Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 17th, 2017
Benefits & Administration
Cost Concerns Driving Pension Risk Transfer Decisions
Even the plan sponsors that have not implemented a pension risk transfer say costs from changing mortality assumptions and rising Pension Benefit Guaranty Corporation (PBGC) premiums would make them more likely to do so, a study finds. Read more >
Taxpayers Not Burdened by Public Pensions
Taxpayers only contribute about 20 cents on the dollar toward public pension plan contributions, according to a recent paper by the National Conference on Public Employee Retirement System (NCPERS). The organization also cites research by the National Institute on Retirement Security (NIRS) indicating that every dollar paid in pension benefits creates $2.21 in economic output. This results in about $3.7 trillion of pension fund assets invested in the U.S. economy by public pension funds, NCPERS suggests. Read more >
MOST READ ARTICLES
1
SECURE Act Passes House, Bringing Calls for Senate Collaboration
2
J.P. Morgan Agrees to Settle Stable Value Funds Suit
3
Individuals, Employers and Government All Play a Part in Retirement Readiness
4
Participant Loans: A Fiduciary Storm Brewing?
5
What to Know About Financial Audits Filed with Form 5500s
Products, Deals and People
Tax-Exempt Retirement Plans Have Varying Focuses
Heather Lavallee from Voya spoke with PLANSPONSOR about the different issues tax-exempt plan sponsors are dealing with and how Voya is especially working with health care retirement plan sponsors. Read more >
US SIF Offers Guide to Including Sustainable Investments in DC Plans
The US SIF Foundation released a resource for plan sponsors, “Adding Sustainable and Responsible Investing Options to Defined Contribution Plans.” The five-step guide assists plan sponsors considering the addition of a sustainable and responsible investment (SRI) option to their defined contribution (DC) retirement plans. Along with practical tips and suggestions, the guide provides links to additional resources plan sponsors can leverage. Read more >
Sponsored message from Natixis
What Do Millennials Want in Their Investments?
84% surveyed say they would like their investments to reflect their personal values. It’s an inspiring opportunity – by educating younger investors about potential opportunities in the ESG space that may correspond with their values, financial advisors could help inspire them to put some more of the dollars they earn today toward a better future. Read more >
Economic Events

Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,155,000, the Census Bureau reported. This is 4.8% below the revised June estimate of 1,213,000.

Market Mirror

Wednesday, the Dow closed 25.88 points (0.12%) higher at 22,024.87, the NASDAQ increased 12.10 points (0.19%) to 6,345.11, and the S&P 500 was up 3.50 points (0.14%) at 2,468.11. The Russell 2000 was virtually unchanged at 1,383.53, and the Wilshire 5000 gained 35.99 points (0.14%) to finish at 25,546.70.

The price of the 10-year Treasury note increased 14/32, bringing its yield down to 2.226%. The price of the 30-year Treasury bond climbed 25/32, decreasing its yield to 2.811%.

From the Magazine
Selecting And Monitoring
So you’ve finally decided it’s time for a new recordkeeper. For the retirement plan committee, selecting a recordkeeper—really, all service providers for the plan—is an ongoing fiduciary duty. Here, experts discuss these and other issues that should be considered when selecting and monitoring your recordkeeper. Read more >
Small Talk

ON THIS DATE: In 1790, the capital city of the U.S. moved to Philadelphia from New York City. In 1863, federal batteries and ships bombarded Fort Sumter in Charleston, South Carolina, harbor during the Civil War. In 1896, the Klondike gold rush was set off by George Carmack discovering gold on Rabbit Creek in Alaska. In 1903, Joseph Pulitzer donated a million dollars to Columbia University. This started the Pulitzer Prizes in his name. In 1915, Charles F. Kettering received a patent for the first electric ignition device. In 1939, the movie “Wizard of Oz” premiered in New York. In 1961, the Communist East German government completed the construction of the Berlin Wall. In 1973, Lee Trevino got the first hole in one of his career at the U.S.I. Golf Classic, in Sutton, Massachusetts. In 1977, Florists Transworld Delivery (FTD) reported that in one day the number of orders for flowers to be delivered to Graceland following Elvis Pressley’s death had surpassed the number for any other event in the company’s history. In 1982, the Senate approved an immigration bill that granted permanent resident status to illegal aliens who had arrived in the United States before 1977. In 1996, Ross Perot was announced to be the Reform Party’s presidential candidate. It was the party’s first-ever candidate. In 1998, NationsBank and BankAmerica merged to create the largest U.S. bank. In 2002, in Santa Rosa, California, the Charles M. Schulz Museum opened to the public.

SURVEY SAYS: With an increase in workers taking on ‘gig’ jobs, the question is how to ensure they have the opportunity to save for retirement and are protected from high health benefit costs. This week, I’d like to know, do you know someone working a ‘gig’ job, and do they receive health and/or retirement benefits? You may respond to this week’s survey by 6 p.m. Pacific time today. 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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