Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 26th, 2019

Plan Sponsor Due Diligence During Recordkeeper Acquisition

Whether or not it’s by issuing an RFP, sources agree that plan sponsors whose recordkeeper is being acquired or merged with another should do some investigating into the changes that may occur.Read more >
Benefits & Administration
Newly Sanctioned Auto Portability Solution Could Boost Retirement Savings by Trillions
EBRI projects the present value of additional accumulations over 40 years resulting from all terminated participant balances being automatically moved to their new DC plan is nearly $2 trillion.Read more >
Debt, Homeownership Driving Participants to Withdraw Retirement Funds
Data about retirement plan participant loans and hardship withdrawals supports the need for better financial wellness programs, especially for Millennials and Gen Xers.Read more >
New Financial Audit Rule Increases Requirements for Plan Sponsors
Data and Research
Participants Missing the Full Match Remains a Big Problem
2021 Recordkeeping Survey
Sponsored message from MassMutual
Checklist for Financial WellnessRead more >
2019 PLANSPONSOR Defined Contribution Survey
2019 PLANSPONSOR Defined Contribution Survey Open
Sponsors of defined contribution (DC) plans are invited to respond to our annual DC Survey. The survey is our largest and most important research project of the year, but we need your help for it to be a success. Please consider responding by the September 27 deadline.Read more >
Economic Events

Sales of new single‐family houses in July were at a seasonally adjusted annual rate of 635,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.8% below the revised June rate of 728,000, but is 4.3% above the July 2018 estimate of 609,000.


THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about durable goods orders for July. Tomorrow, the Conference Board will release its Consumer Confidence Index for August. Thursday, the Labor Department will issue its initial claims report.
Market Mirror

Friday, the Dow lost 623.34 points (2.37%) to finish at 25,628.90, the NASDAQ closed 239.62 points (3.00%) lower at 7,751.77, and the S&P 500 decreased 75.84 points (2.59%) to 2,847.11. The Russell 2000 was down 46.52 points (3.09%) at 1,459.48, and the Wilshire 5000 fell 782.58 points (2.61%) to 29,154.25.


The price of the 10-year Treasury note increased 8/32, bringing its yield down to 1.531%. The price of the 30-year Treasury bond climbed 1 31/32, decreasing its yield to 2.022%.


WEEK’S WORTH: For the week ending August 23, the Dow was down 0.99%, the NASDAQ lost 1.83%, and the S&P 500 decreased 1.44%. The Russell 2000 fell 2.29%, and the Wilshire 5000 finished 1.50% lower.
From the Magazine
Greater Longevity Will Require Plan Design Changes
As developed countries around the world, including the U.S., see the average age of their population increase, employers must prepare for an imbalanced workforce.Read more >
Products, Deals and People
Retirement Industry People Moves
Morgan Stanley makes changes to Wealth Management division; Mercer hires Wealth leader for Philadelphia office; and Nationwide selects retirement plan distribution leader.Read more >
Small Talk
ON THIS DATE: In 1842, the first fiscal year was established by Congress to start on July 1. In 1873, the school board of St. Louis, Missouri, authorized the first U.S. public kindergarten. In 1920, the 19th amendment to the U.S. Constitution went into effect. The amendment prohibited discrimination on the basis of gender in the voting booth. In 1945, the Japanese were given surrender instructions on the U.S. battleship Missouri at the end of World War II. In 1957, the first Edsel made by the Ford Motor Company rolled off the assembly line. In 1961, the International Hockey Hall of Fame in Toronto opened. In 1973, a U.S. Presidential Proclamation was declared that made August 26th Women’s Equality Day.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Besides turning on your computer, what is the first thing you do when you get to work?” More than one-third (36.6%) check emails, while one-quarter (25.3%) grab coffee and/or breakfast. Some of those who chose to leave comments about starting the work day expanded on what they do second or even third, and others explained why they do what they do first. One reader offered a hierarchy rule for reading emails. A few described what they do first, rather than including it in the “other” option for the question. I can certainly relate to the comments left by those who telecommute. Editor’s Choice goes to the reader who said: “I like to ease into my day, not start at a sprint.” Thank you to all who participated in the survey!Read more >
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Editorial: Alison Cooke Mintzer


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