Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 30th, 2016
Benefits & Administration
The Illinois Teachers’ Retirement System (TRS) Board of Trustees reduced its long-range assumed rate of investment return to 7% from 7.5%, a move it says reflects changes in the world economy which have dampened investment results. Since 2008, 45 public pension plans have reduced their return assumptions, including the two largest public pension systems in the nation.Read more >
Bills, Low Income and Debt Hinder Retirement Savings
Americans are trying to save despite having many other competing financial interests, according to a survey by the Certified Financial Planner Board of Standards, Inc. However, the study finds those who started saving for retirement early and have consistently saved are more confident in their financial future.Read more >
MOST READ ARTICLES
Research
2021 Target-Date Fund Survey
Compliance
The DOL Has Begun Retirement Plan Cybersecurity Audits
Compliance
Rush of Litigation Against Retirement Plans Expected to Continue
Special Report
PLANSPONSOR National Conference Live Polling Results
A special report that outlines the answers to the live polling questions asked during the 2016 PLANSPONSOR National Conference provides significant insight into the views and opinions of the attendees.Read more >
Products, Deals and People
Vertical Management Systems (VMS) announced a new partnership with Mid Atlantic Trust Company, allowing VMS clients new access to Mid Atlantic’s supermarket of mutual funds, exchange-traded funds (ETFs), and tools such as ModelxChange.Read more >
Program Offers Integrated 401(k) and HSA Deferral Recommendations
Perspective Partners describes its NestUp Managed Deferrals program as the “first and only program that educates employees, offers them personalized 401(k) and HSA deferral recommendations, and implements their choices with just two clicks.”Read more >
Market Mirror

Yesterday, the Dow gained 107.59 points (0.58%) to finish at 18,502.99, the NASDAQ closed 13.41 points (0.26%) higher at 5,232.33, and the S&P 500 increased 11.34 points (0.52%) to 2,180.38. The Russell 2000 was up 8.17 points (0.66%) at 1,244.94, and the Wilshire 5000 climbed 118.87 points (0.53%) to 22,657.02.

On the NYSE, 3.1 billion shares traded, with a more than 2 to 1 lead for advancers. On the NASDAQ, 2.9 billion shares changed hands, with 1.7 advancing issues for every declining issue.

The price of the 10-year Treasury note increased 21/32, bringing its yield down to 1.563%. The price of the 30-year Treasury bond climbed 1 22/32, decreasing its yield to 2.212%.
Compliance
Safeway Faces Lawsuit Over TDF Fees
A participant in Safeway Inc.’s 401(k) plan is suing the plan sponsor, its benefits committee and its recordkeeper for breaching their fiduciary duties and/or engaging in transactions prohibited by the Employee Retirement Income Security Act (ERISA) in connection with target-date funds (TDFs) managed by JP Morgan Asset Management and offered as investment options in the plan.Read more >
Investing
Plan Sponsor Demand Dramatically Shapes Fund Fees
Institutional asset owners are increasingly skeptical of revenue sharing and are relentlessly pursuing lower fees within defined contribution plan investment menus, according to Strategic Insight, an Asset International company.Read more >
Small Talk
ON THIS DATE: In 1645, American Indians and the Dutch made a peace treaty at New Amsterdam, later known as New York. In 1682, William Penn sailed from England and later established the colony of Pennsylvania in America. In 1862, the Confederates defeated Union forces at the second Battle of Bull Run in Manassas, Virginia. In 1945, General Douglas MacArthur set up Allied occupation headquarters in Japan. In 1967, Thurgood Marshall was confirmed by the U.S. Senate as a Supreme Court justice. Marshall was the first black justice to sit on the Supreme Court. In 1984, U.S. President Ronald Reagan, and several other people, were inducted into the Sportscasters Hall of Fame. In 1993, on CBS-TV “The Late Show with David Letterman” premiered. In 1994, the largest U.S. defense contractor was created when the Lockheed and Martin Marietta corporations agreed to a merger. In 2002, Conoco Inc. and Phillips Petroleum merged to create ConocoPhillips. The new company was the third largest integrated energy company and the second largest refining company in the U.S.
TRIVIAL PURSUITS: What is the official motto of the U.S. Postal Service?Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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