Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 15th, 2018
Benefits & Administration
Retirement Plan Sponsors Could Do More to Improve Employee Retirement Outcomes
Nearly half of nonprofit and corporate, for-profit employers are only somewhat confident in their employees’ retirement futures and one in five say they are not at all confident, according to the 2018 TIAA Plan Sponsor Retirement Survey. Nearly all surveyed cited rising health care costs (91%) followed by outliving retirement savings (77%) as their biggest concerns, yet TIAA says surprisingly few have built retirement plan offerings that solve for these challenges. Employers also worry that many of their employees are not saving enough (75%) or are choosing not to participate in a retirement plan (55%). TIAA supports offering lifetime income options and makes other plan administrative and design suggestions to alleviate plan sponsors’ concerns about their employees’ retirement outlook. Read more >
Half of Pre-Retirees Expect to Return to Work
Fifty-three percent of workers who expect to retire in the next five years think it is likely they will return to work, according to a survey by Home Instead, Inc. Earning additional income was their primary reason for returning to work, cited by 67%. Read more >
Meaningful Education Needed Before Open Enrollment
Education about benefits should be simple and personalized, and with the recent focus on health savings accounts (HSAs) as a way to save for retirement health care costs, special attention should be paid to education about them. Read more >
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Market Mirror

Tuesday, the Dow was up 112.22 points (0.45%) at 25,299.92, the NASDAQ closed 51.19 points (0.65%) higher at 7,870.89, and the S&P 500 increased 18.03 points (0.64%) to 2,839.96. The Russell 2000 climbed 17.26 points (1.03%) to 1,692.58, and the Wilshire 5000 gained 211.03 points (0.72%) to finish at 29,639.89.

The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.894%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 3.062%.

Ask the Experts
Why 403(b) Assets Are Generally Not Held in a Trust
“Why are 403(b) plan assets generally not held in a trust?” Read more >
Sponsored message from Mercer
How mid-size companies can create an ideal DC plan. By closely considering five key areas, mid-size companies can mold their DC plan into ideal one. Read more >
Investing
Crowded Private Debt Market Confounds Institutional Investors
A Willis Towers Watson report suggests large capital flows into certain squeezed portions of the private credit market are creating downward pressure on returns and upward pressure on risk. Read more >
401(k) Participants Mostly Stayed Put in Investments in July
Among those who did trade, the majority put assets into fixed income vehicles. Read more >
Small Talk
How common are demotions at work? According to new research from staffing firm OfficeTeam, nearly half of HR managers (46%) have seen someone at their company moved down a rung on the career ladder. A separate survey found that more than one in 10 workers (14%) have been asked to take on a lower role. Male employees (55%) and those ages 18 to 34 (64%) most often resigned in response to being demoted. Read more >

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, Pennsylvania. 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 1939, “The Wizard of Oz” premiered in Hollywood. In 1947, India became independent from Britain and was divided into the countries of India and Pakistan. India had been under British rule about 200 years. 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 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.

 

WEDNESDAY WISDOM: “Change your life today. Don’t gamble on the future, act now, without delay.”—Simone de Beauvoir, French writer, political activist and feminist

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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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