Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 28th, 2016
Benefits & Administration
Retirement Savings Increases Stock and Bond Holdings
Research findings show strong growth in equity and bond assets over the decades—and how the distribution of these capital assets across income groups has shifted over time. Notably, for the bottom 90% of income earners, capital share has significantly increased over time, from around 10% during the 1970s to close to 20% today. Researchers pin this largely to the rise of pension funds and defined contribution plan investing.Read more >
Economic Events
The Conference Board Consumer Confidence Index, which had increased considerably in November, posted another gain in December. The Index now stands at 113.7 (1985=100), up from 109.4 in November. The Expectations Index increased sharply from 94.4 to 105.5, but the Present Situation Index decreased from 132.0 last month to 126.1.
2022 Recordkeeping Survey
IRS Updates Life Expectancy Tables for Retirees
TRIVIAL PURSUITS: How Many States Are in More Than One Time Zone?
TRIVIAL PURSUITS: Meaning and Origin of the Idiom “Watershed Moment?”
TRIVIAL PURSUITS: Which are the most northern, southern, eastern and western U.S. States?
Market Mirror

Tuesday, the Dow increased 11.23 points (0.06%) to 19,945.04, the NASDAQ gained 24.75 points (0.45%) to finish at 5,487.44, and the S&P 500 was up 5.09 points (0.22%) at 2,268.88. The Russell 2000 closed 15.04 points (1.10%) higher at 1,377.70, and the Wilshire 5000 climbed 61.44 points (0.26%) to 23,733.30.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with 3 advancing issues for every 2 declining issues on both exchanges.

The price of the 10-year Treasury note was down 5/32, increasing its yield to 2.558%. The price of the 30-year Treasury bond decreased 11/32, bringing its yield up to 3.136%.
Sponsored message from DST Systems
A Call to Action: Improving the Rollover Experience Post-DOL
Renewed opportunities to improve the outdated approach to IRA rollovers.Read more >
Retirement Assets Among Potential Targets for Tax Reform
One proposed avenue of tax reform would treat the Social Security and Railroad Retirement programs in the same way that defined benefit pensions are treated.Read more >
Money Purchase Plan Loan Questioned by EBSA
According to the Department of Labor’s Employee Benefit Security Administration (EBSA), the SeaBoard Management money purchase plan trustees breached their fiduciary duties by failing to take action to recover funds owed to the plan, which were loaned in violation of the Employee Retirement Income Security Act (ERISA).Read more >
The Best of PLANSPONSOR Magazine Columnist Stephen Saxon
A collection of Stephen Saxon, with Groom Law Group Chartered, and his colleagues’ invaluable takes on topics from 2016 that are important for all plan sponsors.Read more >
ESG Investing Momentum Grew in 2016
Following regulatory changes enacted late last year, 2016 saw an increased interest in investments chosen with environmental, social and governance (ESG) considerations.Read more >
Small Talk

ON THIS DATE: In 1732, “The Pennsylvania Gazette,” owned by Benjamin Franklin, ran an ad for the first issue of “Poor Richard’s Almanack.” In 1832, John C. Calhoun became the first vice president of the United States to resign, stepping down over differences with President Andrew Jackson. In 1846, Iowa became the 29th state to be admitted to the Union. In 1869, William E. Semple, of Mt. Vernon, Ohio, patented an acceptable chewing gum. In 1912, the first municipally-owned street cars were used on the streets of San Francisco. In 1945, the U.S. Congress officially recognized the “Pledge of Allegiance.” In 1981, Elizabeth Jordan Carr, the first American test-tube baby, was born in Norfolk, Virginia.


WEDNESDAY WISDOM: “He is richest who is content with the least, for content is the wealth of nature.”—Socrates, Greek philosopher
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more >

Editorial: Alison Cooke Mintzer


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