Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 21st, 2015
From the Magazine
Insights: The Downside
Alison Cooke Mintzer, editor-in-chief of PLANSPONSOR, discusses an opinion piece on a business news site in which the author said the best thing participants can do regarding their retirement plans is to ensure the plan doesn’t offer actively managed funds, but instead has a full lineup of index, passive funds. To accomplish this, the author encouraged participants to find like-minded people within their plans who also believed this was in their best interest. Together they could lobby the company’s retirement plan committee or administrator to compare the plan with peer’s and request two things: a plan audit and a lineup of passive funds.Read more >
Products, Deals and People
Retirement Industry People Moves
Lathrop & Gage adds an ESOP pro, BTIG expands its transition management unit.Read more >
Delta Pilots Emergency Savings Program
SECURE 2.0 Accidentally Dropped Catch-Ups, But Industry is On the Case
New DOL Rule on ESG Investing in Retirement Plans Draws Republican-Led Legal Challenge
Manning & Napier, a provider of retirement plan investment services, is expanding its target-date fund capabilities through the pending purchase of active investment manager Rainer Investment Management. According to the firms, the deal will allow Manning & Napier to deliver new market capitalization-based equity strategies, especially within target-date funds.Read more >
DCIIA Releases Guide on Retirement Income Solutions
As the Defined Contribution Institutional Investment Association (DCIIA) writes in a new paper, “Retirement Income Solutions: A Guide for Plan Sponsors,” helping participants improve their financial security in retirement should be a primary goal of defined contribution (DC) plans. “Retirement income strategies can be a key part of achieving this goal,” DCIIA says.Read more >
Sponsored message from MetLife
2015 Stable Value Study
The 2015 Stable Value Study is commissioned to gain insight into the market for this capital preservation option in DC plans.Read more >
Economic Events
THE ECONOMIC WEEK AHEAD: Tomorrow, the National Association of Realtors will issue its report of existing home sales for November. Wednesday, the Census Bureau will report about durable goods orders and new home sales for November. Thursday, the Department of Labor will issue its initial claims report.
Market Mirror

Friday, the Dow fell 367.29 points (2.10%) to 17,128.55, the NASDAQ decreased 79.47 points (1.59%) to 4,923.08, and the S&P 500 closed 36.34 points (1.78%) lower at 2,005.55. The Russell 2000 was down 14.34 points (1.26%) at 1,121.05, and the Wilshire 5000 lost 356.82 points (1.70%) to finish at 20,592.94.

On the NYSE, 3.1 billion shares traded, with a near 2 to 1 lead for decliners. On the NASDAQ, 2.8 billion shares changed hands, with 1.6 declining issues for every advancing issue.

The yield on the 10-year Treasury note was 2.210%. The yield on the 30-year Treasury bond was 2.922%.
Reps Try Again to Influence Fiduciary Rule Process
Republican and Democratic lawmakers introduced a pair of legislative proposals that, supporters suggest, would “ensure retirement advisers serve their clients’ best interests and preserve access to quality financial planning,” in part by delaying the DOL’s fiduciary reform effort.Read more >
Health Plan Sponsor to Repay Kept Premiums
A business owner and health plan fiduciary has agreed to repay $8,892 in health insurance premiums employees paid toward their health care plan before the company went out of business. According to the Department of Labor (DOL), before going out of business, Syncor LLC, doing business as Specprint Group Health Plan, began to have financial troubles and failed to timely pay its insurance premiums, resulting in the termination of the group health plan for employees.Read more >
Joining the annual chorus of year-end market reporting, Goldman Sachs Asset Management (GSAM) has published a cautiously optimistic guide to global markets trends taking shape for 2016. From a global perspective, GSAM expects the long expansion to keep getting longer, suggesting the world’s major economies will likely grind out another year of modest returns. Zooming in on the U.S. markets, the firm thinks the economy is “strong enough to warrant a gradual increase in interest rates in 2016,” but the combination of tighter financial conditions and weak global demand will probably keep growth in the low 2% area.Read more >
Small Talk
ON THIS DATE: In 1620, the “Mayflower”, and its passengers, pilgrims from England, landed at Plymouth Rock, Massachusetts. In 1898, scientists Pierre and Marie Curie discovered the radioactive element radium. In 1913, Arthur Wynne published a new “word-cross” puzzle in the “New York World” in England. The name was later changed to “crossword.” In 1937, Walt Disney debuted the first, full-length, animated feature in Hollywood, California: “Snow White and the Seven Dwarfs.” In 1945, U.S. Gen. George S. Patton died in Heidelberg, Germany, of injuries from a car accident. In 1951, Joe DiMaggio announced his retirement from major league baseball. In 1978, police in Des Plaines, Illinois, arrested John W. Gacy Jr. and began unearthing the remains of 33 men and boys that Gacy was later convicted of killing. In 1998, the first vaccine for Lyme disease was approved.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “What is your favorite holiday movie? Asked if their favorite changed from out last holiday movie survey in 2013, 5.1% of readers said their favorite did change; 41.9% said it did not, and the rest did not participate in the 2013 survey. I also asked readers how many time they have viewed their favorite holiday movie. More than half (50.7%) said “too many times to count,” while 12.1% have viewed their favorite one to five times, 20% six to 10 times, and 17.1% 11 to 20 times. As for their favorite holiday movie, a few respondents suggested movies that were not on the provided list. “An American Christmas Carol,” “Bad Santa,” “Frosty the Snowman,” “Prancer,” “Scrooged,” and “The Little Drummer Boy” received no votes. Fifth place was “A Christmas Story” (7.8%); “A Charlie Brown Christmas” (8.5%) came in fourth; “Miracle on 34th Street” (9.9%) was third; and “Christmas Vacation” (11.3%) took second spot. Among comments left by readers, Editor’s Choice went to a very sweet message from a long-time friend.Read more >
Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


Subscribe to NEWSDash, click here .

To unsubscribe, click here.

BrightScope / CIO / FWW / Investor Economics / LiquidMetrix / Market Metrics / Matrix Solutions / PLANADVISER / Plan For Life / PLANSPONSOR / Simfund