Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 19th, 2017
Benefits & Administration
Mercer Suggests Top Priorities for DC Plan Sponsors in 2018
Mercer has identified what it says are priority areas of focus for defined contribution (DC) plan sponsors as they manage their plans and seek to enable participant success in a white paper titled “Top Priorities for DC Plan Sponsors for 2018.” “Plan sponsors that prioritize their goals and objectives strategically have the opportunity to both enhance participant outcomes and mitigate risks.” says Sarah Fitzmaurice, DC & Financial Wellness leader, Mercer. Read more >
Compliance
Delta Air Lines Excessive Fee ERISA Lawsuit Dismissed
Drawing on a number of recent decisions, the district court ruled the plaintiffs did not adequately describe how the offering of a fund in which they did not invest caused a non-speculative injury. Read more >
IRS Issues Mortality Tables to Be Used for DB Plans in 2019
The updated mortality improvement rates and static tables apply for purposes of calculating the funding target and other items for valuation dates occurring during calendar year 2019. Read more >
Retirement Industry Enthusiasm for New Approaches in 2018
Two retirement industry thought leaders reflect on the year that was; both agree there is a tremendous opportunity to drive positive change in 2018. Might a “new” Pension Protection Act be on the horizon? Read more >
MOST READ ARTICLES
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Study Proposes a “Simple” Strategy for Retirement Income
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Millennials May Have Wrong Expectations About Retirement
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A Retirement Draw Down Strategy Starts With Education
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IRS Announces 2018 Contribution/Benefits Limits
5
Vanderbilt University 403(b) Plan Suit Continues to Next Stage
Market Mirror

Yesterday, the Dow closed 140.46 points (0.57%) higher at 24,792.20, the NASDAQ gained 58.18 points (0.84%) to finish at 6,994.76, and the S&P 500 increased 14.35 points (0.54%) to 2,690.16. The Russell 2000 climbed 18.50 points (1.21%) to 1,548.92, and the Wilshire 5000 was up 137.50 points (0.50%) at 27,871.81.

 

The price of the 10-year Treasury note decreased 11/32, bringing its yield up to 2.394%. The price of the 30-year Treasury bond fell 1 0/32, increasing its yield to 2.738%.

Sponsored message from Natixis
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Investing
DC Participant Trading Light in November
Trading among defined contribution (DC) plan investors was light in November, according to the Alight Solutions 401(k) Index. Twelve out of 21 trading days favored fixed income funds. Asset classes with the most trading outflows were company stock funds, stable value funds and small U.S. equity funds. Read more >
Small Talk

ON THIS DATE: In 1732, Benjamin Franklin began publishing “Poor Richard’s Almanac.” In 1777, General George Washington led his army of about 11,000 men to Valley Forge, Pennsylvania, to camp for the winter. In 1842, Hawaii’s independence was recognized by the U.S. In 1843, Charles Dickens’ “A Christmas Carol” was first published in England. In 1903, the Williamsburg Bridge opened in New York City. It opened as the largest suspension bridge on Earth and remained the largest until 1924. It was also the first major suspension bridge to use steel towers to support the main cable. In 1918, Robert Ripley began his “Believe It or Not” column in “The New York Globe.” In 1959, Penn State’s Nittany Lions beat Alabama, 7-0, in the first Liberty Bowl football game. In 1959, Walter Williams died in Houston, Texas, at the age of 117. He was said to be the last surviving veteran of the U.S. Civil War. In 1972, Apollo 17 splashed down in the Pacific, ending the Apollo program of manned lunar landings. In 1985, Jan Stenerud announced his retirement from the NFL. The football kicker held the record for the most career field goals, with 373. In 1985, ABC Sports announced that it was severing ties with Howard Cosell and released him from all TV commitments. Cosell continued on ABC Radio for another five years. In 1989, U.S. troops invaded Panama to overthrow the regime of General Noriega. In 1990, Bo Jackson (Los Angeles Raiders) became the first athlete to be chosen for All Star Games in two sports. In 1998, U.S. President Bill Clinton was impeached on two charges of perjury and obstruction of justice by the U.S. House of Representatives. In 2000, the U.N. Security Council voted to impose sanctions on Afghanistan’s Taliban rulers unless they closed all terrorist training camps and surrender U.S. embassy bombing suspect Osama bin Laden. In 2008, U.S. President George W. Bush signed a $17.4 billion rescue package of loans for ailing auto makers General Motors and Chrysler.

TRIVIAL PURSUITS: Who created the breakfast dish called “eggs Benedict?” Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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