Department of Labor (DOL) has submitted for review by the Office of Management and Budget an information collection request titled, “On the Road to Retirement Surveys.” The agency says gaining additional insight into Americans’ decisionmaking processes and experiences will “provide policymakers and the research community with valuable information that can be used to guide future policy and research.”Read more >
IRS Clarifies Computation of Plan Loans Available to Participants
A memorandum suggests there are two ways an employer can determine the highest outstanding loan balance in the past year when calculating the amount of an additional loan a participant can take from her DC plan.Read more >
Small Talk
ON THIS DATE: In 1521, Portuguese explorer Ferdinand Magellan was killed by natives in the Philippines. In 1861, West Virginia seceded from Virginia after Virginia seceded from the Union during the American Civil War. In 1865, in the U.S., the Sultana exploded while carrying 2,300 Union POWs. Between 1,400 and 2,000 were killed. In 1880, Francis Clarke and M.G. Foster patented the electrical hearing aid. In 1897, Grant’s Tomb was dedicated. In 1960, the submarine Tullibee was launched from Groton, Connecticut. It was the first sub to be equipped with closed-circuit television. In 1965, “Pampers” were patented by R.C. Duncan. In 1982, the trial of John W. Hinckley Jr. began in Washington, D.C. Hinckley was later acquitted by reason of insanity for the shooting of U.S. President Ronald Reagan and three others. In 1983, Nolan Ryan (Houston Astros) broke a 55-year-old major league baseball record when he struck out his 3,509th batter of his career. In 1989, student protestors took over Tiananmen Square in Beijing. In 1992, Russia and 12 other former Soviet republics won entry into the International Monetary Fund and the World Bank. In 2006, in New York City, construction began on the 1,776-foot One World Trade Center on the site of former World Trade Center.
SURVEY SAYS: We covered a survey that found two-thirds of workers said they’d likely leave their job if they didn’t feel appreciated. This week, I’d like to know, do you feel appreciated at work, and what forms, if any, of appreciation does your company show? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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