Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 21st, 2016
Benefits & Administration
Family Should Be Included in Retirement Planning
For many Americans, needing help with the management of finances at some point during retirement is not a matter of if, but when, according to Fidelity Investments. Read more >
Plan Designs Change, But DC Commitment Remains Strong
A new report from BrightScope and the Investment Company Institute (ICI) finds the great majority of employers that sponsor 401(k) plans—more than three-quarters—contribute to their plans to promote employee financial wellness. Read more >
MOST READ ARTICLES
1
House Committee Advances Bill to Establish Union Pension Lifeline Program
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The Senate Math That Could Block SECURE Act
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Adidas Sued Over Excessive Fees for 401(k) Participants
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Open MEPs Not for Every Plan Sponsor
5
(b)lines Ask the Experts – Proper Delivery Method for SPDs
DC Participant Experience Will Change Regardless of DOL Rule
The market forces driving change in the retirement industry started before the Department of Labor (DOL) issued its final fiduciary rule and will continue, regardless of the effect of the rule by the new presidential administration, according to Broadridge research. Read more >
Retirement Plan Communications and Planning Going Digital
The world is undergoing a digital transformation, and everything is going digital now, including personal financial management and commerce, says TIAA’s Chief Digital Officer and CIO, Scott Blandford, who is based in Iselin, New Jersey. And, the same is true for employer-sponsored retirement plan data and communications. The digital transformation has moved more slowly with plan providers, but it is inevitable that it will be required, Blandford tells PLANSPONSOR. And, participants may need prompting to use these tools. Read more >
Sponsored message from SSGA
Investment Quarterly: The New Active
The combination of big data and artificial intelligence is transforming how active managers identify new factor signals to build better alpha models. Read more >
Market Mirror

Tuesday, the Dow gained 91.56 points (0.46%) to finish at 19,974.62, the NASDAQ closed 26.50 points (0.49%) higher at 5,483.94, and the S&P 500 was up 8.23 points (0.36%) at 2,270.76. The Russell 2000 increased 12.27 points (0.89%) to 1,383.95, and the Wilshire 5000 climbed 156.01 points (0.66%) to 23,756.34.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with a 1.8 to 1 ratio of advancing issues to declining issues on both exchanges.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.562%. The price of the 30-year Treasury bond decreased 10/32, bringing its yield up to 3.141%.

Compliance
A Review of How the Fiduciary Rule Could Affect Plan Sponsors
The fiduciary rule has shaken up the advisory space, but plan sponsors also need to know what’s in the rule and make plans for how it could affect them. Read more >
Ask the Experts
Discovering an Excess Deferral in the Year of the Excess
“I just discovered that our CEO exceeded the Internal Revenue Service (IRS) 402(g) elective deferral limit to our 403(b) plan by a few hundred dollars. The deferrals have already been deposited into her account with the recordkeeper. Since 2016 has not ended as yet, can I simply request the money back from the recordkeeper and arrange for our payroll department to fix her W-2 so that the proper deferral amount is shown?” Read more >
Small Talk
Twenty-two percent of workers say they plan to buy holiday gifts for co-workers, and 21% plan to buy a gift for the boss, similar to last year, according to a survey from CareerBuilder. Employees surveyed shared the most unusual gifts received by co-workers. Read more >

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—”Snow White and the Seven Dwarfs.” In 1945, U.S. General 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 1968, Apollo 8 was launched on a mission to orbit the moon. In 1991, 11 of the 12 former Soviet republics proclaimed the birth of the Commonwealth of Independent States. In 1998, the first vaccine for Lyme disease was approved.

 

WEDNESDAY WISDOM: “I love deadlines. I like the whooshing sound they make as they fly by.”—Douglas Adams, writer and humorist

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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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