Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 11th, 2019

How and When to Encourage Use of Managed Accounts

While some defined contribution (DC) plan participants may choose to invest in a managed account, there may be others who don’t choose to do so that would benefit from investing in one. Read more >
Benefits & Administration
Investing for the Future Improves Sense of Financial Well-Being
BlackRock says easy-to-use investment solutions could help alleviate both financial and emotional barriers to saving and investing for the long term that were revealed in its Global Investor Pulse survey. Read more >
Majority of DC Plan Participants Express Retirement Readiness Confidence
In addition, a majority of those polled by the Investment Company Institute (ICI) oppose changing key features of defined contribution (DC) plans. Read more >
Compliance
Open MEPs Will Be a Retirement Plan Market Disruptor
If legislation allowing for open multiple employer plans (MEPs) is passed, it will be a while before implementation, and changes it will bring will affect services and business models of nearly every stakeholder in the retirement plan industry. Read more >
MOST READ ARTICLES
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EBRI Reassesses Whether DC or DB Plans Are Better for Participants
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What Baby Boomers Can Do When Market Volatility Hits Near Retirement
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Open MEPs Will Be a Retirement Plan Market Disruptor
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2019 Best in Class 401(k) Plans
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How and When to Encourage Use of Managed Accounts
Sponsored message from PIMCO
Recently PLANSPONSOR’S Editor-In-Chief Alison Cooke Mintzer sat down with Rick Fulford, EVP of U.S. Retirement at PIMCO to discuss how Bonds are Different: Active versus Passive Management. Read more >
Economic Events

THE ECONOMIC WEEK AHEAD: Wednesday, the Bureau of Labor Statistics (BLS) will reveal the consumer price index for January. Thursday, the Labor Department will issue its initial claims report, the Census Bureau will report about retail sales for December and business trade for November, and the BLS will reveal the producer price index for January. Friday, the Census Bureau will report about retail sales for January and business trade for December.

Market Mirror

Friday, the Dow closed 63.20 points (0.25%) lower at 25,106.33, the NASDAQ closed 9.85 points (0.14%) higher at 7,298.20, and the S&P 500 was up 1.83 points (0.07%) at 2,707.88. The Russell 2000 was virtually unchanged at 1,506.39, and the Wilshire 5000 increased 17.96 points (0.06%) to 28,056.58.

 

The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.635%. The price of the 30-year Treasury bond increased 17/32, bringing its yield down to 2.977%.

 

WEEK’S WORTH: For the week ending February 8, the Dow finished 0.17% higher, the NASDAQ climbed 0.47%, and the S&P 500 was up 0.05%. The Russell 2000 gained 0.29%, and the Wilshire 5000 increased 0.11%.

Products, Deals and People
Retirement Industry People Moves
Hooker & Holcombe announce promotion and hires; The Standard brings in director of stable value sales; Murphy and Reynolds take new roles at Great-West; and more. Read more >
TCG Advisors Launches Workplace Financial Wellness Program
The program features personalized recommendations to improve financial wellness, learning modules, a planning toolkit and access to coaches and Certified Financial Planners. Read more >
DC Plan Sponsor Clients Wait for Details in BB&T and SunTrust Merger
While the firms are better known for their sizable banking businesses, both BB&T and SunTrust offer defined contribution (DC) plan recordkeeping services; plan sponsor clients “should expect business to continue as usual” for the time being. Read more >
Investing
Public Pensions Report Strong 2018 Returns
Between nearly doubled investment returns, stable contributions and cost-effectiveness, the “2018 NCPERS Public Retirement Systems Study” shows an increase in pension funding. Read more >
Small Talk

ON THIS DATE: In 1752, the Pennsylvania Hospital opened as the very first hospital in America. In 1808, Judge Jesse Fell experimented by burning anthracite coal to keep his house warm. In 1812, the term “gerrymandering” had its beginning when the governor of Massachusetts, Elbridge Gerry, signed a redistricting law that favored his party. In 1937, General Motors agreed to recognize the United Automobile Workers Union, which ended the sit-down strike against the company. In 1943, General Dwight David Eisenhower was selected to command the allied armies in Europe. In 1957, the NHL Players Association was formed in New York City. In 1975, Margaret Thatcher became the first woman to head a major party in Britain when she was elected leader of the Conservative Party. In 1989, Rev. Barbara C. Harris became the first woman to be consecrated as a bishop in the Episcopal Church. In 1990, Nelson Mandela was freed after 27 years in captivity. In 1993, Janet Reno was appointed to the position of attorney general by President Bill Clinton. She was the first female to hold the position.

SURVEY SAYS: Last week, I asked NewsDash readers, “Do you plan to celebrate Valentine’s Day this year, and what will that involve?” Nearly half (48.5%) of responding readers do plan to celebrate Valentine’s Day this year, while 42.4% do not and 9.1% are unsure. Asked with whom they will celebrate Valentine’s Day (they could choose all that apply), 69.7% said their spouse or partner, and 3% said boyfriend or girlfriend. Nearly two in ten (18.2%) said they would celebrate with their children. Half of respondents reported they will give their Valentine a card, and 31.2% will go to dinner. Candy will be given by 12.5% of responding readers, jewelry will be given by 9.4%, and stuffed animal and movie were selected by 3.1% of readers each. There were also “other” responses. In verbatim comments, several responding readers did say Valentine’s Day is a Hallmark holiday that need not be celebrated. A few shared Valentine’s Day traditions, and a few talked about showing love every day of the year. Since Valentine’s Day is my birthday, Editor’s Choice has to go to the reader who left the comment that I often say to people myself, “Valentine’s Day? What is this Valentine’s Day of which you speak?” Thanks to all who participated in the survey, and a big thank you to the readers who told me the problem that was keeping people from leaving responses! Sorry to those who were unable to. Read more >
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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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