Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 7th, 2015
Benefits & Administration
Participants Not the Only Ones Suffering from Inertia
Not long after behavioral finance began scrutinizing retirement plan participant behavior, people began realizing that one behavior—inertia—was hurting employees. It kept them from joining a retirement plan, from keeping on top of their investments and revisiting their contribution level. But, it turns out many plan sponsors are hardly models of perfect retirement plan behavior. They might be sluggish about improving or changing their plans and keeping on top of design and administration trends.Read more >
Troubles Facing Plan Sponsors Globally
In a recent interview with PLANSPONSOR, Fredrik Axsater, head of defined contribution for State Street Global Advisors, suggested three long-developing themes have clearly crystalized in 2015 as global retirement challenges—faced by plan sponsors in the U.S. and across Europe and most other developed economies.Read more >
MOST READ ARTICLES
1
The DOL Has Begun Retirement Plan Cybersecurity Audits
2
2021 Target-Date Fund Survey
3
2020 Recordkeeping Survey
4
Differences Between Safe Harbor and Traditional DC Plans
5
TRIVIAL PURSUITS: What do the M’s stand for in M&Ms?
Plan Sponsors Can Help Clear Investing Fog
Investing in general and target-date funds (TDFs) in particular continue to confound retirement plan participants, according to new research by AllianceBernstein.Read more >
Products, Deals and People
Another TPA Adds VMS Recordkeeping Platform
United Retirement Plan Consultants has partnered with Vertical Management Systems, a data and tech provider, to provide complete recordkeeping solutions through the VMS Retirement Revolution platform.Read more >
Sponsored message from Russell Investments
Going passive is still an active decision
Are you meeting your fiduciary duty by offering a passive line-up to your DC plan participants? This paper provides an overview of several Items to consider when selecting and monitoring plan investments.Read more >
Economic Events

Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5%, the Bureau of Labor Statistics reported. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs.

THE ECONOMIC WEEK AHEAD: Wednesday, the Census Bureau will report about wholesale inventories for October. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the producer price index, and the Census Bureau will report about retail sales for November and business inventories for October.

Market Mirror

Friday, the Dow climbed 369.96 points (2.12%) to 17,847.63, the NASDAQ closed 104.74 points (2.08%) higher at 5,142.27, and the S&P 500 increased 42.07 points (2.05%) to 2,091.69. The Russell 2000 was up 12.83 points (1.10%) at 1,183.39, and the Wilshire 5000 gained 404.41 points (1.92%) to finish at 21,501.74.

On the NYSE, 3.1 billion shares traded, and on the NASDAQ, 2.7 billion shares changed hands, with advancing issues outnumbering declining issues nearly 2 to 1 on both exchanges.

The yield of the 10-year Treasury note was 2.274%. The yield of the 30-year Treasury bond was 3.012%.

WEEK’S WORTH: For the week ending December 4, the Dow increased 0.28%, the NASDAQ finished 0.29% higher, and the S&P 500 was up 0.08%. The Russell 2000 fell 1.58%, and the Wilshire 5000 lost 1.19%.

From the Magazine
DC Plan Q&A: The Missing and Terminated
At times, employers can find it impossible to contact retirement plan participants who remain part of the plan but no longer work for the employer. Lisa H. Barton, a partner in the employee benefits and executive compensation practice at Morgan Lewis, answers questions about the terminated and missing.Read more >
Small Talk
ON THIS DATE: In 1787, Delaware became the first state to ratify the U.S. constitution becoming the first of the United States. In 1796, John Adams was elected to be the second president of the United States. In 1836, Martin Van Buren was elected the eighth president of the United States. In 1941, Pearl Harbor, located on the Hawaiian island of Oahu was attacked by nearly 200 Japanese warplanes. The attack resulted in the U.S. entering into World War II. In 1972, Apollo 17 was launched at Cape Canaveral. It was the last U.S. moon mission. In 1982, Charlie Brooks Junior, a convicted murderer, was the first prisoner in the U.S. to be executed by injection, at a prison in Huntsville, Texas.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “If you saw change (not dollars) on the street, sidewalk, etc., how much would it have to be for you to pick it up?” The majority (64.3%) would pick up even a penny, while for 16.3% it would have to be more than a penny, but less than a quarter. A little more than 9% would pick up no less than a quarter, and 2% would pick up no less than one dollar in change. For 3.1%, the change would have to amount to more than one dollar. Slightly more than 5% said they wouldn’t pick up any change. Many respondents explained that superstition—see a penny, pick it up, and all the day you’ll have good luck—or a cliché—a penny saved is a penny earned—is the reason they will pick up even a penny. Some had conditions—only if it’s heads up. And there were other conditions, with readers citing cleanliness, how crowded the street was and who would see them, among other things. Editor’s Choice goes to the reader who said: “I just asked my wife last night: ‘If I purposely dropped a penny on the ground so that someone else could find it, would it be considered littering, charity, or recycling (returning the metals to the earth)?’”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 alison.mintzer@strategic-i.com

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