Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 6th, 2018
Benefits & Administration
Retirement Plan Participation Higher Than Census Bureau Data
In an analysis of tax data conducted by the Investment Company Institute (ICI), the organization found that in 2014, 63% of workers between the ages of 26 and 64 participated or had a spouse that participated in a retirement plan. This is higher than the findings from the U.S. Census Bureau’s Current Population Survey (CPS), the ICI says. Ever since the Census Bureau instituted a new survey in 2014, it has shown retirement plan participation to drop sharply. Rather, the ICI says, analysis of tax data shows that participation has held steady since 2008. The ICI also discovered that participation increases with age and income.Read more >
Private Higher Education 403(b) Plan Sponsors to Join MEP
Fourteen Virginia private colleges are planning to join a newly created multiple employer plan (MEP) with the expectation of reducing their administrative burdens and cutting costs while helping employees prepare for retirement. The schools are members of the Council of Independent Colleges in Virginia (CICV), an umbrella organization representing 28 private, nonprofit institutions. According to, Robert Lambeth, CICV’s president, says the MEP will allow many retirement plan responsibilities to be handed off to outside firms that have been vetted by CICV. At the same time, colleges participating in the plan expect it to offer employees a better selection of investment options in addition to more guidance on retirement planning.Read more >
2022 Plan Sponsor of the Year
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Delivering Robust Retirement Communication and Education on a Budget
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
Products, Deals and People
Maestro Health Offers New Approach for Self-Funded Health Benefits
The new approach consolidates all of the critical components of health care into a single integrated solution designed to reduce complexity and save money, the company says.Read more >
Economic Events

In the week ending March 31, the advance figure for seasonally adjusted initial claims for unemployment insurance was 242,000, an increase of 24,000 from the previous week’s revised level of 218,000, the Labor Department reported. The four-week moving average was 228,250, an increase of 3,000 from the previous week’s revised average of 225,250.

The average interest rate for a 30-year fixed-rate mortgage is 4.40%, down from 4.44% one week ago, according to Freddie Mac. The average interest rate for a 15-year fixed-rate mortgage is 3.87%, down from 3.90%.

Market Mirror

Thursday, the Dow climbed 240.92 points (0.99%) to 24,505.22, the NASDAQ closed 34.45 points (0.49%) higher at 7,076.55, and the S&P 500 increased 18.15 points (0.69%) to 2,662.84. The Russell 2000 was up 11.26 points (0.74%) at 1,542.93, and the Wilshire 5000 gained 197.97 points (0.72%) to finish at 27,618.66.

The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.830%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 3.072%.

7th Circuit Again Rules Successor is Responsible for Multiemployer Plan Withdrawal Liability
The appellate court disagreed with a district court conclusion that the multiemployer plan had not shown sufficient continuity of business operations to support successor liability.Read more >
DOL Announces Fiduciary Seminar in Rhode Island
The compliance assistance program will increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan.Read more >
Small Talk

ON THIS DATE: In 1789, the first U.S. Congress began regular sessions at the Federal Hall in New York City. In 1830, relations between Texans and Mexico reached a new low when Mexico would not allow further emigration into Texas by settlers from the U.S. In 1862, the American Civil War Battle of Shiloh began in Tennessee. In 1865, at the Battle of Sayler’s Creek, a third of General Lee’s army was cut off by Union troops pursuing him to Appomattox. In 1896, the first modern Olympic Games began in Athens, Greece. In 1957, trolley cars in New York City completed their final runs. In 1965, President Lyndon B. Johnson authorized the use of ground troops in combat operations in Vietnam. In 1987, Sugar Ray Leonard took the middleweight boxing title from Marvin Hagler.

And now it’s time for FRIDAY FILES!

This little boy is not going to get married because he doesn’t like spit.Read more >
Duck snores are cute.Read more >
These dogs think they’re caged up when the exit is RIGHT THERE!Read more >

In Lower Burrell, Pennsylvania, a couple wanted to marry in the place they met. The Valley News Dispatch reported 69-year-old Larry Spiering and 61-year-old Becky Smith married on Easter Sunday at the Community Supermarket in Lower Burrell, where they met 10 years ago. Smith said she was working at the supermarket when Spiering walked up and gave her a piece of paper with his name and phone number on it. She said it was only fitting that they married in the aisle where they met.

In Salina, Kansas, the Salina Journal reports that a 23-year-old woman called police to her house after finding her front door chained from the inside. Police say they searched the house but didn’t find an intruder. Two hours later, the woman and her current boyfriend heard a loud noise and found the woman’s former boyfriend had fallen partly through the living room ceiling. Police say he was hiding in the attic. The current boyfriend pulled the former boyfriend’s legs through the ceiling and began fighting him.

In Quebec City, Canada, a teenager who purchased her first lottery ticket to celebrate her 18th birthday hit the jackpot and will receive $1,000 Canadian a week for the rest of her life.

In Victoria, British Columbia, a man has been welcomed back to the Fairmont Empress Hotel. According to a story confirmed by a hotel spokesperson to the Victoria Times Colonist newspaper, in 2001, the man checked into the hotel for a business meeting with clients at a new job. He also brought some pepperoni from his hometown to share with former Navy buddies in the area. But his room had no fridge so he opened a window to keep it cool, and went for a long walk. Hungry seagulls invaded the room to eat the spicy meat and, in the process, completely destroyed the room. The result was such a housekeeping nightmare that the Fairmont Empress permanently banned him. But, recently, the man went to the hotel to apologize in person and left a present of about a pound of Brothers TNT Pepperoni. The man says since then, one of the managers has encouraged him to stay at the hotel again.

In Royal Oak, Michigan, free buckets of five pounds of animal manure, dubbed Detroit Zoo Poo, will be handed out on April 14 as part of the zoo’s GreenFest celebration. The event precedes Earth Day and will showcase how the zoo recycles waste. Buckets will be available to the first 1,000 visitors to the zoo’s anaerobic digester educational display. According to the Associated Press, the digester converts 500 tons of animal manure and other organic waste each year into methane-rich gas to help power the zoo’s animal hospital. Nutrient-rich fertilizer is a byproduct. The zoo notes the compost “is great for putting in your garden.”

Have a great weekend, everyone!

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Editorial: Alison Cooke Mintzer


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