Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 9th, 2018
Webcast Event
Wells Fargo Asset Management collaborated with Gallup on proprietary research that explored investor perspectives on ESG and retirement income investing. The research revealed that nearly all investors surveyed want sustainable and predictable income in retirement, yet they don’t know how to achieve it; and environmental, social and governance (ESG) investing can be a keystone in the pursuit of retirement plan success if you connect with investor minds, hearts, and souls. Join our live webinar on April 17 to learn how to turn these insights into actions.Read more >
Benefits & Administration
Roth Accounts: A Different Type of Retirement Savings Diversification
Just as people diversify their investments, the Roth option is viewed as a way to diversify the tax treatment of savings. Here’s what plan sponsors need to know about Roth accounts and in-plan Roth conversions.Read more >
Products, Deals and People
Retirement Industry People Moves
Mercer names West Market CEO; New Custodia Executive VP to lead Retirement Loan Eraser sales; Ohio-based firm formalizes Retirement Plan Services offering; and more.Read more >
Finalized Form 5500 Changes Add to Plan Sponsors’ Responsibilities
2021 Recordkeeping Survey
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Economic Events

Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1%, according to the Bureau of Labor Statistics (BLS). Employment increased in manufacturing, health care, and mining.


THE ECONOMIC WEEK AHEAD: Tomorrow, the BLS will reveal the producer price index for March, and the Census Bureau will report about wholesale trade for February. Wednesday, the BLS will reveal the consumer price index for March. Thursday, the Labor Department will issue its initial claims report.
Market Mirror

Friday, the Dow fell 572.46 points (2.34%) to 23,932.76, the NASDAQ lost 161.44 points (2.28%) to finish at 6,915.11, and the S&P 500 closed 58.37 points (2.19%) lower at 2,604.47. The Russell 2000 was down 29.63 points (1.92%) at 1,513.30, and the Wilshire 5000 decreased 371.25 points (1.35%) to 27,049.45.


The price of the 10-year Treasury note increased 16/32, bringing its yield down to 2.775%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 3.020%.


WEEK’S WORTH: For the week ending April 6, the Dow was down 0.71%, the NASDAQ fell 2.10%, and the S&P 500 lost 1.38%. The Russell 2000 decreased 1.05%, and the Wilshire 5000 finished 1.32% lower.
IRS Seeks Input for Determination Letter Program Exceptions in 2019
In Notice 2018-24, the Internal Revenue Service (IRS) requests comments on the potential expansion of the scope of the determination letter program for individually designed plans during the 2019 calendar year, beyond provision of determination letters for initial qualification and qualification upon plan termination. When the IRS ended its determination letter program, it said it anticipates making exceptions based on program capacity to work on additional applications, and the need for rulings in certain areas.Read more >
Court Rules Method for Calculating Multiemployer Plan Withdrawal Liability Was Improper
A federal district court has ruled a multiemployer pension fund’s use of the “Segal Blend” rate when assessing a member’s withdrawal liability was, in this instance, improper.Read more >
From the Magazine
What Lower Fees Reveal
In managing their defined contribution (DC) retirement plans, plan sponsors, for years, have been waging war on two fronts—on the first, trying to boost employee engagement and raise participation and contribution rates, and the second, to reduce the costs for participants. As investment and recordkeeping costs retreat, questions arise.Read more >
Small Talk
ON THIS DATE: In 1833, Peterborough, New Hampshire, opened the first municipally supported public library in the United States. In 1865, at Appomattox, Virginia, General Robert E. Lee surrendered his Confederate Army to Union General Ulysses S. Grant. Though there were still Confederate armies in the field, the war was officially over. The four years of fighting had killed 360,000 Union troops and 260,000 Confederate troops. In 1866, the Civil Rights Bill passed over U.S. President Andrew Johnson’s veto. In 1867, the U.S. Senate ratified the treaty with Russia that purchased the territory of Alaska, by one vote. In 1913, the Brooklyn Dodgers’ Ebbets Field opened. In 1942, in the Battle of Bataan, American and Filipino forces were overwhelmed by the Japanese Army. In 1959, NASA announced the selection of America’s first seven astronauts. In 1963, Winston Churchill became the first honorary U.S. citizen. In 1965, the Houston Astrodome hosted its first baseball game. In 1967, the first Boeing 737 was rolled out for use. In 1998, the National Prisoner of War Museum opened in Andersonville, Georgia.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Have you cried or expressed anger at your workplace?” Nearly three-quarters of responding readers have cried at their workplace. Asked if they’ve ever expressed anger at their workplace, more than one-third (35.6%) said they did so toward no one in particular, while 22.2% did so toward a co-worker or co-workers, 8.9% expressed anger toward management or executives, and 11.1% did so toward co-workers and management or executives. Nearly three-quarters (73.3%) of responding readers think showing emotion in the workplace is fine on rare occasions, while 13.3% said it is always bad. Among comments left by readers were a few who said crying and anger often go hand-in-hand for them, and one who said, “It is amazing what the type of work environment can do for your physical, mental and emotional being.” Many readers said in different ways that emotions are bound to come out at work. Some offered examples of how showing emotions can lead to good results, while others said it is definitely not a good thing. Editor’s Choice goes to the reader who said: “For the anger question, I answered no, but I have been known to ‘vent’ to co-workers about someone or something. To me, venting is different than anger.” A big thank you to all who participated in the survey!Read more >
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Editorial: Alison Cooke Mintzer


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