Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 12th, 2017
Benefits & Administration
More Than Half of Americans Want to Save More in 2018
“Financial resolutions are on the decline because many people are feeling better about their personal financial situation and are generally optimistic about what 2018 will bring,” says Ken Hevert, senior vice president of retirement at Fidelity. “Even if you don’t feel a burning need to create a financial resolution, you can still resolve to identify financial areas needing improvement and make some smart financial moves before December 31.” Among those who have set a financial resolution for 2018, 55% want to save more. Among all respondents, 43% plan to increase their retirement savings by 1% or more of their salary next year.Read more >
Firms Agree Pension Funded Status Increased in November
From a low of 0.4% to a high of 1.0%, firms that track defined benefit (DB) plan funding all agree that pension plan funded status increased in November.Read more >
Tax Reform Impact on Small Businesses May Be Alleviated via Roth
Responding to arguments from the American Retirement Association, Dave Evans, co-founder of 401ksleuth in Stamford, Connecticut, says the ARA is correct in the broad details of its argument; however, he shares some important caveats.Read more >
2022 Recordkeeping Survey
Defined Benefit Plans May Have New Life
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
Market Mirror

Yesterday, the Dow closed 56.87 points (0.23%) higher at 24,386.03, the NASDAQ increasesd 35.00 points (0.51%) to 6,875.08, and the S&P 500 increased 8.49 points (0.32%) to 2,659.99. The Russell 2000 decreased by 1.88 points (0.12%) to 1,519.84, and the Wilshire 5000 gained 77.63 points (0.28%) to finish at 27,594.30.


The price of the 10-year Treasury note was down 3/32, increasing its yield to 2.386%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 2.777%.
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Institutional Investors Turn to Alternative Investments to Diversify
Seventy percent of institutional investors invest in alternative investment classes, according to Allianz Global Investors’ annual Risk Monitor survey. Among this group, 31% say it is to diversify their portfolio. Other reasons they gave: to establish a low correlation with other strategies (19%), to seek higher returns than conventional debt or equity investments offer (17%) and to reduce portfolio volatility (17%). Sixty-two percent say they need better tools to manage the risks associated with these asset classes.Read more >
More DB Plans Using LDI Strategies
Cerulli Associates’ research shows the advent of more liability-driven investing (LDI) programs is “coincident with the broader movement toward more customized, objective-based multi-asset investment strategies for institutional investors instead of the traditional strategies that were de facto one-size-fits-all solutions.” Cerulli posits that LDI, when implemented effectively, can be “the ultimate custom solution.”Read more >
CIT’s Costs Attract Institutional Investors
New data from Cerulli Associates shows assets in collective investment trusts (CITs) grew to $2.8 trillion as of year-end 2016, representing strong year-over-year growth of approximately 11.6%. Its report states the primary reason an institutional investor seeks out a CIT is the fact that it can often gain more favorable pricing compared to using other vehicles.Read more >
Small Talk
ON THIS DATE: In 1787, Pennsylvania became the second state to ratify the U.S. Constitution. In 1791, the Bank of the United States, also known as the First Bank, opened for business in Philadelphia, Pennsylvania. In 1800, Washington, D.C., was established as the capital of the United States. In 1870, Joseph H. Rainey of South Carolina became the first black lawmaker to be sworn into the U.S. House of Representatives. In 1896, Guglielmo Marconi gave the first public demonstration of radio at Toynbee Hall, London. In 1900, Charles M. Schwab formed the United States Steel Corporation. In 1917, Father Edward Flanagan opened Boys Town in Nebraska. The farm village was for wayward boys. In 1979 it was opened to girls. In 1946, a United Nations committee voted to accept a six-block tract of Manhattan real estate to be the site of the UN’s headquarters. The land was offered as a gift by John D. Rockefeller Jr. In 1975, Sara Jane Moore pled guilty to a charge of trying to kill U.S. President Gerald Ford in San Francisco the previous September. In 1995, the U.S. Senate stopped a constitutional amendment giving Congress authority to outlaw flag burning and other forms of desecration against the American flag. In 1998, the House Judiciary Committee rejected censure, and approved the final article of impeachment against U.S. President Bill Clinton. The case was submitted to the full House for a verdict. In 2000, the U.S. Supreme Court found that the recount ordered by the Florida Supreme Court in the 2000 U.S. Presidential election was unconstitutional. In 2000, the Texas Rangers signed Alex Rodriguez to a record breaking 10-year, $252 million contract. The contract amount broke all major league baseball records and all professional sports records.
TRIVIAL PURSUITS: Which planet in the solar system has the highest mean temperature?Read more >
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Editorial: Alison Cooke Mintzer


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