Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 1st, 2016
Benefits & Administration
Advisers’ Responsibilities to Plan Sponsors Extend Beyond Investments
With increased litigation, a new fiduciary rule and a new presidential administration, retirement plan sponsors should evaluate the services provided by their advisers.Read more >
Automatic Retirement Plan Features Give Millennials an Early Start
As automatic features become more prevalent, a majority of Millennials entering the workforce are enrolled in their employer’s plan and begin saving earlier in their career. If they continue to proactively manage their savings strategy, this generation could be in a much better position to fund a comfortable retirement by the time they reach retirement age than those at retirement age today, Ascensus says.Read more >
MOST READ ARTICLES
1
2021 Recordkeeping Survey
2
DOL Clears Up Timing for Lifetime Income Illustrations
3
Addressing Forgotten Accounts Can Improve Retirement Savings Outcomes
4
2020 Recordkeeping Survey
5
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Employees Express Concern About Adequacy of Health Benefits
More than three-quarters (77%) of employees are concerned about overall financial risk with employers cutting back on health care coverage. Sixty-two percent agree that employer-provided health plans are rarely enough to cover unexpected costs, and additional coverage is needed, a survey finds.Read more >
Market Mirror

Wednesday, the Dow increased by 1.98 (0.01%) to 19,123.58, the NASDAQ lost 56.24 points (1.05%) to finish at 5,323.68, and the S&P 500 was down 5.85 points (0.27%) at 2,198.81. The Russell 2000 decreased 5.88 points (0.44%) to 1,322.33, and the Wilshire 5000 closed 55.92 points (0.24%) lower at 22,991.07.

On the NYSE, 3.1 billion shares changed hands, with 3 declining issues for every 2 advancing issues. On the NASDAQ, 2.9 billion shares traded, with a 1.8 to 1 ratio of decliners to advancers.

The yield on the 10-year Treasury note was 2.387%. The yield on the 30-year Treasury bond was 3.039%.
From the Magazine
Insights: Not the Same … Not Even Close
Recently there was an article in The New York Times titled “Think Your Retirement Plan Is Bad? Talk to a Teacher.” The article was a reminder that the 403(b) plan marketplace has many mini-segments, and some of those were changed significantly by the Internal Revenue Service (IRS) regulations released in 2009. However, in the rush to label 403(b) plans as the “cousins” of the 401(k) or link them into broader defined contribution plan coverage, this group of plans received a label it does not merit.Read more >
Investing
Shifts in Asset Allocation Anticipated for Institutional Investors
Fidelity finds the top concerns for institutional investors are the low-return environment and market volatility.Read more >
Small Talk
ON THIS DATE: In 1835, Hans Christian Andersen published his first book of fairy tales. In 1909, the Pennsylvania Trust Company, of Carlisle, Pennsylvania, became the first bank in the in the U.S. to offer a Christmas Club account. In 1913, Ford Motor Co. began using a new movable assembly line that ushered in the era of mass production. In 1913, the first drive-in automobile service station opened, in Pittsburgh, Pennsylvania. In 1955, Rosa Parks, a black seamstress in Montgomery, Alabama, refused to give up her seat to a white man. Mrs. Parks was arrested, marking a milestone in the civil rights movement in the U.S. In 1959, 12 countries, including the U.S. and USSR, signed a treaty that set aside Antarctica as a scientific preserve, which would be free from military activity. In 1965, an airlift of refugees from Cuba to the United States began. In 1989, East Germany’s Parliament abolished the Communist Party’s constitutional guarantee of supremacy. In 1990, Iraq accepted a U.S. offer to talk about resolving the Persian Gulf crisis. In 1994, the U.S. Senate gave final congressional approval to the 124-nation General Agreement on Tariffs and Trade. In 1998, Exxon announced that it was buying Mobil for $73.7 billion creating the largest company in the world to date.
SURVEY SAYS: Our team has been scrambling to put in the last of our PTO days for this year. This week, I’d like to know, will you be giving up some PTO or vacation days this year, and does your company allow you to carry any time into the next year? You may respond to this week’s survey by 6 p.m. Pacific time today.Read more >
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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