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Insight on Plan Design & Investment Strategy Every Weekday
Data and Research
Sponsors and Providers Use Too Much DC Plan Jargon
For example, the increasingly popular industry terminology around “the retirement tier” scored very low among respondents to an Invesco participant survey in terms of effectively communicating necessary information.
Data and Research, Benefits, Administration
Estimates for Health Care Costs in Retirement Continue to Rise
A 65-year old couple retiring in 2019 can expect to spend $285,000 in health care and medical expenses throughout retirement, Fidelity estimates, but it says it is possible to save for retirement health costs via health savings accounts.
Most Read
2021 Recordkeeping Survey
Data and Research
The Growing Interest in Guaranteed Income Options
Data and Research
Employers Feel the Strain of Rising Labor Costs
So You Want to Offer a Student Loan Repayment Benefit
In an Issue Brief published by the Employee Benefit Research Institute (EBRI), Neil Lloyd, partner and head of DC & financial wellness research at Mercer, explains choices plan sponsors have for offering student loan repayment benefits.
Effective Retirement Plan Communications Are Understandable and Accessible
A survey from the Empower Institute reveals retirement industry terms employees prefer, what they want communications look like, and how they prefer to receive them.
Deals and People
Principal to Acquire Wells Fargo Retirement Plans Business
Principal says, with the acquisition, it will gain a strong foothold with mid-sized employers as more than two-thirds of Wells Fargo’s institutional retirement assets are in plans ranging from $10 million to $1 billion.
Market Mirror
Yesterday, the Dow lost 183.12 points (0.64%) to finish at 28,462.14, the NASDAQ closed 60.62 points (0.67%) lower at 8,945.99, and the S&P 500 decreased 18.73 points (0.58%) to 3,221.29. The Russell 2000 was down 4.88 points (0.29%) at 1,664.15, and the Wilshire 5000 fell 188.08 points (0.57%) to 32,788.74.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.892%. The price of the 30-year Treasury bond decreased 26/32, bringing its yield up to 2.339%.
IRS Announces 2020 Contribution and Benefit Limits
The contribution limit for employees who participate in 401(k), 403(b) and most 457 plans is increased from $19,000 to $19,500.
IRS Announces 2020 HSA Contribution Limits
The limits will increase $50 for an individual with self-only coverage and $100 for an individual with family coverage in 2020.
AT&T Sued Over Calculation of Early Retirement Benefits
The plaintiffs say the plan’s terms reduce benefits using “Early Retirement Factors” and “Joint and Survivor Annuity Factors” which result in plan participants receiving less than the actuarial equivalent of their vested accrued benefit, as required by ERISA.
Small Talk
ON THIS DATE: In 1862, President Abraham Lincoln signed an act admitting West Virginia to the Union. In 1879, in the first public demonstration of his incandescent lightbulb, American inventor Thomas Alva Edison lit up a street in Menlo Park, New Jersey. In 1891, New York’s new Immigration Depot was opened at Ellis Island, to provide improved facilities for the massive numbers of arrivals. In 1897, Brooklyn, New York, spent its last day as a separate entity before becoming part of New York City. In 1929, Guy Lombardo and his Royal Canadians played “Auld Lang Syne” as a New Year’s Eve song for the first time. In 1946, President Harry Truman officially proclaimed the end of hostilities in World War II. In 1955, General Motors became the first U.S. corporation to earn more than one billion dollars in a single year. In 1961, in the U.S., the Marshall Plan expired after distributing more than $12 billion in foreign aid. In 1967, the Green Bay Packers won the National Football League championship game by defeating the Dallas Cowboys 21-17. The game is known as the Ice Bowl since it was played in a wind chill of 40 degrees below zero. In 1999, Sarah Knauss died at the age of 119. She was the world’s oldest person. In 1999, the United States, in accordance with the Torrijos-Carter Treaties, officially handed over control of the Panama Canal, putting the strategic waterway into Panamanian hands for the first time.
TRIVIAL PURSUITS: What does “Auld Lang Syne” mean?

Here’s wishing everyone a new year filled with good things!
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