Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 7th, 2018
Benefits & Administration
Educational Resources Can Increase Employees’ Retirement Confidence
A study, “The State of America’s Workforce: The Reality of Retirement Readiness,” surveyed over 2,000 full-time U.S. workers ages 40 to 70 years old, and found that at a glance, about one-fifth of American workers lack the ability to retire. On average, 49.1% of white collar workers indicated “somewhat ready” for retirement while 44.7% of blue- and gray-collar workers are “not very ready.” The Indexed Annuity Leadership Council suggests plan sponsors increase education.Read more >
Inadequate Income, Health Expenses Top Reasons for Retiree Bankruptcies
Using data from the Consumer Bankruptcy Project (CBP), researchers find more than a two-fold increase in the rate at which older Americans (age 65 and older) file for bankruptcy and an almost five-fold increase in the percentage of older persons in the U.S. bankruptcy system. One in seven bankruptcy filers is of retirement age. Within the oldest cohort, those age 75 and older, there has been a near ten-fold increase since 1991. The researchers’ analysis suggests that financial struggles, namely a decline in income, was a leading reason for older Americans’ bankruptcies.Read more >
Industry Voices Rewind
What Do You Know About Revenue Sharing?
Almost all retirement plans participate in some form of revenue sharing. Without a good understanding of the revenue sharing taking place in your plan, you cannot possibly be fulfilling all of your fiduciary obligations.Read more >
EARN Act Clears Senate Finance Committee
2021 Recordkeeping Survey
Plaintiffs Rebuffed by Appeals Court in Active Management Lawsuit
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Market Mirror

Yesterday, the Dow was up 39.60 points (0.16%) at 25,502.18, the NASDAQ gained 47.66 points (0.61%) to finish at 7,859.68, and the S&P 500 increased 10.05 points (0.35%) to 2,850.40. The Russell 2000 climbed 10.94 points (0.65%) to 1,684.31, and the Wilshire 5000 closed 135.02 points (0.46%) higher at 29,689.15.


The price of the 10-year Treasury note was up 2/32, decreasing its yield to 2.944%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 3.091%.
Sponsored message from MetLife
Is Your Plan Offering the Right Capital Preservation Option?
MetLife’s Tom Schuster and Warren Howe discuss the advantages of Stable Value and why it makes sense in today’s investment climate.Read more >
Pace of EBSA Settlements and Plan Corrections Is Strong
“On the retirement side, again, there is a strong focus on missing participants, and [the Employee Benefit Security Administration] is diving incredibly deep,” says David Levine, principal with Groom Law Group.Read more >
From the Magazine
Narrowing It Down
Conducting a request for proposals (RFP) is now standard operating procedure in a recordkeeper search. But could the industry have oversold the value of this procedure? At least one adviser principal believes so. “I don’t think they’re accomplishing what we initially thought we would accomplish with them,” says Chad J. Larsen, president and CEO of advisory firm MRP in Denver. Larsen is not saying sponsors should eliminate RFPs from their recordkeeper searches, but that they have become too lengthy, too generic to really help the sponsor make a good decision.Read more >
Small Talk
ON THIS DATE: In 1789, the U.S. War Department was established by Congress. In 1782, George Washington created the Order of the Purple Heart. In 1888, Theophilus Van Kannel received a patent for the revolving door. In 1942, U.S. forces landed at Guadalcanal, marking the start of the first major allied offensive in the Pacific during World War II. In 1959, the U.S. launched Explorer 6, which sent back a picture of the Earth. In 1964, Congress passed the Gulf of Tonkin resolution, which gave President Lyndon Johnson broad powers in dealing with reported North Vietnamese attacks on U.S. forces. In 1974, French stuntman Philippe Petit walked a tightrope strung between the twin towers of New York’s World Trade Center. In 1976, scientists in Pasadena, California, announced that the Viking 1 spacecraft had found strong indications of possible life on Mars. In 1990, President George H.W. Bush ordered U.S. troops and warplanes to Saudi Arabia to guard against a possible invasion by Iraq. In 2003, in California, Arnold Schwarzenegger announced that he would run for the office of governor.
TRIVIAL PURSUITS: Why are shamrocks associated with St. Patrick’s Day?Read more >
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Editorial: Alison Cooke Mintzer


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