Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 22nd, 2018
Benefits & Administration
Why Is It Recommended to Save 15%?
Most retirement experts currently recommend saving 15% of annual income. “There is mathematical backing to what we suggest,” says Roger Young, senior financial planner at T. Rowe Price.Read more >
Majority Think Financial Security Is Unattainable
While 82% of Americans describe the American Dream as financial security for themselves and their family, 54% think it is unattainable, MassMutual learned in a survey. Paying down debt is a higher priority for survey respondents than saving.Read more >
Few Sponsors Very Confident in Workers’ Retirement Security
Only 16% of employers are very confident their employees will achieve a financially secure retirement, and just 18% of workers share the same view, according to a survey by the Transamerica Center for Retirement Studies. The survey finds many small employers do not offer employees a retirement plan, and few employers that offer retirement plans extend eligibility to part-time workers.Read more >
Market Mirror
Tuesday, the Dow closed 63.60 points (0.25%) higher at 25,822.29, the NASDAQ gained 38.17 points (0.49%) to finish at 7,859.17, and the S&P 500 was up 5.91 points (0.21%) at 2,862.96. The Russell 2000 climbed 19.35 points (1.14%) to 1,718.05, and the Wilshire 5000 increased 69.88 points (0.23%) to 29,877.11. The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.842%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 3.003%.
MOST READ ARTICLES
1
IRS Announces 2020 Contribution and Benefit Limits
2
The Odds Are Split for Senate SECURE Act Passage This Year
3
Pension Risk Transfer Appetite Is Unabated
4
Congressional Leaders Want SECURE Act Passage in 2019
5
Why Americans Need the SECURE Act
Compliance
Litigators Not the Only Ones Looking Into Retirement Plan Investments and Fees
The Department of Labor’s (DOL)’s Employee Benefit Security Administration’s (EBSA)’s Plan Investment Conflicts (PIC) project have reviewed conflicts of interest of fiduciary service providers and investment managers of plan asset vehicles that led to conflicted decision making processes, imprudent application of investment guidelines and the payment of excessive fees.Read more >
Investing
Institutional Investors Need to View ETFs Differently
“ETFs help institutions to hedge risk, manage their cash flow needs, gain quick exposures to illiquid market segments, and more. But in order for institutional use of ETFs to grow and mature, long-held structures for managing clients and trading products need to change,” concludes a report written by Greenwich Associates Managing Director Kevin McPartland, who is head of research for the firm’s Market Structure and Technology practice. Investors and broker/dealers should start treating exchange-traded funds (ETFs) as an asset class all their own, the report suggests.Read more >
Small Talk
For those entering college this year, human beings have always been living—not just traveling—in space. The United States has always had troops in Afghanistan. Same-sex marriage has always been legal somewhere, and the once revolutionary “You’ve got mail” announcement from AOL is almost forgotten, according to the 21st Annual Mindset List from Beloit College. A lot can change in just 18 years, but these same 18 years also make up the mindset—or “event horizon”—of today’s entering college students, Beloit College notes. Born in 2000, the first year of the new millennium, these students are members of the college class of 2022. Their new designation—iGen, GenZ, etc. — has not yet been agreed upon by them.Read more >

ON THIS DATE: In 1762, Ann Franklin became the editor of the Mercury of Newport in Rhode Island. She was the first female editor of an American newspaper. In 1775, the American colonies were proclaimed to be in a state of open rebellion by England’s King George III. In 1846, the U.S. annexed New Mexico. In 1902, in Hartford, Connecticut, President Theodore Roosevelt became the first president of the United States to ride in an automobile. In 1906, the Victor Talking Machine Company of Camden, New Jersey, began to manufacture the Victrola. The hand-cranked unit, with horn cabinet, sold for $200. In 1911, it was announced that Leonardo da Vinci’s “Mona Lisa” had been stolen from the Louvre Museum in Paris. The painting reappeared two years later in Italy. In 1932, the BBC (British Broadcasting Corporation) began its first TV broadcast in England. In 1950, Althea Gibson became the first black tennis player to be accepted into a national competition. In 1984, the last Volkswagen Rabbit rolled off the assembly line in New Stanton, Pennsylvania. In 1989, Nolan Ryan became the first major league pitcher to strike out 5000 batters. In 1996, President Bill Clinton signed legislation that ended guaranteed cash payments to the poor and demanded work from recipients.

 

 

WEDNESDAY WISDOM: “It’s easy to make a buck. It’s a lot tougher to make a difference.”—Tom Brokaw
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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