Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 15th, 2017
Benefits & Administration
Americans Worry Inflation Will Derail Their Retirement
Fifty-four percent of Americans said they are “terrified” or “very concerned” that inflation will impede their ability to pay for health care, Allianz Life Insurance Company of North America found in a survey. The same concerns were expressed about paying for long-term care (45%), living the lifestyle they would like to have in retirement (40%), being able to pay for housing (33%), paying for groceries (29%) and being able to afford to travel (27%). Read more >
Roth 401(k) Option Availability Increases With Company Size
More large companies also tend to include other features in their retirement plans more so than small companies, such as employer match and automatic enrollment and escalation, a Transamerica study of employers finds. Read more >
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Participants Do Not Factor Tax Rates Into Retirement Savings Decisions
Researchers found that although education increased participants’ use of expected tax-rate changes in their plan choices, participants continued to display an economically “irrational” preference for pre-tax deferrals over Roth deferrals. Read more >
PLANADVISER National Conference
Attention Retirement Plan Advisers!
The PLANADVISER National Conference is about a month away! If you are a retirement plan adviser and haven’t registered, what are you waiting for? We have an all-new agenda we’ve developed for this year’s event featuring industry leaders, PLANSPONSOR Retirement Plan Advisers of the Year and many PLANADVISER Top 100 Advisers. Join us next month and experience a wealth of new speakers and thought-provoking sessions designed to help retirement plan advisers—like you—succeed in this ever-evolving marketplace. Read more >
Market Mirror

Yesterday, the Dow gained 135.39 points (0.62%) to finish at 21,993.71, the NASDAQ closed 83.68 points (1.34%) higher at 6,340.23, and the S&P 500 increased 24.52 points (1.00%) to 2,465.84. The Russell 2000 lost 18.02 points (1.28%) to finish at 1,394.30, and the Wilshire 5000 climbed 256.38 points (1.01%) to 25,547.52.

The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.225%. The price of the 30-year Treasury bond decreased 17/32, bringing its yield up to 2.813%.

Compliance
Sears Faces Another ERISA Lawsuit
Another participant has filed a lawsuit against Sears Holdings Corporation over its continued offering of company stock in its retirement plans after disclosures that the company was not doing well financially. However, unlike the first lawsuit filed, this one was filed not only on behalf of the Sears Holdings Savings Plan, but also the Sears Holdings Puerto Rico Savings Plan and their participants and beneficiaries. Read more >
From the Magazine
Meeting Participant Goals
A hospitality industry plan sponsor introduces one-on-ones with HR to increase participation. Read more >
Small Talk

ON THIS DATE: In 1848, the dental chair was patented by M. Waldo Hanchett. In 1877, Thomas Edison wrote to the president of the Telegraph Company in Pittsburgh. The letter stated that the word, “hello” would be a more appropriate greeting than “ahoy” when answering the telephone. In 1911, the product Crisco was introduced by Procter & Gamble Company. In 1914, the Panama Canal was officially opened to commercial traffic as an American ship sailed from the Atlantic to the Pacific Ocean. The first vessel to pass through the canal was the American cargo and passenger ship SS Ancon. In 1918, diplomatic ties between the U.S. and Russia were severed. In 1939, “The Wizard of Oz” premiered in Hollywood. In 1944, the Allied forces of World War II landed in southern France. In 1945, the Allies proclaimed V-J Day a day after Japan agreed to surrender unconditionally. In 1948, the Republic of Korea was proclaimed. In 1948, CBS-TV inaugurated the first nightly news broadcast with anchorman Douglas Edwards. In 1961, East German workers began construction of the Berlin Wall. In 1994, the U.S. Social Security Administration became an independent government agency. It had been a part of the Department of Health and Human Services agency. In 2000, a group of 100 people from North Korea arrived in South Korea for temporary reunions with relatives they had not seen for half a century. Also, a group of 100 South Koreans visited the North. In 2001, astronomers announced the discovery of the first solar system outside our own. They had discovered two planets orbiting a star in the Big Dipper.

TRIVIAL PURSUITS: How did the word ‘seed’ come to be used in sports? Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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