Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 29th, 2016
Benefits & Administration
What DB Plan Sponsors Need to Know
Defined benefit (DB) plan sponsors can leverage an array of tools to evaluate their plan and make decisions on overall financial strategies. Technology can enable sponsors to assess their governance; monitor and project the plan’s status to manage costs and risks; quantify the impact of diversification; and they can explore various investment manager opportunities.Read more >
Great Recession Effect on Near-Retirees Modest
There were fewer near-retirees that lost their jobs than anticipated, and among those that did, there were offsets to wealth reduction, a study suggests.Read more >
Managing Investment Fees Among Plan Sponsors' Top Concerns
The annual PLANSPONSOR/Janus Capital Group defined contribution (DC) investment study saw a focus on managing fees for the 2016 year, marking a shift from the focus on fiduciary risks and duties that dominated plan sponsors’ worries in the past.Read more >
Data and Research
Health Care in Retirement Will Cost an Average of $315,000
Delivering Robust Retirement Communication and Education on a Budget
Data and Research
Public-Sector Workers Delay DC Plan Decumulation
Market Mirror

Wednesday, the Dow lost 111.36 points (0.56%) to close at 19,833.68, the NASDAQ closed 48.89 points (0.89%) lower at 5,438.56, and the S&P 500 decreased 18.96 points (0.84%) to 2,249.92. The Russell 2000 was down 16.88 points (1.23%) at 1,360.82, and the Wilshire 5000 fell 207.65 points (0.88%) to 23,525.65.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with declining issues outnumbering advancing issues nearly 3 to 1 on both exchanges.

The price of the 10-year Treasury note increased 13/32, bringing its yield down to 2.515%. The price of the 30-year Treasury bond climbed 26/32, decreasing its yield to 3.096%.
Sponsored message from Vanguard
Constructing a DC investment lineup: Four best practices
Target-date funds are changing the dynamics of participant decision-making. Vanguard has best practices for constructing a lineup: identifying plan objectives, focusing on investing basics, creating a lineup from plan objectives, and ensuring oversight.Read more >
First Multiemployer Plan Gets Approval for Benefit Cuts
The Iron Workers Local 17 Pension Fund is the first multiemployer pension plan to receive approval from the U.S. Department of the Treasury to cut benefits for participants as part of a proposed rescue plan under the Multiemployer Pension Reform Act (MPRA). According to data from the Pension Rights Center, four applications so far have been denied.Read more >
Smart Beta Explains Institutional Asset Manager Outperformance
Using a dataset of $17 trillion of assets under management, researchers document that actively managed institutional accounts outperformed strategy benchmarks by 86 (42) basis points gross (net) during 2000 to 2012. In return, asset managers collected $162 billion in fees per year for managing 29% of worldwide capital. Estimates from a Sharpe model imply that their outperformance comes from greater nuance in factor exposures (smart beta). But, was the $162 billion worth outsourcing?Read more >
Small Talk

ON THIS DATE: In 1813, the British burned Buffalo, New York, during the War of 1812. In 1845, U.S. President James Polk signed legislation making Texas the 28th state of the United States. In 1848, U.S. President James Polk turned on the first gas light at the White House. In 1851, the first American Young Men’s Christian Association (YMCA) was organized, in Boston. In 1934, the first regular-season, college basketball game was played at Madison Square Garden in New York City. New York University defeated Notre Dame 25 to 18. In 1949, KC2XAK of Bridgeport, Connecticut, became the first ultrahigh frequency (UHF) television station to begin operating on a regular daily schedule. In 1952, the first transistorized hearing aid was offered for sale by Sonotone Corporation. In 1972, following 36 years of publication, the last weekly issue of “LIFE” magazine hit the newsstands. The magazine later became a monthly publication.


There is no SURVEY SAYS this week.
Share the 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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