Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 16th, 2016
Benefits & Administration
SEI Says It’s Time for a DC Overhaul
Investment provider SEI takes a look at the coming retirement crisis in its new report, “Do DC Plans Need to Be Redesigned?” The 2016 Defined Contribution Outlook especially scrutinizes what plan sponsors expect out of their plans.Read more >
Products, Deals and People
Retirement Industry People Moves
New hires at OneAmerica, T. Rowe Price, JP Morgan Asset Management and Lincoln Financial Group.Read more >
Encourage Participants to Claim the Saver’s Credit
Retirement plan sponsors can play an important role in raising awareness about the Saver’s Credit.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
FRIDAY FUN - June 18, 2021
Economic Events

The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments for December 2015, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,302.3 billion, down 0.6% from November 2015 and down 2.7% from December 2014.

Advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $449.9 billion, an increase of 0.2% from the previous month, and 3.4% above January 2015. Total sales for the November 2015 through January 2016 period were up 2.5% from the same period a year ago. 

THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the producer price index (PPI) for January, and the Census Bureau will report about housing starts for January. Thursday, the Labor Department will issue its initial claims report. Friday, the Bureau of Labor Statistics will reveal the consumer price index (CPI) for January.
Sponsored message from PNC Vested Interest
PLANSPONSOR interviews Michael Patch and Keith Vukmir
Alison Cooke Mintzer, Editor-in-Chief for PLANSPONSOR, interviews Michael Patch, Director of Relationship Management, and Keith Vukmir, Director of Development, at PNC Retirement Solutions. Patch and Vukmir discuss zero revenue share funds.Read more >
Market Mirror

Friday, the Dow climbed 313.66 points (2.00%) to 15,973.84, the NASDAQ increased 70.67 points (1.66%) to 4,337.51, and the S&P 500 was up 35.70 points (1.95%) at 1,864.78. The Russell 2000 closed 18.27 points (1.92%) higher at 971.98, and the Wilshire 5000 gained 362.14 points (1.94%) to finish at 18,984.37.

On the NYSE, 3.1 billion shares changed hands, with advancing issues outnumbering declining issues nearly 4 to 1. On the NASDAQ, 2.6 billion shares traded, with a more than 3 to 1 lead for advancers.                   

The yield of the 10-year Treasury note was 1.748%, and the yield of the 30-year Treasury bond was 2.602%.

WEEK’S WORTH: For the week ending February 12, the Dow fell 1.43%, the NASDAQ was down 0.59%, and the S&P 500 decreased 0.81%. The Russell 2000 lost 1.38%, and the Wilshire 5000 finished 0.94% lower.
From the Magazine
HSAs Are a Hidden Gem
Most Americans are unprepared for health care costs in retirement, and an HSA [health savings account] is the best way to save for that,” says Eric Roberts, a consultant at Nyhart Actuary & Employee Benefits in Indianapolis. He notes that HSAs offer triple tax benefits.Read more >
Investing
Mutual Funds and TDFs Shed $8B in January
The first month of 2016 was not an enjoyable time for investors—with net redemptions from long-term mutual funds and ETFs topping $8 billion.Read more >
Small Talk
ON THIS DATE: In 1857, the National Deaf Mute College was incorporated in Washington, D.C. It was the first school in the world for advanced education of the deaf. The school was later renamed Gallaudet College. In 1862, during the U.S. Civil War, about 14,000 Confederate soldiers surrendered to Gen. Ulysses S. Grant at Fort Donelson, Tennessee. In 1868, the Jolly Corks organization, in New York City, changed its name to the Benevolent and Protective Order of Elks (BPOE). In 1883, “Ladies Home Journal” began publication. In 1914, the first airplane flight between Los Angeles and San Francisco took place. In 1937, Wallace H. Carothers received a patent for nylon. Carothers was a research chemist for Du Pont. In 1958, the first ironing board was patented by William Vandenburg and James Harvey. In 1968, in the U.S., the first 911 emergency telephone system was inaugurated in Haleyville, Alabama. In 2005, the NHL announced the cancellation of the 2004-2005 season due to a labor dispute. It was the first time a major sports league in North America lost an entire season to a labor dispute.
SURVEY SAYS RESPONSES: The funniest Super Bowl commercials of 2016 have been listed on www.superbowlcommercials2016.org. Last week, I asked NewsDash readers, “Which of these commercials did you think was the funniest?” Let’s start with the ones that received no votes: Mountain Dew PuppyMonkeyBaby, Bud Light – The Bud Light Party with Amy Schumer and Seth Rogen, Avocados from Mexico – AvosInSpace, Shock Top – Unfiltered Talk, Snickers – Marilyn with Willem Dafoe, and Marmot. The following were each chosen by 2.56% of responding readers: Wix.com Kung Fu Panda, Skittles – The Portrait with Aerosmith’s Steven Tyler, Toyota – The Longest Chase, and Doritos – Dogs Crash the Super Bowl. Read on to see the top four.Read more >
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 alison.mintzer@strategic-i.com

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