Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 3rd, 2017
Benefits & Administration
When it comes to retirement, LIMRA Secure Retirement Institute research shows expectations vary greatly depending on consumers’ generations. Fifty-eight percent of Millennials have high expectations of retirement, while only 39% of Gen X and 43% of non-retired Baby Boomers feel the same way. Read more >
According to the latest study by the National Financial Educators Council (NFEC), 28.8% of Americans at least 65 years old reported that lacking knowledge about personal finances caused them to lose $30,000 or more in their lifetime. Read more >
Millennials Show Distinct Retirement Planning Preferences
Research shows Generation-Y wants to plan for retirement online as well as on mobile, and they would prefer all the help they can get. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
New Lawsuit Highlights Importance of Cybersecurity for Retirement Plans
4
IRS Releases 2019-2020 Priority Guidance Plan
5
DC Plans 3.0 Will Really be Tailored to Individual Situations
Study Finds Varied Content on Financial Wellness Websites
Retirement plan service providers often fall short of providing additional desirable result features, such as calls to action and scenario comparisons, an analysis found. Read more >
One-Quarter of Americans Older Than 55 Not Saving for Retirement
Is 70 becoming the new 65? CareerBuilder asked this question in a survey of those age 60 and older. Thirty percent said they plan to retire at age 70 or even older, and 20% don’t expect to ever retire. While not having enough money to retire is the reason why they are planning to delay retirement, 34% of those age 60 and older are unsure how much they will need to retire. Read more >
How to Encourage HSA Use
More and more, employers and retirement plan providers are touting HSAs as a way to save for health care costs in retirement, but what is impeding employees from using them more? Read more >
Sponsored message from Vanguard
A different kind of target-date investor
Cynthia Pagliaro and Stephen Utkus
Roughly 1/3rd of plan participants in target-date funds at Vanguard are “mixed” target date investors. There are concerns that mixed investors are misusing all-in -one funds and take on added risk through overlapping securities. Read more >
Products, Deals and People
Street Corporation will work with Fidelity National Information Services (FIS) to distribute its GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, to nearly 300 global asset management clients, including private equity managers, investors and third-party administrators. Read more >
An updated retirement readiness and financial wellness website released by OneAmerica features an “extensive library of materials” allowing plan sponsors to “focus on specific topics and resources that will resonate most with their employees.” Read more >
The California State Teachers’ Retirement System (CalSTRS) announced a comprehensive redesign of 403bCompare.com, a free online resource providing tools for visitors to compare hundreds of supplemental savings products available through their employer. Read more >
Retirement Industry People Moves
Arnerich Massena promotes two consultants, and Sikich to acquire Evolution Retirement Services. Read more >
Economic Events

THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about construction spending for February. Tomorrow, the Census Bureau will report about factory orders for February. Thursday, the Census Bureau will issue its initial claims report. Friday, the Census Bureau will report about wholesale trade for February, and the Bureau of Labor Statistics will reveal the unemployment rate for March.

Market Mirror

Friday, the Dow closed 65.27 points (0.31%) lower at 20,663.22, the NASDAQ slipped 2.61 points (0.04%) to 5,911.74, and the S&P 500 was down 5.34 points (0.23%) at 2,362.72. The Russell 2000 was up 3.57 points (0.26%) at 1,385.91, and the Wilshire 5000 decreased 32.47 points (0.13%) to 24,624.72.

On the NYSE, 3.1 billion shares traded, with 3 advancing issues for every 2 declining issues. On the NASDAQ, 3.0 billion shares changed hands, with a slight lead for advancers.

The yield for the 10-year Treasury note was 2.386%. The yield for the 30-year Treasury bond was 3.009%.

WEEK’S WORTH: For the week ending March 31, the Dow was up 0.32%, the NASDAQ gained 1.42%, and the S&P 500 increased 0.80%. The Russell 2000 climbed 2.31%, and the Wilshire 5000 finished 1.02% higher.

Compliance
Senate Votes to Overturn DOL Rules on Government-Run Retirement Plans
The Senate has voted to overturn Department of Labor (DOL) rules that help state and local governments set up retirement savings plans for private-sector workers who have no access to such plans, according to news reports. The House of Representatives has already passed similar resolutions. Read more >
Small Talk

ON THIS DATE: In 1513, Spanish explorer Juan Ponce de Leon landed in Florida. In 1776, George Washington received an honorary Doctor of Laws degree from Harvard College. In 1860, the first Pony Express riders left St. Joseph, Missouri, and Sacramento, California. The trip across country took about 10 days. In 1865, Union forces occupy Confederate capital of Richmond, Virginia. In 1882, American outlaw Jesse James was shot in the back and killed by Robert Ford for a $5,000 reward. In 1936, Richard Bruno Hauptmann was executed for the kidnapping and death of the son of Charles and Anne Lindbergh. In 1948, U.S. President Harry Truman signed the Marshall Plan to revive war-torn Europe. It was $5 billion in aid for 16 countries. In 1949, Dean Martin and Jerry Lewis debuted on radio on the “Martin and Lewis Show”. The NBC program ran until 1952. In 1953, “TV Guide” was published for the first time. In 1968, Martin Luther King Jr. delivered his “mountaintop” speech just 24 hours before he was assassinated. In 1979, Jane Byrne became the first female mayor in Chicago. In 1993, the Norman Rockwell Museum opened in Stockbridge, Massachusetts. In 1996, Unabomber suspect Theodore Kaczynski was arrested.

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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