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PLANSPONSOR NEWSDASH LOGO December 16th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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Investment-Driven
Investment-Driven
To have a well-performing lineup, sponsors should know how to choose or change the funds.
Deals and People
Retirement Industry People Moves
Pacific Life promotes sales VP to division leader; DCREC appoints 2020 officers and committee co-chairs; Retirement planning education provider connects with PlanMember Securities Corp; and more.
Most Read
Compliance
IRS Announces 2020 Contribution and Benefit Limits
Administration
Components of Annuity Pricing
Compliance
Actions to Comply With SECURE Act Should Already Be Underway
SPONSORED BY: Optum Bank
Is financially preparing for a chronic condition possible?
To understand consumers’ needs and concerns about health saving and spending related to managing chronic care conditions, Optum Bank® conducted qualitative research with patients and caregivers who are currently dealing with a range of chronic conditions.
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for October, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,456.0 billion, down 0.1% from September and down 0.1% from October 2018, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $528.0 billion, an increase of 0.2% from the previous month, and 3.3% above November 2018. Total sales for the September through November period were up 3.5% from the same period a year ago. Retail trade sales were up 0.3% from October, and 3.1% above last year. Nonstore retailers were up 11.5% from November 2018, and food services and drinking places were up 5.1% from last year.

THE ECONOMIC WEEK AHEAD: Tomorrow, the Census Bureau will report about housing starts in November. Thursday, the Labor Department will issue its initial claims report, and the National Association of Realtors will report about existing home sales in November.
Market Mirror
Friday, the Dow inched upward by 3.33 points (0.01%) to reach 28,135.38, the NASDAQ was up by 17.56 points (0.20%) for an 8,734.88 close, and the S&P 500 ticked upwards by 0.23 points (0.01%) to 3,168.80. The Russell 2000 was down 6.84 points (0.42%) at 1,637.98, and the Wilshire 5000 decreased 17.71 points (0.05%) to 32,241.16.

The yield for the 10-year Treasury note was 1.827%, and the yield for the 30-year Treasury bond was 2.255%.

WEEK’S WORTH: For the week ending December 13, the Dow increased 0.43%, the NASDAQ climbed 0.91%, and the S&P 500 gained 0.73%. The Russell 2000 was up 0.25%, and the Wilshire 5000 finished 0.63% higher.
Compliance
IRS Publishes 2021 Mortality Improvement Rates for DB Plans
The updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for valuation dates occurring during the 2021 calendar year.
Investing
Sustaintable Portfolios Hold Their Own
S&P studied companies demonstrating three levels of carbon sensitivity and found that all three held up in terms of stock performance; furthermore, S&P says these companies are well managed.
401(k) Investors Barely Touched Their Portfolios in November
Not only was it the lightest trading month so far this year, but there were no days of above-normal trading activity, according to the Alight Solutions 401(k) Index.
SPONSORED BY: MetLife
Enhancing Fixed Income Returns With Diversified Credit Opportunities
“Rather than trying to predict and time interest rate levels, we think investors do better over the long-term through careful security selection in spread sectors.”
Small Talk
ON THIS DATE: In 1773, nearly 350 chests of tea were dumped into Boston Harbor off of British ships by Colonial patriots. The patriots were disguised as Indians. The act was to protest taxation without representation and the monopoly the government granted to the East India Company. In 1901, “The Tale of Peter Rabbit,” by Beatrix Potter, was printed for the first time. In 1905, Sime Silverman published the first issue of “Variety”. In 1950, President Harry Truman proclaimed a national state of emergency in order to fight “Communist imperialism.” In 1972, the Miami Dolphins became the first NFL team to go unbeaten and untied in a 14-game regular season. The Dolphins went on to defeat the Washington Redskins in Super Bowl VII. In 1981, Congress restored the $122 minimum monthly Social Security benefit for current recipients. In 1998, Eric Michelman filed the earliest patent for a scroll wheel for a computer mouse. In 1999, Sigourney Weaver received a star on the Hollywood Walk of Fame. In 2000, President-elect George W. Bush selected Colin Powell to be the first African-American secretary of state. In 2009, astronomers discovered GJ1214b. It was the first-known exoplanet on which water could exist.
SURVEY SAYS: Last week, I asked NewsDash readers, “What are the hot, non-work-related, topics dominating conversations in your workplace?” Top topics, according to responding readers, are professional or college sports (6.5%) and the upcoming holidays (47.8%). These are followed by travel experiences (30.4%), health care costs (26.1%) and children’s sports activities (21.7%). In comments left by some readers, one noted that retirement is a “safe” topic to talk about; many expressed that politics should be avoided. Editor’s Choice goes to the reader who said: “Sometimes the gift of gab will get you in trouble…and sometimes it is just a much needed brain break in the middle of a hectic day/week!” A big thank you to all who participated in the survey!
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